Anglian Water becomes first water company to embed public interest at its core

9th August 2019

Following on from Water UK’s Public Interest Commitment https://www.water.org.uk/publication/public-interest-commitment/ in which water company CEOs agreed to look at enshrining what it means to operate in the wider public interest, Anglian Water are embedding public interest at its core. They are the first water company to press ahead, in this case to commit to changing their articles of association to create a legally-binding duty on their directors to consider the social and environmental outcomes they deliver as well as their financial performance. This will form part of a wider social contract that Anglian Water have begun to discuss with their customers and employees. They plan to announce the formal change and the details of the social contract in September.

Anglian Water will be the first utility to do this, and perhaps become the biggest ‘public purpose’ company in the UK. They think this approach could be applied much more widely, not just by water companies but by other sectors too, to deliver the benefits of private sector investment and efficiency within a legally-binding public purpose framework.

To view the Media release from Anglian Water please click here.

If you would like any further information please contact Alex Plant at aPlant2@anglianwater.co.uk or Daniel Johns at dJohns2@anglianwater.co.uk
 

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