National Grid 2016 Annual Report Download - page 19

Strategic objective Engage
externally Embed sustainability Drive growth
Description Work with external
stakeholders to shape UK,
EU and US energy policy.
Integrate sustainability into
our decision-making to create
value, help preserve natural
resources and respect the
interests of our communities.
Grow our core businesses
and develop future new
business options.
How we deliver 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 customers
and stakeholders.
Our long-term sustainability strategy
sets our ambition to deliver these
aims and to embed a culture of
sustainability within our organisation.
This culture allows us to make
decisions that balance affordability
with helping 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
Scope 2 greenhouse gas emissions
by 2020 and 80% by 2050.
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.
Relevant KPIs Climate change
A measure of our reduction of
Scope 1 and Scope 2 greenhouse
gas emissions of the six primary
Kyoto greenhouse gases (excluding
electricity transmission and distribution
line losses).
Regulated asset base growth
Maintaining efficient growth in
our regulated assets ensures
we are well positioned to provide
consistently high levels of service
to our customers and increases our
revenue allowances in future years.
Adjusted EPS
Adjusted earnings represent
profit for the year attributable
to equity shareholders. This
excludes exceptional items and
remeasurements (see page 111).
Adjusted earnings per share provides
a measure of shareholder return that
is comparable over time.
17National Grid Annual Report and Accounts 2015/16
Strategic Report
Our vision and strategy