Picture of National Grid logo

NG. National Grid News Story

0.000.00%
gb flag iconLast trade - 00:00
UtilitiesConservativeLarge CapNeutral

REG - National Grid PLC - Responsible Business Report 21/22:Investor Webinar

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220628:nRSb3795Qa&default-theme=true

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
(https://streamstudio.world-television.com/786-1014-32720/en) 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
(https://streamstudio.world-television.com/786-1014-32720/en) .

 

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
(https://www.nationalgrid.com/investors) following the webinar.

 

 

CONTACTS

 

Event support

 

Please email: webcastsupport@wtvglobal.com
(mailto:webcastsupport@wtvglobal.com)

 

National Grid

Investors and Analysts

 

 Nick Ashworth   +44 (0) 7814 355 590
 Angela Broad    +44 (0) 7825 351 918
 James Flanagan  +44 (0) 7970 778 952
 Jonathan Clay   +44 (0) 7899 928 247

 

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 London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCDZGZVZNLGZZZ

Recent news on National Grid

See all news