WEL Networks Sustainability Statement 2022
WEL Networks (WEL) is an electricity distribution business fully community owned by the WEL Energy Trust.
The Management and Board of WEL Networks are committed to running the business in a way that is sustainable and embraces the principles of corporate social responsibility because this is the right thing to do for our staff, our community, our shareholder and our environment.
The wellbeing of our staff and of our community is of utmost importance to us. We demonstrate this through ensuring strong safety performance, being a good employer and providing reliable and low cost electricity to our community.
Throughout its operations, WEL strives to be an environmentally responsible organisation. This year we have continued to deliver sustainability initiatives addressing our social and environmental responsibilities within our community.
We’ve enhanced our Company vision statement to align with our overarching E3 Strategy, in particular our focus on sustainability. Our Vision statement has become: To create and support an innovative and sustainable energy future.
Strategic Activity Areas
We remain committed to four of the United Nations’ Sustainable Development Goals (SDGs) where we can make the most impact and generate the most synergy with our strategic direction. In this way we believe we will add the greatest value and have the largest impact on business performance. Our alignment with the SDGs helps us achieve a vision that encompasses being:
- An employer of choice that embraces diversity and where employees are valued and treated well, ensuring that the attraction and retention of staff does not become an obstacle to running a successful business
- An ethical, values-based business that recognises our community as a key stakeholder and implements aspects of the strategy to explicitly support the community, particularly those suffering energy hardship
- A sought after commercial partner, recognised for our network resilience and our innovation in steering the community into the future, embracing new ways of managing the changing energy market while providing customer centric and resilient solutions.
The following strategic activity areas support our Company values and are directly related to the activities encompassed in our strategic plan.