The purpose of this slide deck is to stimulate discussion, and act as a source of reference, on: how best flexibility and uncertainty can be addressed in regulation in the energy and water sectors; and to help ensure that sufficient focus is given to long-term issues in these areas.
This Briefing summarises the latest research from Sustainability First’s major 3-year ‘Fair for the Future’ project. This project has mapped the disruptive landscape of risks and opportunities behind the case for public purpose orientated utilities and set out what companies need to do to move in this direction (including how progress can be measured) and the implications of this for policy and regulation in the energy, water and communications sectors. This Briefing is primarily focused on energy.
Regulation for the future: The implications of public purpose for policy and regulation in utilities
This Report follows extensive in-depth research and analysis into how utilities can better address the politics of fairness and the environment and makes recommendations for rethinking the regulatory system to deliver fairness for people and planet.
In December 2020, Slaughter and May completed a major piece of pro bono work for Sustainability First analysing the extent to which the legal and regulatory frameworks of the energy, water and telecommunications industries create barriers (or facilitate) the pursuit of sustainability initiatives.
Measurement and reporting (‘metrics’) of a companies’ environmental and social footprint are essential tools in creating and leading purposive utility companies that have a sustainable licence to operate.
Developing and Embedding a Sustainable Licence to Operate and a Purposeful Business Approach: A ‘How to’ Guide for Public Utilities.
Background: Sustainability First’s Fair for the Future Project is carrying out significant work on risk and uncertainty in public utilities. This briefing is designed to support companies to deliver better social and environmental outcomes during the corona crisis.
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