Relationships
Community contributions
Total community contributions increased by over 25% in FY24, with increased focus on energy literacy and affordability and supporting our partners who provide financial assistance to those in need in communities where we operate. Volunteering participation increased due to coordinated team volunteering opportunities with our community partners, which made it easier for employees to volunteer. Management costs are lower than in previous years due to a decision to cap management cost inclusions to a maximum of 10%, which is similar practice to our community partners' costs of administering the funds we provide them to support the communities they serve. Workplace giving data includes AGL's matching from 21 May 2024 when our new workplace giving platform went live.
Data includes the AGL matched component only of donations raised through payroll giving and fundraising events, and not the donations made by employees. |
Matched amounts are included in the year in which the employee donations were made (though the matched payment may have been made after the close of the financial year). |
Prior to FY21, naming rights retail sponsorships were included however from FY21 they are no longer included to provide greater alignment with the B4SI framework. |
In kind contributions from FY21 have been reclassified as cash contributions based on B4SI guidelines. |
From FY21, data includes management costs in line with B4SI guidance. Management costs were not included in prior years. |
From FY21, data includes investments accrued in the financial year. |