Sustainability is a guiding principle for innogy
innogy publishes its first Sustainability Report
Climate protection, environment and staff are key areas
Following its successful IPO in October 2016, innogy SE has published its first Sustainability Report in accordance with the Global Reporting Initiative (GRI) international guidelines, for the year 2016. In the report, the company has shown its commitment to social responsibility in and beyond its business activities. Customers form the central focal point for innogy. Consideration of environmental and sustainability criteria are also high on the corporate agenda. This is because economic success and social responsibility go hand in hand. Sustainability criteria are therefore also reflected in the remuneration of innogy’s board members. As well as to its customers, innogy wants to provide transparent information about its business practices, its commitment to society and its focus on sustainability not only to its customers, but also to other stakeholders such as employees, investors, local residents, politicians, the media and society.
Peter Terium, CEO of innogy SE, explains:
“innogy represents sustainable energy supply, transparency and responsibility. We want to create a sustainable energy system that makes the world a place worth living for us and for future generations. This is an ambitious aspiration that we take very seriously. With our structure spanning Renewables, Grid & Infrastructure and Retail divisions, together with our highly motivated team, we are ideally placed to take on this challenge. Or, to put it another way, sustainability is part of our DNA.”
The Sustainability Report contains a wealth of facts and figures that back up innogy’s claims. For example, the company’s power generation was almost carbon-free in 2016. innogy invested a total of over €965 million in climate and environmental protection activities in 2016. The health rate of the work force in the reporting year was close to 96 percent. Work-life balance has been eased with mobile and flexible working arrangements. These are only selected examples addressing the most important areas of sustainability activities.
innogy sees itself as an important and integral part of society. This is why the company provided financial support for voluntary social, environmental and cultural engagements undertaken by employees in 2016. As part of the company’s assistance for refugees, 70 people were offered a traineeship or work-a placement role.
The many sustainability initiatives undertaken by the Renewables, Grid & Infrastructure and Retail divisions are explained in the Sustainability Report. innogy’s strategy is consistently aligned with the megatrends of decarbonisation, decentralisation and digitalisation, which also provides sustainable benefit for its stakeholders. For example, around 8,500 renewable energy installations owned by third parties were newly connected to the distribution systems of the innogy Group in Germany in the reporting year, increasing their total number to approximately 325,000 installations. With innogy’s products and services, customers are supported in using energy more efficiently and contributing to the transformation of the energy industry.
In its Sustainability Report, innogy explains in detail that the innogy Group is responding to the changing environmental awareness within society. This is because a sustainable, renewable energy supply is an essential requirement in the successful transformation of the German energy industry.