Alinta Energy Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Fri, 10 Mar 2023 07:06:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Case study: How Alinta Energy creates economic value for its stakeholders https://sustaincase.com/case-study-how-alinta-energy-creates-economic-value-for-its-stakeholders/ Fri, 10 Mar 2023 07:02:21 +0000 https://ccprowebs.com/new-sustaincase.com/?p=14835 Alinta Energy supplies retail electricity and gas to over 1.07 million customers, with electricity generation, storage and transmission facilities across Australia and New Zealand, employing more than 850 people. This case study is based on the 2020/21 Sustainability Report by Alinta Energy, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract Alinta Energy’s sustained economic health is […]

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]]> Alinta Energy supplies retail electricity and gas to over 1.07 million customers, with electricity generation, storage and transmission facilities across Australia and New Zealand, employing more than 850 people. Alinta Energy directly generates and distributes economic value, which benefits a wide range of stakeholders.  Tweet This!

This case study is based on the 2020/21 Sustainability Report by Alinta Energy, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Alinta Energy’s sustained economic health is important to the stakeholders who receive income from its business, including employees, suppliers, owners and lenders. Its approach to creating economic value is based on efficient operations, accompanied by targeted strategic investments. In order to create economic value for its stakeholders Alinta Energy took action to:

  • create economic value for employees
  • create economic value for suppliers and contractors
  • create economic value for the government/public
  • create economic value for lenders

What are the material issues the company has identified?

In its 2020/21 Sustainability Report Alinta Energy identified a range of material issues, such as energy availability and reliability, employee engagement, training and diversity, climate change and decarbonisation, community support. Among these, creating economic value for its stakeholders stands out as a key material issue for Alinta Energy.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Alinta Energy engages with:

Stakeholder Group
Customers
Employees
Suppliers
Regulators and government
Community groups
Owners
Business partners
Contractors
Media
Lenders and grant providers
Insurers
Auditors
Rating agencies
Industry associations
Non-government organisations
The general public

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Alinta Energy engaged with its stakeholders through, among others, a stakeholder materiality survey, customer surveys, meetings and ombudsman investigations, employee engagement surveys, and meetings with customers, suppliers, owners and lenders.

What actions were taken by Alinta Energy to create economic value for its stakeholders?

In its 2020/21 Sustainability Report Alinta Energy reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In FY21, Alinta Energy paid $ 113 million for employee salaries, wages and benefits.
  • Creating economic value for suppliers and contractors
  • In FY21, Alinta Energy paid $ 2,652 million to suppliers and contractors.
  • Creating economic value for the government/public
  • In FY21, Alinta Energy paid $ 37 million in income tax.
  • Creating economic value for lenders
  • In FY21, Alinta Energy paid $ 51 million to lenders.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

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References:

This case study is based on published information by Alinta Energy, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.alintaenergy.com.au/nsw/about-alinta-energy/sustainability/

Note to Alinta Energy: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

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