Thames Water - Programme and performance

Reporting standards

Standards and best practice

We continue to refer to best practice guides, such as the Global Reporting Initiative's Sustainability Reporting Guidelines, and in particular to the AA1000 Accountability Principles Standards 2008. You can see in this report how this helps to guide our response to sustainability - how we are inclusive, engaging with our customers and stakeholders, focused on the key material sustainability issues and responsive to those issues affecting our customers and stakeholders.

Materiality

To help us to decide on which issues to report, and with what level of detail, we carried out a 'materiality assessment', looking at the relative importance to our business, our stakeholders and the outside world. All of the material corporate responsibility issues appear in this online report, while the summary version focuses on the most significant subjects. This table shows how we have decided the issues we report on, and where.

Table: business/stakeholder significanceKey: Corporate blue

In our materiality assessment, these issues were considered of high importance to both our business and our stakeholders:

  • Drinking water quality
  • Wastewater network and treatment works compliance
  • Leakage
  • Security of supply/managing supply and demand
  • Financial performance
  • Sewer flooding
  • Affordability/price of water
  • Regulatory performance/legal compliance
  • Climate change mitigation
  • Development of new water resources
Key: Light blue

These issues were considered of high importance to either our business or our stakeholders. For example, the issue of health and safety has a high ranking within Thames Water but is ranked lower by external stakeholders.

  • Corporate governance/business ethics
  • Water efficiency
  • Health and safety
  • Flooding
  • Metering
  • Community investment and education
  • Communicating with customers
  • Customer satisfaction
  • Conservation of natural environment
  • Sewage sludge management/disposal
  • Debt management
  • Supply chain management
  • Employee representation
  • Maintaining heritage sites and buildings
  • Waste management and recycling
Key: Pale blue

These issues were considered of lower importance by both our business and our stakeholders:

  • Odour
  • Training and development
  • Access and recreation
  • Diversity and inclusion
  • Employee satisfaction
  • Environment, conservation and heritage impacts of capital schemes
  • Availability of skilled personnel
  • Third party impacts on our network
  • Contaminated land
  • Pensions provision
  • Air emissions
  • Charitable giving
  • R&D investment
  • Land/ asset disposal
  • Drought
  • River water quality
  • Pension fund investments
  • Transport impacts
  • Internal water consumption
  • Source water control
  • Water pressure
  • Materials consumption
  • Ageing infrastructure outside London
  • Sustainable communities
  • Public health issues
  • Communication with local authorities
  • Social return on investments