The Better Plan covers the activities of EDF Energy Limited, our subsidiaries, and all joint ventures in which we hold an interest of over 50%. EDF Energy Limited is a wholly owned subsidiary of EDF SA. Our headquarters are at 90 Whitfield Street, London, W1T 4EZ.
As a subsidiary of EDF Group, EDF Energy is not listed on the London Stock Exchange, so we are not obliged by law to comply with Stock Exchange rules or to adopt the same standards as listed companies.
However, as a subsidiary of EDF Group, which is listed in Paris, we have certain obligations under Autorité Des Marches Financiers (AMF) Regulations and we always seek to operate to the highest standards.
We have voluntarily embraced the principles underlying many of these standards, including the Combined Code and the Turnbull Guidelines on risk management.
Our sustainability activities very much support the Precautionary Approach that emerged from the 1992 Rio Declaration. Principle 15 of the Declaration states:
“Where there are threats of serious or irreversible damage, lack of full scientific certainty shall not be used as a reason for postponing cost-effective measures to prevent environmental degradation.”
We believe we have been applying the Precautionary Approach through The Better Plan. These have involved significant investments in:
- the development of our low-carbon generation portfolio.
- energy-efficiency programmes for our generation plants and buildings
We have also invested in becoming fully compliant with ISO 14001 across some areas of our business, which serves to identify and mitigate against environmental degradation and environmental risks.
In terms of subject scope, our web report focuses on sustainability issues that are material to our business in the UK. We remain objective and report in an open, honest and balanced way. Content within The Better Plan has been disclosed in accordance with Global Reporting Initiative G4 Core guidance. Please click here to see our GRI Index Table.