The Board recognises that effective stakeholder engagement is a key component of good corporate governance and will help to promote long-term, sustainable success and growth.
The Board continues to monitor the effectiveness of the Company’s engagement with its key stakeholders, with a detailed review of our stakeholder “map” now an annual Board activity and one which we undertook ahead of Lynda Shillaw’s appointment in November and which has informed the extensive stakeholder engagement programme she has undertaken since joining the business.
In 2020, we concentrated on embedding stakeholder impact into Board project appraisals. We have updated the project business case templates which are presented to the Board to focus discussions on: how each project supports the delivery of our Purpose and aligns with our strategy; the environmental and societal impact of each project; the impact of each project on our external stakeholder groups; and resourcing for each project.
Read our full stakeholder report: