Communities & Relationships
Community contribution by contribution type
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 Energy Literacy Program, which accounts for over $980k of the cash contribution, has been included in the FY21 data, following improvements made to the processes for identifying and gathering social investment data across the organisation. The decrease in the contribution from volunteering and Employee Giving is due to the impact of COVID-19, although for the first time in FY21 volunteering leave for Defence Force and Emergency Services has been included. Around $1.6 million of management costs are also included, which have not been accounted for in prior years.
Data includes the AGL Energy matched component only of donations raised through Employee Giving and fundraising events, and not the donations made by employees.
Matched amounts are included in the year in which the employee donations were made (though the matched payment may have been made after the close of the financial year).
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.
In kind contributions from FY21 have been reclassified as cash contributions based on B4Si guidelines.
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.