The Anglian Water Sustainability Finance Framework supports the financing of water and water recycling projects that demonstrate our environmentally sustainable management of natural resources and land use, as well as adapting to climate change.
In our previous Framework, launched in 2020, the eligible categories reflected our business plan outcomes for the Asset Management Period, 2020-2025, also known as AMP7. For this Framework update, we have introduced a new set of ambitious and bespoke KPIs to align our Sustainable Finance Programme with our long-term ambitions.
We constantly challenge ourselves and our supply chain partners to find new and better ways to deliver our service to customers. Over the years we have invested in schemes to build resilience to flood and drought, enabled sustainable economic and housing growth, improved the ecological quality of catchments, and are working towards becoming a carbon neutral business.
However, delivering on our purpose is becoming increasingly challenging. We are managing water resources in a region that is water scarce, vulnerable and already feeling the impacts of climate change, has many precious environmental sites to protect, a fast-growing population and a sizeable agricultural economy that relies on water to feed the nation. As we head into the near and long-term future, our sector faces unparalleled demand for investment.
Our Business Plan (2025-2030) was submitted to Ofwat in 2023, and outlines our bold ambitions as we face into these challenges. As well as continuing to invest in our customers’ number one priority - safe, clean water, now and in the future - our plan places a large emphasis on protecting and enhancing the environment to deliver broader benefits for nature and communities within the region we serve.
The framework aligns with the ICMA Green Bond Principles 2021 including the updated appendix I of June 2022, the Social Bond Principles June 2023, the Sustainability Bond Guidelines 2021, as published by the International Capital Market Association (“ICMA”) and Loan Market Association’s (“LMA”) Green and Social Loan Principles 2023.