Pillar 2
Protecting our environment
Positively impact the communities & islands we serve
Targets
Implement our Sustainability Framework (to international standards) by 2024 to drive continual improvement in our environmental and social performance
Number of CSR initiatives supported by IEG which contribute to achieving our UN Sustainable Development Goals on each island
Performance measures
tCO2e removed by local initiatives which IEG has funded
Protecting our local
environment & giving back
to our local community
As part of this Goal, IEG shall continue to identify local initiatives which shall offer environmental and social benefits to our three islands, now and for future generations. We are currently supporting the development of a ‘carbon insetting’ initiative which works with local landowners in Guernsey, Jersey, and the Isle of Man, to provide access to the education, products and services required to transition to regenerative farming and land management, which in turn shall increase the natural capital value of our soil, including the amount of carbon stored. This initiative in turn supports our local communities in many ways including: improved food nutrient density, reduced negative effects of climate change, water and food security. In supporting initiatives such as this, IEG can make a meaningful contribution to net zero on our Islands.
Sustainability Framework
We shall use internationally recognised guidelines and align and monitor our environmental and social performance against international guidelines (UN SDG, UNGC, OECD), implement a sustainable procurement Code of Conduct and implement a Sustainability Framework and annual performance reporting on ESG. Periodic ESG materiality assessments to ensure we focus on ESG topics that are important to IEG and our stakeholders.
Sustainable Development Goals (UN SDGs)
The UN SDGs were set up in 2015 by the United Nations as a universal call to protect the planet and society and are intended to be achieved by 2030. At IEG we recognise that every business needs to play its part to support the UN SDGs, and at the same time demonstrate progress against our Net Zero and wider ESG commitments. As part of the development of this Pillar, we mapped the 17 SDGs along the axes of their relative importance to our stakeholders and the relative significance to our new business strategy. The work identified six that were of highest priority to IEG. Each of which we have assigned internal actions to support our contribution to meeting the global UN SDGs. Using our Sustainability Framework, we shall report against our progress against these actions under this pillar – which encompasses the actions we do to reduce our environmental and social impact locally and across our supply chain.
We have introduced our new Together We Can Fund, supporting local individuals and charities accomplish environmental & community focused project and initiatives, helping to build a more sustainable future.
Our Other pillars
PILLAR 1
Climate Action &
Carbon Reporting
Set science based targets and measure, manage and reduce our emissions to Net Zero.
PILLAR 3
New energy
management
products & services
Support our customers to manage their energy and costs, and play a vital part in the energy transition.
PILLAR 4
Cleaner,
greener energy
Transition the energy we supply to lower carbon alternatives.