TIDMUU.
RNS Number : 7738L
United Utilities Group PLC
15 September 2021
United Utilities Group PLC
15 September 2021
UNITED UTILITIES ESG EVENT
United Utilities is today giving a presentation to investors and
analysts demonstrating how we are delivering on our long-standing
commitment to environmental, social and governance (ESG)
matters.
No new material on current trading performance will be provided
as part of this event.
Phil Aspin, Chief Financial Officer, said:
"Our strategy to deliver long-term sustainable improvements in
the service we provide is clear and enduring. Our approach to ESG
is central to this strategy, driving us to deliver our services in
an environmentally sustainable, economically beneficial and
socially responsible manner.
"Our work puts us at the heart of the communities in which we
operate and the support we provide to customers who are struggling
to pay their bills has never been more important than through the
Covid-19 pandemic. We believe passionately in using our investment
programme to help keep the North West economy moving, generating
jobs and providing stimulus for the development of skills so vital
as we emerge from the worst effects of the pandemic.
"We are protecting and improving the environment, including the
quality of the water we return to our rivers and coastlines. We
have a duty to respond to climate change, which is why we have
invested to make our services more resilient to changes in weather
patterns and we will continue to invest significantly. We are
delivering against our six carbon pledges, supporting our ambition
to be net zero by 2030.
"We adhere to the highest levels of governance, accountability
and transparency and consistently demonstrate that we are a company
our stakeholders can trust.
"Today's event will provide more detail on how our approach
delivers better outcomes for customers and the environment, drives
efficiency and allows us to retain and attract the best talent by
delivering on issues that matter to our employees. This enables us
to provide the best possible service to customers and ensures we
are well placed to continue to create long-term, sustainable value
for all stakeholders."
For further information on the day, please contact:
+44 (0) 7753
Gaynor Kenyon - Corporate Affairs Director 622 282
+44 (0) 7500
Robert Lee - Head of Investor Relations 087 704
+44 (0) 2073
Graeme Wilson - Tulchan Communications 534 200
Presentation webcast and conference call details
We will be hosting a webcast presentation at 9.00am on Wednesday
15 September 2021, which can be accessed via the following
link:
https://www.investis-live.com/united-utilities/6108f5b668363a250004822e/omne
The presentation can also be accessed via a live listen only
call facility by dialling:
UK toll: +44 (0)20 39362999
Passcode: 359688
The presentation slides will be available on our website shortly
before the presentation commences at the following link:
https://www.unitedutilities.com/corporate/investors/results-and-presentations/presentations-and-announcements/
Following conclusion of the presentation a recording of the
presentation will be available from our website.
OVERVIEW
ESG has been at the heart of our overall strategy for a long
time - and will continue to be a fundamental priority in the years
ahead. We have a deep and long standing relationship with the
environment in which we operate and the communities we serve. This
enduring connection has been the foundation stone of our strong
track record of performance. But we know there is more to do and by
delivering our plans, we will ensure we continue to improve for the
benefit of all our stakeholders.
PROTECTING AND ENHANCING THE ENVIRONMENT
Leading environmental performance
-- Continuing to protect and enhance the environment with an
AMP7 investment programme of more than GBP2 billion
-- Industry leading 4* environmental performance and 'green'
across all areas - the only listed company to achieve this
-- Delivering frontier performance on how we manage pollution
with no serious pollution incidents for two consecutive years and a
31% reduction overall
Catchment approach delivering efficiency and environmental
improvements
-- Long track record of innovating and leading the sector in how we manage catchments
-- Applying our innovative Systems Thinking approach to
catchment management and working with partners
-- Agreed significant flexible catchment permit that formalises
the balancing of operations throughout a catchment, delivering
significant efficiencies versus traditional approaches
Managing risk - climate change and population growth
-- Invested additional GBP250 million of outperformance in AMP6 to enhance resilience
-- Maintained high levels of service through extreme weather
events demonstrating sector leading resilience
-- GBP100 million investment in Dynamic Network Management
programme to enable more proactive management of the sewer network
to reduce sewer flooding
-- Taking a significant role in developing solutions to tackle national issue of water resources
Securing a low carbon future
-- Delivering our six carbon pledges consistent with achieving net zero by 2030
-- First company in the sector to have science-based targets
approved, including supply chain (scope 3) emissions targets
-- Exceeded carbon targets for 2020, reducing emissions by 73%
-- 100% of electricity from renewable sources by October 2021
-- We are the largest corporate UK land owner and are taking
advantage of this to protect and grow carbon storage in large areas
of woodland and peatland, planting 1 million trees and restoring
1,000 hectares of peatland
SUPPORTING SOCIETY
Working at the heart of communities
-- Proactively engaging with communities and stakeholders to
ensure support for the efficient delivery of our capital
projects
-- Invest in community partnerships to tackle issues more effectively
-- One of the region's largest employers, enhancing skills and
social mobility through initiatives such as KickStart, apprentice
and graduate recruitment, and our Social Mobility Summit
Supporting customers
-- Developed a deep understanding of the diversity of customers
we serve meaning we are well placed to support them on issues of
affordability and vulnerability
-- Helping 200,000 customers with affordability support
-- Enhanced digital capability improving service and reducing cost
-- 1 million customers engaging with us digitally
-- Earning a reward against both C-MeX and D-MeX for performance in 2020/21
Investing in colleagues
-- 89% employee engagement and significantly above the UK High Performance Norm
-- Investing in skills recognising that as a digital utility, our required skillset is evolving
-- In the top 1% for Diversity and Inclusion Leadership out of 15,000 European Businesses
RESPONSIBLE FINANCING AND GOVERNANCE
Securing attractive funding based on strong ESG credentials
-- The work we do to protect and enhance the environment allows
us to raise funding via our Sustainable Finance Framework
-- Credit investors have been keen to engage with our ESG agenda
-- GBP300 million debut sustainable bond issued in January 2021
outperforming regulatory assumptions by around 150 basis points
Pensions' position is an example of ESG in practice - mitigating
risk and delivering value
-- Worked collaboratively with pension trustees over a 10 year
period to mitigate risk within acceptable affordability
envelope
-- Fully funded pension schemes on a low dependency basis
-- Pensions Scheme Act 2021 gives greater powers to the Pensions
Regulator that we do not expect to impact us given our already
strong position
Early adopters of best practice corporate governance
-- World Class on Dow Jones, the leading water utility in
Sustainalytics ESG Risk Rating assessment and A- CDP climate change
rating recognising leadership level
-- Adopt most up to date standards of best practice, frequently
leading the way for the sector and adopting early
-- Recognised as a leader across a broad range of ESG indices
-- Driving sustainability in our supply chain
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This financial report contains certain forward-looking
statements with respect to the operations, performance and
financial condition of the group. By their nature, these statements
involve uncertainty since future events and circumstances can cause
results and developments to differ materially from those
anticipated. The forward-looking statements reflect knowledge and
information available at the date of preparation of this financial
report and the company undertakes no obligation to update these
forward-looking statements. Nothing in this financial report should
be construed as a profit forecast.
Certain regulatory performance data contained in this financial
report is subject to regulatory audit.
LEI 2138002IEYQAOC88ZJ59
Classification - ESG event
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September 15, 2021 01:59 ET (05:59 GMT)
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