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 The Better Plan.
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. Additionally, they provide guidance and leadership on decisions relating to The Better Plan performance, including assurance and reporting.
Each of the goals and targets for under each of our Better Energy Ambitions is embedded within the relevant business plans within EDF Energy. Responsibility for implementing the strategy and delivering results against our targets sits with the relevant lead within the business. Oversight of performance against each individual goal or target takes place within the relevant functional or business governance structure. Collective oversight of collective performance against the Better Energy Ambitions and The Better Plan is delegated by the Executive Team to the Sustainable Business Oversight Group (as detailed below).
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.