Sustainability

ESG at Energia Group A long term commitment

Read the Responsible Business Report 23/24

Our Values

Our mission is simple; to provide our customers with innovative technology-enabled solutions that will make their lives easier while contributing strongly to decarbonisation. The goals that underpins the work we do are key. We are Trustworthy, Dynamic, Resourceful and Community Focused.

Our Purpose

We are committed to providing affordable, reliable and clean energy to homes and businesses. We have an ambitious €3 billion positive energy investment plan and we are building innovative wind and solar renewable energy projects whilst also providing critical generation to ensure energy security and to support the energy transition.

Energia Group is a modern and innovative energy company focused on playing a significant part in the achievement of the energy transition on the island of Ireland through the Group’s renewables, flexible generation and customer solutions businesses.

We consider our Environmental, Social and Governance (ESG) commitment a vital component of how we do business now and how we will do business into the future. We are committed to integrating ESG across our business activities.

Strong ESG governance will ensure that we continue to build a responsible and resilient business. We will continue to monitor the effectiveness of our ESG governance approach as we continue on our journey to integrate ESG across our business.

We are committed to acting responsibly in relation to our employees, our customers and communities and we are proud to be one of only 41 companies in Ireland to have been awarded the Business Working Responsibly Mark by Business in the Community.

As a leading energy provider and infrastructure investor Energia Group currently supplies approximately 17% of the island of Ireland’s total electricity requirements and is responsible for approximately 21% of wind power capacity installed on the island. The Group supplies over 800,000 homes and businesses across the island of Ireland with electricity and gas, through our retail brands Energia and Power NI.

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Stakeholder Engagement and Materiality Assessment

Stakeholder Engagement

We understand how important our stakeholder views are. As a Group, we engage with a broad range of internal and external stakeholders including; our employees, commercial and residential customers, communities, regulators, industry groups, investors, non-governmental organisations, academia; rating agencies and other organisations that affect, or could be affected by, our activities and services.

Materiality Assessment

An important element of our ESG strategy is to understand the issues that are perceived to be most important or material to our stakeholders. In 2022 we conducted our first Materiality Assessment for ESG related matters seeking the views of our internal and external stakeholders.

The results of this assessment have informed our overall ESG approach and are summarised in Energia Group’s Materiality Matrix.

In line with our overall ESG approach, we will continue to refine our stakeholder and materiality approach in 2023 and our materiality matrix will be revised based on our continued engagement with key stakeholders and consideration of emerging challenges with a consistent focus on delivering our ESG Strategy.

In 2023, we extended our Materiality Assessment approach to include detailed stakeholder interviews to garner greater insights into the views of our stakeholders. Our approach to materiality will be regularly reviewed and our materiality matrix will be revised based on our continued engagement with key stakeholders and consideration of emerging challenges with a consistent focus on delivering our ESG Strategy.

Materiality Matrix

Overall the results indicate that our stakeholders view a range of Environmental, Social and Governance factors as being important to Energia Group. Half of the issues identified as most important are specific environmental factors. Some of the other issues identified are relevant to our decarbonisiation activities (e.g. community engagement) and there is also an important focus on health and safety and governance.

Materiality Matrix

Find out more detail on what the top 10 ESG issues are and where they are positioned in relation to each other on the scatter plot graph from our study.

View the Full Materiality Matrix

UN Sustainable Development Goals (SDGs)

Environmental, Social and Governance (ESG) matters are important to Energia Group as a business, to our employees, to the communities we serve and to our investors as well as a broad range of stakeholders. Whilst we are at the early stages of our ESG journey we consider our ESG commitment a vital component of how we do business now and how we will do business into the future. We are committed to embedding ESG considerations across our business and into our decision-making processes.

The 2030 Agenda for Sustainable Development, adopted by all United Nations Member States in 2015, provides a shared roadmap for governments, businesses and society to work together to address a multitude of global challenges including the climate crisis for people and the planet, now and into the future.

There are 17 UN SDGs and whilst Energia Group contributes to many of the SDGs, we have identified 5 which we believe our purpose aligns closest to;

SDG 13 Climate Action;
SDG 7 Affordable & Clean Energy;
SDG 8 Decent Work & Economic Growth;
SDG 9 Industry, Innovation & Infrastructure;
SDG 11 Sustainable Cities & Communities.
SDG 5 Gender Equality.

We believe that by aligning our activities to the broader global efforts to deliver the SDGs we are demonstrating our commitment to the communities in which we operate and serve, our employees and to climate action.

Select each SDG is in the slider panel below to find out more.