Page 8 - AGL Sustainability Report 2011

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Introduction
AGL Energy Limited 6
About this report
AGL publishes sustainability performance data annually
so that stakeholders can gain an understanding of the
social, environmental and economic challenges and
opportunities that face the organisation and the industry,
and the steps that AGL is taking to enhance the long-
term value of the business.
Report scope
This report covers the performance of the AGL group of companies
(AGL Energy Limited and its wholly owned Australian subsidiaries)
(AGL) and the activities and facilities in Australia over which AGL
had operational control for all, or part, of the financial year ended
30 June 2011 (FY2011). All data in this report relates to FY2011
unless otherwise stated.
Together, the 2011 Sustainability Performance Report and the
2011
Annual Report
provide the full account of AGL’s performance for the
period.
Where information regarding AGL’s partially owned and non-
operated investments is material, available and relevant, it is included
and clearly referenced. This report excludes the performance
of franchise AGL Energy Shops and AGL Assist. This report also
excludes AGL’s minority shareholdings in a number of exploration
licences in New Zealand, which were acquired in October 2011, and
are not operated by AGL.
The performance of joint ventures which are not operated by AGL
is excluded.
AGL’s previous Sustainability Report was released in November
2010, covering the 2010 financial year (FY2010). This and prior
Sustainability Reports for AGL and The Australian Gas Light
Company (AGLC) dating back to FY2004 are available on the AGL
website at
agl.com.au.
Report structure
AGL’s annual sustainability reporting comprises two main elements:
1. AGL Annual Report 2011.
This year, AGL has incorporated
sustainability performance information within the Annual Report
to provide a broader account of AGL’s overall performance to
shareholders and other stakeholders.
Pages 10 to 23
of the Annual
Report document AGL’s performance against the 12 strategic
sustainability indicators that were established in 2010.
2. Sustainability Performance Report 2011 (this report)
This report provides detailed performance data across a wider
range of subject areas, and has been prepared for stakeholders
who have a special or detailed interest in particular aspects of
AGL’s sustainability performance.
This report is available online only.
An Assurance Statement is available on
pages 85 to 90.
A Global
Reporting Initiative (GRI) Index is located on
pages 91 to 103.
Global reporting initiative
The Global Reporting Initiative’s (GRI) ‘G3’ Sustainability Reporting
Guidelines and the GRI Electric Utility Sector Supplement were
used in the preparation of this report. These documents provide
guidance for organisations to use as the basis for disclosure about
their sustainability performance, providing a universally applicable,
generally acceptable and comparable framework that helps
stakeholders understand reported information.
A full GRI content index is included on
pages 91 to 103
of
this report.
AGL has self-assessed the extent to which the GRI guidelines have
been applied in the preparation of this report. AGL also engaged
Net Balance Management Group Pty Ltd (Net Balance) to complete
a third-party GRI `Application Level’ assessment of the report. Net
Balance agreed with the self-assessment that the report meets the
requirements of an ‘A+’ Application Level. This is reflected in the GRI
application level table shown below.
It is AGL’s intention to report at an ‘A+’ level in the future.
For further information about the GRI guidelines and application
levels, refer to the GRI website at
globalreporting.org
Assurance
Net Balance has provided independent assurance over this report
using the AA1000 Assurance Standard (2008). A ‘Type 2 Moderate
Level’ of assurance was undertaken which both assesses how well
AGL meets the AA1000 AccountAbility Principles of Inclusivity,
Materiality and Responsiveness, as well as testing the reliability of
reported information. The Assurance Statement from Net Balance
is included on
page 85
of this report.
In addition, AGL has sourced further assurance about data accuracy
and reliability through the following mechanisms:
>> Deloitte Touche Tomatsu has undertaken an assurance of
AGL’s methodology for determining greenhouse gas emissions
(Operational Footprint).
>> Haystac Positive Outcomes (a Division of Mitchell
Communications Group) has reviewed how AGL determines
the value of community contributions using the methodology
established by the London Benchmarking Group (Australia).
A statement from Haystac Positive Outcomes is included on
page 90
of this report.
>> Data in the Economic section of the report includes fnancial
information from AGL’s audited 2011 Financial Report. The full
fnancial report is available on the AGL website at
agl.com.au
Self
declared
Third
party
checked
GRI
checked
2002
In accordance
C C+ B B+
A+
A
Report
externally
assured
Report
externally
assured
Report
externally
assured
GRI application level