Communities & Relationships
Community contribution by charitable cause
Overall community contributions for FY21 were $5.2 million. During FY21, we made improvements to the way in which we account for community contributions, to provide further alignment with the Business for Societal Impact’s (B4Si) framework, a recognised global standard for measuring and managing social impact. The inclusion of the Energy Literacy Program in the FY21 data (following improvements made to the processes for identifying and gathering social investment data across the organisation) resulted in a significant increase in contributions to the Environment and Education categories. The impact of COVID-19 on community needs has increased contributions to Health and Economic Development. The increase in the Other category reflects the inclusion of management costs including employee salaries and relevant industry association membership fees in FY21.
Data includes the AGL Energy matched component only of donations raised through Employee Giving and fundraising events, not the donations given by employees. Matched amounts are included in the year in which the employee donations were made (even though the matched payment may have been made after the close of the financial year).
AGL utilises the Business 4 Societal Impact (formerly LBG) framework. This framework is a recognised measurement standard that any company can apply to measure and manage their community investment.
From FY18, the LBG model included a classification called 'Emergency relief'. Donations under this category were not measured prior to FY18.
Contributions identified as 'Other' relate to the value of management costs for community facing employees, along with volunteering time taken by employees. Volunteering is undertaken for a range of causes, however the causes are not captured in our data systems.
Prior to FY21, naming rights retail sponsorships were included however from FY21 they are no longer included to provide greater alignment with the B4Si framework.
FY21 data includes management costs in line with B4Si guidance. Management costs have not been included in prior years. In FY21 management costs were approximately $1.6m.
FY21 data includes investments accrued in the financial year.