National Grid PLC Responsible Business Report 21/22:Investor Webinar (3795Q)
June 28 2022 - 2:00AM
UK Regulatory
TIDMNG.
RNS Number : 3795Q
National Grid PLC
28 June 2022
28 June 2022
Responsible Business Report 21/22: ESG Investor Webinar
John Pettigrew, Chief Executive, will today present the key
highlights from our Responsible Business Report 21/22 published on
7 June 2022.
Following presentation of the highlights for the year, he will
be joined by Duncan Burt, Chief Sustainability Officer for a
Q&A session to answer investors queries.
The event will provide an overview of our responsible business
performance and evidence the steps the Group is taking to ensure a
clean, fair and affordable energy future.
Please register here to join us virtually for today's webinar,
which will begin at 14.00 (BST).
To submit questions ahead of and during the webinar, please use
the 'Ask a question' tab at the bottom of the webcast platform here
.
No material updates on current trading will be provided.
All materials, including slides and the video recording, will be
made available on the National Grid Investor Relations website
following the webinar.
CONTACTS
Event support
Please email: webcastsupport@wtvglobal.com
National Grid
Investors and Analysts
+44 (0) 7814 355
Nick Ashworth 590
+44 (0) 7825 351
Angela Broad 918
+44 (0) 7970 778
James Flanagan 952
+44 (0) 7899 928
Jonathan Clay 247
CAUTIONARY STATEMENT
This announcement contains certain statements that are neither
reported financial results nor other historical information. These
statements are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements include information with respect to National Grid's (the
Company) financial condition, its results of operations and
businesses, strategy, plans and objectives. Words such as 'aims',
'anticipates', 'expects', 'should', 'intends', 'plans', 'believes',
'outlook', 'seeks', 'estimates', 'targets', 'may', 'will',
'continue', 'project' and similar expressions, as well as
statements in the future tense, identify forward-looking
statements. This document also references climate-related targets
and climate-related risks which differ from conventional financial
risks in that they are complex, novel and tend to involve
projection over long term scenarios which are subject to
significant uncertainty and change. These forward-looking
statements are not guarantees of National Grid's future performance
and are subject to assumptions, risks and uncertainties that could
cause actual future results to differ materially from those
expressed in or implied by such forward-looking statements or
targets. Many of these assumptions, risks and uncertainties relate
to factors that are beyond National Grid's ability to control,
predict or estimate precisely, such as changes in laws or
regulations, including any arising as a result of the United
Kingdom's exit from the European Union, announcements from and
decisions by governmental bodies or regulators, including those
relating to the RIIO-T2 and RIIO-ED2 price controls; the timing of
construction and delivery by third parties of new generation
projects requiring connection; breaches of, or changes in,
environmental, climate change and health and safety laws or
regulations, including breaches or other incidents arising from the
potentially harmful nature of its activities; network failure or
interruption (including any that result in safety and/or
environmental events), the inability to carry out critical non
network operations and damage to infrastructure, due to adverse
weather conditions including the impact of major storms as well as
the results of climate change, due to counterparties being unable
to deliver physical commodities, or due to the failure of or
unauthorised access to or deliberate breaches of National Grid's IT
systems and supporting technology; failure to adequately forecast
and respond to disruptions in energy supply; performance against
regulatory targets and standards and against National Grid's peers
with the aim of delivering stakeholder expectations regarding costs
and efficiency savings, as well as against targets and standards
designed to deliver net zero; and customers and counterparties
(including financial institutions) failing to perform their
obligations to the Company. Other factors that could cause actual
results to differ materially from those described in this
announcement include fluctuations in exchange rates, interest rates
and commodity price indices; restrictions and conditions (including
filing requirements) in National Grid's borrowing and debt
arrangements, funding costs and access to financing; regulatory
requirements for the Company to maintain financial resources in
certain parts of its business and restrictions on some
subsidiaries' transactions such as paying dividends, lending or
levying charges; the delayed timing of recoveries and payments in
National Grid's regulated businesses, including as a result of the
COVID-19 pandemic, and whether aspects of its activities are
contestable; the funding requirements and performance of National
Grid's pension schemes and other post-retirement benefit schemes;
the failure to attract, develop and retain employees with the
necessary competencies, including leadership and business
capabilities, and any significant disputes arising with National
Grid's employees or the breach of laws or regulations by its
employees; the failure to respond to market developments, including
competition for onshore transmission; the threats and opportunities
presented by emerging technology; the failure by the Company to
respond to, or meet its own commitments as a leader in relation to,
climate change development activities relating to energy
transition, including the integration of distributed energy
resources; and the need to grow the Company's business to deliver
its strategy, as well as incorrect or unforeseen assumptions or
conclusions (including unanticipated costs and liabilities)
relating to business development activity, including the
integration of WPD, and the sale of a 60% stake in its UK gas
transmission and metering business. For further details regarding
these and other assumptions, risks and uncertainties that may
impact National Grid, please read the Strategic Report section and
the 'Risk factors' on pages 253 to 256 of National Grid's most
recent Annual Report and Accounts. In addition, new factors emerge
from time to time and National Grid cannot assess the potential
impact of any such factor on its activities or the extent to which
any factor, or combination of factors, may cause actual future
results to differ materially from those contained in any
forward-looking statement. Except as may be required by law or
regulation, the Company undertakes no obligation to update any of
its forward-looking statements, which speak only as of the date of
this announcement.
This information is provided by RNS, the news service of the
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