ESB Annual Report 2012 - (Page 35)
BUSINESS
OVERVIEW
BUSINESS
OVERVIEW
OPERATING &
FINANCIAL REVIEW
OPERATING &
FINANCIAL REVIEW
CORPORATE SOCIAL
RESPONSIBILITY
CORPORATE SOCIAL
RESPONSIBILITY
CORPORATE
GOVERNANCE
CORPORATE
GOVERNANCE
FINANCIAL
STATEMENTS
STATEMENTS
ESB Annual Report 2012 35
03
01
CORPORATE SOCIAL
RESPONSIBILITY
02
INTRODUCTION MESSAGE FROM PAT NAUGHTON,
EXECUTIVE DIRECTOR, PEOPLE ANDSUSTAINABILITY
Since being established in 1927, ESB has a
proud tradition of being centrally involved in every
aspect of the social, community and economic
development of Ireland, from development of
the Ardnacrusha hydro-electric station in 1929,
through bringing electricity to every town and
village in the 1950s, maintaining Ireland’s energy
security during the oil crisis of the 1970s and to the
development of competition on the island of Ireland
with increasing focus on renewable generation
and decarbonisation. In ESB we continue to play a
central role in the economic, community and social
development of Ireland by ensuring that we operate
in a responsible manner across all aspects of our
activities in Ireland and overseas.
ESB’s corporate social responsibility aim is to
be exemplary in every aspect of our business
operations to ensure ESB has a positive impact
on our staff, the markets in which we conduct our
business, the environment in which we operate
and the communities we serve. This ambition is
aligned with our vision to be Ireland’s foremost
energy company competing successfully in the
all-islands market and underpinned by our aim
of conducting all our affairs with our customers,
partners, stakeholders and the public with integrity
and to the highest ethical standards.
In 2008, we developed a Sustainability Charter
to underline our commitment to becoming
exemplary in sustainability. I am pleased
to report that we have achieved all of the
commitments outlined in our charter to the
end of 2012, building on the achievement
in 2011 of being one of the first recipients
of the Business Working Responsibly Mark.
We will continue to lead by example in this
important area and to build on this success,
by continuing to encourage our staff to think
in innovative ways, to advance our corporate
social responsibility (CSR) agenda by getting
the fundamentals right, by being an exemplary
employer and by addressing our broader
responsibilities to society.
OUR APPROACH TO CORPORATE SOCIAL RESPONSIBILITY
03
GOVERNANCE
To manage risk and influence
policy as we move towards a
low carbon economy.
PEOPLE
To engage with employees
through sustainability to enhance
performance in line with People Strategy.
04
INNOVATION
To develop low-carbon
business opportunities
as a source of
competitive advantage
towards 2050.
ENERGY COMPANY
COMPETING
SUCCESSFULLY IN
THE ALL-ISLANDS
MARKET
TO BE IRELANDS
FOREMOST
COMMUNITY
To engage with the
communities in which
we live and operate
as part of our broader
responsibility to
society.
CLIMATE CHANGE
To minimise our impact on the
environment and use our own resources
in a cost efficient manner.
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Table of Contents for the Digital Edition of ESB Annual Report 2012
ESB Annual Report 2012
Contents
Business Overview
Chairman’s Statement
Chief Executive Review
Our Strategy and Business Model
Operating and Financial Review
Operating Environment
Finance Review
Business Unit Sections: ESB Generation and Wholesale Markets
ESB Networks
NIE
Electric Ireland
Corporate Social Responsibility
Introduction from Executive Director, People and Sustainability
Sustainability Charter
Energy Usage 2012
ESB Innovation
Equality and Diversity
Our People
Our Community
Corporate Governance
Chairman’s Corporate Governance Statement
The Board
Executive Team
Board Members’ Report
Risk Management Report
Statement of Board Members’ Responsibilities
Independant auditor’s report to the stockholders of Electricity Supply Board (ESB)
Statement of Accounting Policies
Financial statements
Prompt Payments Act
ESB Annual Report 2012
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