We want to be held accountable for the commitments we’re making and the targets we are setting. We are committed to keeping our promises and this is why we report annually with independent assurance of progress.
Sustainable Business Committee
We have established several bodies to oversee delivery of our sustainability agenda. The first is our Sustainable Business Committee (SBC) , chaired by our CEO. Its purpose is to provide company-wide leadership in the delivery of our Better Energy Ambitions.
The SBC is a standing committee of the EDF Energy Holdings Limited Board (the “Board”). Its primary function is to assist the Board in fulfilling its responsibilities by reviewing the general policies and practices of EDF Energy Holdings Limited and its controlled subsidiaries in respect of sustainability.
Our CEO and Executive Team have ultimate responsibility for our sustainable business strategy. Each Executive Team Member holds responsibility for one of the ambition areas, but may delegate authority for specialist topics or targets to progress. Additionally, they provide guidance and leadership on decisions relating to Better Energy Ambitions performance, including assurance and reporting.
Lead delegates on our Better Energy Ambitions are responsible for implementing the strategy and delivering results against our targets. They report progress directly into our Executive Team who review, challenge, and provide guidance.
As we are a 100% subsidiary of EDFSA, our Board is not a Unitary Board. We are not required or expected to employ independent non-executive directors. As such, we do not need to create a Nominations and Compensation Committee to select candidates for this Board.
As all our Directors are in effect employed by EDFSA, there is no particular conflict of interest associated with joining EDF Energy’s Board. The Board can, at the company’s expense, employ external advisers to address complex issues in order to facilitate the Directors’ duties.
Issues relating to conflicts of interest, confidentiality and transparency are covered in our employment contractual agreements where necessary.
The SBC did not meet in 2017 due to organisational changes to our Executive Team. There are plans in place for this meeting to take place in 2018.
Sustainable Business Panel
Our second key sustainability body is our Sustainable Business Panel (SBP), chaired by our Director of Strategy and Corporate Affairs. This has senior representation from across the business. It is composed of internal and external experts to challenge and support us in the delivery of our Better Energy Ambitions. It is empowered by the Sustainable Business Committee.
The SBP is concerned with our strategic response to sustainable business issues and with progress in achieving our six Better Energy Ambitions. The Panel also works to make sure we follow best practice and respond to external trends and challenges.
The EDF Energy members of the SBP are drawn from our Senior Leadership Team depending upon which business issues are being discussed. Internal and external members act as the business’s sustainability conscience. External members have been appointed for their strategic role and sustainability expertise. Internal members are champions for making sustainability business as usual.
The SBP met once in 2017 and discussed the Future Electricity Market Vision.
Sustainable Business Oversight Group
The Sustainable Business Oversight Group is a key internal sustainability governance body that is composed of senior internal stakeholders, tasked to provide oversight challenge on the delivery of The Better Plan and provide support to the business in delivery of The Better Plan. They will also provide an oversight of our sustainable business governance framework to ensure it remains effective and efficient.
It also includes a union representative, and someone from our graduate scheme to help us understand the views of the next generation.
The Sustainable Business Oversight Group met once in 2017 and provided collective oversight of the targets within the six Better Energy Ambitions.
Across the Sustainable Business Committee and Sustainable Business Panel, all members are kept up to date with key economic, environmental and social topics that impact EDF Energy. In governance meetings, members are ready to understand, discuss and effectively respond to material issues across the business.
In 2017 we completed a review of our governance processes to make sure they are suitable. This included will evaluating our Sustainable Business Panel to make sure they can effectively oversee delivery of The Better Plan. We also want to gain a better understanding of the perspective of our external partners. This will help us to consider the impact of wider stakeholder issues on our business and reputation.
Material issues discussed by governing bodies
Sustainable Business Panel
|Discussion Point||Challenges||Our Actions|
The Future Electricity Market Vision
How to communicate EDF Energy’s strategy on the Future Electricity Market Vision - Communicate EDF Energy’s purpose (CAP 2030) be transparent and consistent
Additional narrative for The Better Plan to include more on the diversity of our energy mix and its alignment with CAP 2030
Sustainable Business Oversight Group
|Discussion Point||Challenge||Our Action|
Sustainable Business Governance
Provide more oversight on collective performance against the 16 targets that underpin the Better Energy Ambitions with a focus on continuous improvement.
New Sustainable Business Oversight Group and terms of reference agreed which outline a clear performance oversight role for members.
The Better Plan Performance Reporting
How to develop new reporting scorecards for The Better Plan and how this should be communicated to internal and external stakeholders
New performance score cards developed in collaboration with key internal stakeholders. Bi -annual score cards implemented and communicated to all employees through the internal intranet and staff magazine.
Our framework for being a sustainable and responsible energy business.
The Better Plan is an integral part of EDF’s 2030 vision – to be the efficient, responsible electricity company, and champion of low-carbon growth.
We want to, deliver Better Lives, Better Experience and Better Energy for all of society.