30 August 2022
Anglian Water goes green in Canada
Anglian Water issues £225m green bond to fund UK's biggest ever drought resilience project.
Anglian Water has become the first UK company to issue a corporate green bond in the Canadian ‘maple’ bond market. It’s another first in financial history for the water company and its sustainable finance leadership.
The C$350 million bond raised will specifically fund Anglian Water’s Strategic Pipeline Alliance (SPA) which is delivering a brand new network of hundreds of kilometres of large-scale interconnecting pipelines to move water to drier areas of our region, alongside other future resilience projects identified by Anglian Water. SPA is the biggest infrastructure programme in Anglian Water’s history and one of the largest infrastructure projects in the UK. On completion, the outcome will be improved the climate resilience for water supplies across the Anglian region.
Crucially, flexibility in moving water more freely around the region helps improve resilience to droughts and enables the company to reduce abstraction from the environment in water-stressed areas. Reducing abstraction is one of the most important contributions to protecting the environment.
This year’s driest July on record since the 1911 and the driest summer since 1976 highlights the importance of such schemes that ensure resilience to drought for future generations and support customers and businesses, including critical industries such as food production.
Anglian Water’s Group Treasurer, Jane Pilcher, said: “The impacts of climate change are acutely impacting the water industry in the UK, and the world over. Ours is the driest region in the UK and particularly vulnerable to climate change. Therefore reducing our carbon emissions and adapting to the climate emergency is embedded in everything we do. Spend on resilience to climate change and environmental protection is vitally important. This focus is why 100 per cent of our debt raised in 2021/22 was sustainable finance.”
Anglian Water’s capital investment is financed by sustainable debt finance as well as through shareholders, supported by stable regulatory environmental. Jane added: “By holding ourself accountable to the green bond principles we are delivering enhanced environmental and social benefits.
“The Maple bond market is a stable and growing sustainable finance market, so for us it’s presented an opportunity to continue our sustainable financing strategy.”
Anglian recently published its 2022 Sustainable Finance Impact Report consolidating its financial and sustainability performance in one place as part of its Environmental and Social Governance (ESG) commitments – closely linked with its Purpose – recognising that long-term sustainable performance relies on an understanding of the interdependency between financial, social and environmental factors. The report goes beyond just reporting carbon emission reductions and showcases SPA as well as Anglian’s WINEP Environmental Programme to give investors clarity on how their investment is helping bring social and environmental prosperity to the Anglian Water region.
In 2017, Anglian issued the first ever public utility sector Sterling (GBP) Green Bond and last year, it took assurance standards to a new level by becoming the first water company in the world to issue a sustainability-linked bond tied to net zero commitments. This is the eleventh green bond issued by Anglian Water.
In 2021/22 all its debt investment was derived through sustainable finance, enabling the company to save more than 180,000 tonnes of carbon through Green Bond-funded projects, which also improved resilience to climate change, water quality at source, and biodiversity.
14 July 2020
Anglian Water Group Limited results for the year ended 31 March 2020
The annual report and consolidated financial statements of Anglian Water Group Limited for the year ending 31 March 2020 is now available to view and download.
27 March 2020
Stephen Billingham retires from Board of Anglian Water
Next week at the end of AMP6, our Chairman of the last five years, Stephen Billingham, will retire from the Board.
Stephen has steered the Board through the PR19 process, the change to our Articles of Association which embeds purpose within our business, and the recently requested CMA referral.
Stephen said: “It has been great to be part of Anglian. I have been impressed by all of our team who deliver a first class service to our customers. The level of innovation and the desire to be the best is everywhere in our company. I am sure that, as I have seen numerous times before, the current challenges facing the company will bring out the very best in the Anglian team for our customers, the environment and wider society.”
Peter Simpson, Anglian Water CEO, said: “I would like to thank Stephen on behalf of the Company, Board and our shareholders for his service to Anglian. He has led the Board through some challenging and important decisions, always with a concern for the good of all our stakeholders, employees and customers. We all wish him well for the future.”
Current Senior Independent Non-Executive Director, John Hirst will take over as Chairman from April. John first joined the Board in 2016, and is a former Chief Executive of the Met Office.
12 July 2019
Anglian Water Group Limited results for the year ended 31 March 2019
The annual report and consolidated financial statements of Anglian Water Group Limited for the year ending 31 March 2019 is now available to view and download.
17 December 2018
Anglian Water Group Limited results for 6 months ending 30 September 2018
Anglian Water Group Ltd interim results for the 6 months ending 30 September 2018 is now available to view and download.
13 July 2018
Anglian Water Group Limited results for the year ended 31 March 2018
The annual report and consolidated financial statements of Anglian Water Group Limited for the year ending 31 March 2017 is now available to view and download.