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At EnergyAustralia we also recognise that diversity
enhances our ability as an organisation to achieve
our goals. To support diversity within our business,
and promote its benefts, in 2012 we created a
diversity framework built on three pillars - age, gender
and individuality. The framework is underpinned
by a Diversity Charter and Diversity Policy that
express our commitment to diversity, and a Diversity
Council, which I chair, whose role is to ensure that
this commitment is applied within our business.
The energy sector faces much political and
regulatory uncertainty. For example, the Federal
election outcome in 2013 will have a major
bearing on carbon policy settings in Australia. The
current Opposition has announced that it would
abolish the current Government's Clean Energy
Future legislation and replace the carbon pricing
scheme with a direct action program. Most State
governments continue to regulate retail prices
and impose non-price regulatory measures that
may result in a failure to develop new gas supply
options in the most effcient and transparent way.
EnergyAustralia has a long and respected history
of dealing with Australian and state governments.
We have established long term relationships built on
mutual trust by offering informed, authoritative and
reasoned policy options and solutions. We provide
an industry view consistent with our sustainability
principles and advocate on a range of public policy
issues, from retail price to gas and electricity market
design and the Renewable Energy Target.
As an enterprise, we understand that we do not
just live in an economy, we live in a community.
That is why it is important we invest in community
programs. When we take decisions on which
community projects to support, we are frmly fxed
on those projects that can make a real difference
to people in their lives. In 2012 we strategically
partnered with local schools, groups addressing
homelessness, sporting clubs and environmental
projects to support local eco-systems.
Our sustainability framework
In 2012, we also commenced a review of our
corporate strategy to ensure we are well prepared
to respond to the challenges described above.
Our revised corporate strategy is supported
by a refreshed sustainability framework.
We have re-aligned our sustainability framework
by assessing market and consumer trends,
and identifying material issues as they relate
to our core business. Through this process we
identifed fve core sustainability themes:
1. Achieving operational effciency – we will
continually strive to operate our resources
at an effcient and effective level.
2. Operating a safe and engaged workforce
– we will offer our staff a safe workplace
and continue to develop and manage
a loyal and engaged workforce.
3. Establishing deep relationships with
customers – we will listen to our customers
and evolve our services and products
to meet our customers' needs.
4. Maintaining our licence to operate – we will
work with the communities in which we operate
and retain their support of our operations.
5. Preparing for the new energy system – we
will keep up with technological changes as
well as infuence and adapt to changing
economic, market and regulatory conditions.
We then integrated these sustainability themes
into our risk framework, which we use to identify
and assess strategic, operational, project and
technology risks that the business may face.
To ensure that our progress in these areas is
not merely aspirational, we identifed a series of
priorities that in turn are supported by specifc
targets. Reporting on the early progress against
these targets is a central purpose of this Report.
Sustainability as a driver of growth
There are no easy solutions to addressing the
risks and opportunities ahead. Our commitment
is that we will not waiver from our sustainability
path. To date, our dedication has stood us in
good stead in dealing with the challenges. We
will continue to push for improvement – to seek
out sustainable progress, to remain accountable
for things we control and to converse with
communities to achieve positive outcomes.
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