Communicating integrated thinking finalists 2019

ABN AMRO Group N.V., (The Netherlands) 

Summary of entry 
ABN AMRO, a Dutch bank, believes integrated thinking and integrated reporting lead to better decision-making, which ultimately leads to long-term value creation. In its Integrated Annual Review and Impact Report, it describes how it creates value for stakeholders and that financial information and non-financial information both play a part in the decision-making process. This is an important incentive for ABN AMRO to encourage further integrated ways of thinking. ABN AMRO is the first bank in the world to publish an Impact Report. 

Judges’ comments 
ABN AMRO’s core strategy refresh puts its clients’ sustainability transition at its heart. Their sleek ‘core and more’ approach puts the Integrated Review at the centre of its communications suite. 

Severn Trent Plc, (UK) 

Summary of entry 
Over the last two years, Severn Trent – one of the 10 regulated water and sewerage companies in England and Wales – renewed its focus on its social purpose, which has driven both change in its business decisions and how it communicates what it does. The response it has received has been very positive: its business plan was one of only three awarded ‘fast-track status’ – a vote of confidence from Ofwat, its economic regulator; it has been named a pathfinder company with the Purposeful Company Taskforce; and as its CFO James Bowling notes: ‘By focussing in on our social purpose in our communications we’ve sparked the interest of many new ESG-focussed investors’.

Judges’ comments 
The judges were particularly impressed with the social purpose that Severn Trent has embraced. The suite of communications clearly articulates their commitment to this, and also provides examples of how integrated thinking has been embedded.

Tideway, (UK) 

Summary of entry 
The Thames Tideway Tunnel will be a major new sewer in London, which is urgently needed to protect the tidal River Thames from pollution. It is being delivered by Tideway, an independent regulated company. Tideway aligned the financing of the project to the company’s significant sustainability commitments by approving a green bond strategy. It then published a Green Bond Framework and issued six green bonds for a total of £775m. Treasury spearheaded a green finance communication strategy to attract and retain investors and worked with the sustainability department to align the framework and reporting with the relevant UN Sustainable Development Goals. 

Judges’ comments 
The Tideway team presented a really significant sustainability project with true legacy impact. Tideway’s comprehensive communications support their green bond commitments and their infectious enthusiasm is reflected throughout. 

Yorkshire Water, (UK) 

Summary of entry 
The Six Capitals approach launched in 2017 has enabled Yorkshire Water – one of the 10 regulated water and sewerage companies in England and Wales − to align its integrated and impact-driven decision-making framework with its financing. This created a Sustainable Finance Framework from which the company’s future financing requirements will be raised and labelled as sustainable. 
The Framework showcases to investors its embedded integrated approach, and how Yorkshire Water will use it to report the total impact of the business to all stakeholders. The Yorkshire Water Investors Presentation 2019 is the medium it used to communicate the Framework to investors when raising the first sustainability bond from a UK company. 

Judges’ comments 
The judging panel was particularly impressed with how Yorkshire Water used its Six Capitals Framework to successfully raise finance through their sustainability bond. The power of the Six Capitals approach is demonstrated through all communications and will sit at the heart of the forthcoming Impact Report.