International Integrated Reporting Framework
AGL’s FY21 Annual Report has been prepared with reference to the International Integrated Reporting Council’s (IIRC) International Integrated Reporting Framework, as we believe it provides a useful basis for disclosing how we create sustainable value for our shareholders and other stakeholders over time. We have used this framework since FY19 to demonstrate how consideration of risks and opportunities (both those arising from our business and those that exist in a broader operational context), our purpose and our values drive our strategy. We have also considered how the execution of our strategy creates value, applying a lens that is broader than financial performance alone.
GRI Sustainability Reporting Standards (GRI Standards)
AGL’s FY21 reporting suite has been prepared in accordance with the GRI Standards: Core option.
A comprehensive GRI Index is included within AGL’s FY21 ESG Data Centre, and details which topic-specific GRI Standards (and associated Disclosures) have been used, and the topic boundaries for each.
Sustainability Accounting Standards Board (SASB)
AGL has aligned the disclosures made in the FY21 Annual Report to the Sustainability Accounting Standards Board (SASB) standards for Electrical Utilities and Power Generators and Gas Utilities.
A SASB index is included in the FY21 ESG Data Centre which identifies the extent to which each SASB disclosure requirement has been applied.
Taskforce on Climate-Related Financial Disclosure
AGL follows the guidance provided by the Financial Stability Board's Task Force on Climate-Related Financial Disclosure’s voluntary disclosure framework (TCFD Framework). 'Accelerating our Transition', our FY21 TCFD report which accompanies the Annual Report, details how we consider governance, risk management, strategy, and metrics and targets in relation to climate change. A summary of the TCFD disclosures is also included within the FY21 Annual Report.
United Nations Global Compact (UNGC) and Sustainable Development Goals (SDGs)
AGL is a signatory to the Ten Principles of the United Nations Global Compact (UNGC). These principles are derived from the Universal Declaration of Human Rights, the International Labour Organisation’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nation’s Convention Against Corruption.
View our FY21 Communication on Progress here.
The United Nations Sustainable Development Goals (SDGs) are a set of 17 interconnected goals that form a global benchmark for achieving a sustainable future for all.
While many of the SDGs intersect with AGL's operations, the three SDGs we assess as most material to our strategy and operations comprise SDG 13 – Climate Action; SDG 7 – Affordable and Clean Energy; and SDG 9 – Industry, Innovation and Infrastructure.
We engaged Deloitte to undertake limited assurance over selected non-financial key performance indicators (KPIs) included within the Business Value Driver scorecards in our FY21 Annual Report, in accordance with the Australian Standard on assurance engagements ASAE 3000 Assurance Engagements other than Audits or Reviews of Historical Financial Information issued by the Australian Auditing and Assurance Standards Board. Full details of the assurance process and outcome are included in the assurance statement included in the FY21 Annual Report.
Historical Sustainability Performance
As a result of the adoption of Integrated Reporting principles in FY19, AGL is no longer publishing a separate, stand-alone Sustainability Report. However, operating our business sustainably and ensuring we continue to provide transparent disclosures about our sustainability performance for our stakeholders is still central to who we are.
Information about AGL’s historical sustainability performance is available in our past Sustainability Reports (until FY18) and Annual Reports (from FY19):