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Agl Energy Limited Business Strategy

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________________________________________ AGL Energy Limited (AGL) has today announced its strategic roadmap to improve return on funds employed (ROFE) and deliver sustainable earnings growth. The strategic roadmap builds on AGL’s strengths, and recognises the challenges and opportunities in the existing business and as the energy industry evolves. The strategy will increase business productivity, drive retail profit growth and position AGL for success as the energy industry transforms. It recognises that an organisational transformation will be required, including the creation of an anticipatory culture and a commitment to an orderly transition to a carbon constrained future. The roadmap builds on AGL’s many strengths, including a strong, …show more content…

Drawing on over 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is taking action toward creating a sustainable energy future for investors, communities and customers. AGL and the Environment AGL has established a set of overarching environmental principles that define how we manage and measure our impact on the environment. In recognition of the effect that electricity generation can have on biodiversity, AGL has a Biomass Policy that states that AGL will not source fuel for power generation from native forest or from crops located in areas cleared of native forest after 1990. AGL's health, safety and environmental (HSE) policy is based on ISO 14001 and assists AGL to proactively manage environmental risks and compliance issues, define environmental responsibilities, and measure and benchmark our environmental performance. Climate

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