The table below details how we are performing against our stakeholder and supply chain measures and targets. This demonstrates progress against our Business Principle commitment to deliver good value to our stakeholders and manage our supply chain fairly.

Business Principle Commitment Measure Targets for 2015 Performance 2013/2014
Ensure that we operate as efficiently as possible whilst protecting long term value - the lowest sustainable cost Financing outperformance Total financing outperformance over the 2010-15 period of at least £300m Green LBE>£300m (End of year)
Operating Expenditure outperformance Total opex outperformance over the 2010-15 period of at least £50m Green LBE £50m (End of year)
Capital expenditure outperformance To meet Ofwat's revised capital expenditure allowance for the 2010-15 period Green On track - excludes private sewers and transition investment
Maintain high ethical standards of business conduct and corporate governance and expect the same high standards of our supply chain Value of supplier spend signed up to our sustainable supply chain charter 75% of spend Green 76.85% (end of year 2013/14)
Compliance with the UK Corporate Governance Code Maintain compliance Green Fully Compliant (End of year). We complied fully with the principles and spirit of the code during the year
Retain a robust and sustainable financial profile to provide enduring shareholder value Credit rating A3 (Moody’s) UUW Green A3 (End of year)
Treat all investors fairly whilst providing true and timely disclosures Investor interaction and event calendar Deliver to calendar commitments / approval of key announcements via senior governance review process Green Delivered against calendar
Ensure that our selection of safe goods, services, suppliers, contractors and partners takes into account our approach to responsible business Supplier Relationship Management score 60% Green 47% (End of year)

RAG Performance - Red, Amber, Green

If you would like to send us a comment about this report, please email our Head of Sustainability, Chris Matthews