Goal: AGL aims to deliver growth in total shareholder returns and enhance the quality of earnings through sound risk management and diversification of earnings streams.
Performance against commitments made in 2006/07 Sustainability Report.
2006/07 Sustainability Report Commitment |
Comment |
Achieved |
|---|---|---|
Actively pursue further electricity generation and upstream gas production options |
AGL successfully completed the acquisition of the Torrens Island Power Station and secured long-term dispatch rights over two gas fired power stations in Queensland. AGL also pursued a range of upstream gas production and transportation options including expanding its joint venture interests in the Bowen Basin. |
Yes |
Continue to consider the implications of potential future carbon pricing on all significant capital investment decisions |
AGL continues to focus on the implications of future carbon pricing on investment decisions. Reflecting this is our commitment to investing in a number of new renewable energy projects (eg. Hallett (Stage 2) and Hallett (Stage 3) Wind farms). |
Yes |
Implement the Phoenix change program to deliver long term and significant operating cost reductions |
AGL continues to implement its comprehensive four year program to rebuild our retail business capability, which has realised costs savings of approximately A$25 million p.a. to date. Further cost reductions are expected once the Phoenix change program is finalised. |
Yes |
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