Centrica PLC 2017 AR2
The report highlights Centrica's performance and strategic repositioning during the fiscal year 2017. The company completed the first phase of its portfolio simplification, establishing three core divisions: Centrica Consumer, Centrica Business, and Exploration & Production. Notably, Centrica delivered its £750 million per annum cost efficiency programme three years ahead of schedule and launched Spirit Energy, a joint venture with Bayerngas Norge. Despite these strategic milestones, the company faced financial challenges, particularly in its North American and UK Business operations, resulting in a 17% decline in adjusted operating profit to £1,252 million. On the sustainability front, Centrica achieved a 19% reduction in total carbon emissions and successfully installed its five-millionth smart meter in the UK.
Company: Centrica PLC
Sector: Energy utilities
Country: United Kingdom
Year: 2017
Type: AR2
Pages: 224
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Centrica PLC
Annual Report And Accounts
The report highlights Centrica's performance and strategic repositioning during the fiscal year 2017. The company completed the first phase of its portfolio simplification, establishing three core divisions: Centrica Consumer, Centrica Business, and Exploration & Production. Notably, Centrica delivered its £750 million per annum cost efficiency programme three years ahead of schedule and launched Spirit Energy, a joint venture with Bayerngas Norge. Despite these strategic milestones, the company faced financial challenges, particularly in its North American and UK Business operations, resulting in a 17% decline in adjusted operating profit to £1,252 million. On the sustainability front, Centrica achieved a 19% reduction in total carbon emissions and successfully installed its five-millionth smart meter in the UK.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Women on Board
Women in Management
Workplace Fatalities
Employees