Our approach to ESG affects not only our operations and the way we carry out our business, but the way in which we finance our business. Pennon’s Sustainable Financing Framework aims to integrate commitments to environmental and social objectives into funding activities.
The group has been awarded the Fair Tax Mark for the seventh year in a row making it the longest water-based business to hold this accreditation. The Fair Tax Mark accreditation scheme is the gold standard of responsible tax conduct. It seeks to encourage and recognise organisations that pay the right amount of corporation tax at the right time and in the right place. Pennon takes its responsibility to transparency and societal contribution seriously which includes ensuring it pays the right amount of tax, in the right way, at the right time and this year received its highest ever score.
Looking ahead to 2030, we have an ESG Target to raise a further £2bn via our Sustainable Financing Framework to help fund our record level investment plans, delivering sustainable outcomes across our operating regions.