National Grid 2014 Annual Report Download - page 17

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Strategic Report Corporate Governance Financial Statements Additional Information
Stimulate
innovation
Promote new ideas to
work more efficiently
and effectively.
Our commitment to
innovation allows us to run
our networks more efficiently
and effectively and achieve
our regulatory incentives.
Across our business, we will
explore new ways of thinking
and working to benefit every
aspect of what we do.
Embedding innovation and
new technology into our
operations helps us deliver
continuous improvements
inthe quality and cost of
ourservices.
Embed
sustainability
Integrate sustainability
into our decision
making to create value,
preserve natural
resources and respect
the interests of our
communities.
Our long-term sustainability
strategy sets our ambition
todeliver these aims and
toembed a culture of
sustainability within our
organisation.
That culture will allow us to
make decisions that embed
the principles of the circular
economy to protect and
preserve natural resources
and benefit the communities
in which we operate. We
remain committed to our
targets of a 45% reduction in
Scope 1 and 2 greenhouse
gas emissions by 2020 and
80% by 2050.
Engage
externally
Work with external
stakeholders to shape
UK, EU and US energy
policy.
Policy decisions by regulators,
governments and others
directly affect our business.
Weengage widely in the
energy policy debate, so our
position and perspective
caninfluence future policy
direction. Wealso engage
withour regulators to help
them provide the right
mechanisms so we can
deliverinfrastructure that
meets the changing needs
ofour stakeholders.
Drive
growth
Grow our core
businesses and
develop future new
business options.
We continue to maximise
value from our existing
portfolio, while exploring
andevaluating opportunities
for growth. Making sure
ourportfolio of businesses
maintains the appropriate
mixof growth and cash
generation is necessary
tomeet the expectations
ofour shareholders.
We review investment
opportunities carefully and
will only invest where we can
reasonably expect to earn
acceptable returns.
Combining this disciplined
approach with operational
and procurement efficiencies
gives us the best possible
opportunity to drive strong
returns and meet our
commitments to investors.
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