15 long-term goals, focused on four areas: customers, climate change, colleagues and communities
Centrica plc, the international energy and services company with brands including British Gas, Bord Gáis Energy and Direct Energy, is introducing Responsible Business Ambitions out to 2030.
The Ambitions set out 15 long-term goals, focused on four areas: customers; climate change; colleagues; and the communities in which Centrica operates.
Regarding climate change mitigation, Centrica believes strongly in precautionary action and has set out clear goals to 2030, which are aligned to the Paris Agreement, in areas where it can make a real difference as a responsible energy and services company:
- Helping customers reduce their emissions by 25%, directly contributing 3% via its products and services, which is equivalent to the annual emissions of 2.5 million UK homes. In addition, Centrica’s actions will indirectly reduce customer emissions through providing insight and influencing policy.
- Enabling a decarbonised energy system by delivering 7GW of flexible, distributed and low carbon technologies, which is comparable to more than 10% of the UK’s current peak demand.
- Reducing Centrica’s internal emissions by 35% in the ten years to 2025 and by 2030 demonstrate that we are on track with Paris, and develop a path to net zero by 2050.
Centrica has already reduced its own emissions by 80% over the last decade and is a global leader in action and disclosure on climate change, having retained its A- rating with CDP which runs the global disclosure system that enables companies, cities, states and regions to measure and manage their environmental impacts.
Iain Conn, Group Chief Executive said: “Our Responsible Business Ambitions bring the company’s purpose to life. We are, of course, here to satisfy the changing needs of our customers and to deliver long-term shareholder value. Together our Ambitions give meaning to the goal of 'helping you run your world in ever more sustainable ways'. We’ve been active in all of these areas for many years, and we wanted to bring them all together and set specific targets out to 2030 that will accelerate the positive impact we can have in society.
“Our Ambitions are not going to be easy, but it is the right thing for us to set challenging goals and they will help us deliver better long-term sustainable value for all our stakeholders.”
For more details about Centrica’s Responsible Business Ambitions, watch Iain Conn’s video.