AGL has won three separate awards at the Australian Association of Chartered Certified Accountants (ACCA) Reporting Awards, including taking out the top prize of Best Sustainability Report. Other prizes are for Best Sustainability Reporting of an ASX 50 Company and Best Sustainability Reporting for an Energy and Utilities Company.
These awards add to a significant list of achievements in relation to sustainability reporting and credentials for AGL. In March 2011, AGL took out top prize at the Energy Supply Association of Australia's (ESAA) Sustainability Reporting and Innovation Awards for its 2010 Sustainability Report. In 2010, AGL was jointly awarded best sustainability report with Westpac at the 2010 ACCA reporting awards ceremony. In the same year, AGL won the award for best disclosure of environmental, social and governance information at the Australian Investor Relations Association annual awards presentation.
"We are incredibly proud of these achievements and are committed to leading the industry in this space," said Tim Nelson, Head of Economic Policy and Sustainability.
"When we think about sustainability, we don't just think about the environment; we also think about our responsibilities to all our stakeholders - our employees, our customers, our shareholders, and the community.
"We aim to build a sustainable future for AGL, where we will continue to be successful and respected for the next 10, 20 or 50 years and beyond, by doing the right thing by our stakeholders," he said.
AGL publishes an annual sustainability report so its stakeholders can gain an understanding of the social, environmental and economic challenges and opportunities that face the organisation and the industry, and the steps it takes to address these responsibly to enhance the long-term value of its business.
AGL has also been recognised as one of Australia's leading companies in disclosing its risks and opportunities related to climate change and greenhouse gas emissions, through its inclusion on the Carbon Disclosure Project's 2010 Carbon Disclosure Leadership Index (CDLI) and the Carbon Performance Leaders list for the ASX 200/ NZX 50.
AGL ranks as one of the world's leading electric utilities in sustainability performance on the global Dow Jones Sustainability World Index (DJSI World) for 2010/11. AGL was the only Australian company to be named among the 13 companies worldwide which make up the DJSI World electric utilities section.
The ACCA is the peak global body for the accounting profession.
AGL is one of Australia's leading integrated energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on over 170 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.