TIDMSVT
RNS Number : 4722S
Severn Trent PLC
14 July 2022
Severn Trent Plc confirms third year of 4-star EPA status
We confirm today that we have been awarded 4-star Environmental
Performance Assessment ('EPA') status by the Environment Agency for
the third year running, reflecting our long-standing commitment to
the environment. We are one of three companies to be awarded the
highest rating on environmental performance.
The EPA is a tool for comparing performance between water
companies and includes six key metrics:
1. Discharge permit compliance
This measure reflects the performance of site compliance with
numeric discharge permit conditions. We have achieved green status
for the third consecutive year on this metric in 2021, as our teams
continue to prioritise compliance through our unique "communication
cell" approach, which underpins our performance culture.
2. Pollution incidents
For the second consecutive year we have achieved green status on
this measure, close to our best-ever performance (achieved in
2020). We are making good progress with our plan to reduce
pollutions by 50% by 2025, from a 2020 baseline. We are rolling out
40,000 sewer sensors across our network this AMP and using data
analytics to identify and fix problems before they cause a
pollution.
3. Serious pollution incidents
We have made significant progress in our performance since 2018
and in both 2019 and 2020 we achieved green status. While our
performance remains ahead of the sector average, we are
disappointed to achieve amber status on this metric in 2021. It is
a key area of focus for us and at the halfway point of 2022 there
have been zero confirmed serious pollution incidents, which we are
working hard to maintain.
4. Self-reporting of pollution incidents
This measures the percentage of category 1 to 3 pollution
incidents self-reported by a water company. We have seen a year-on
year improvement from 2020 to 2021, meeting the 90% threshold at
pumping stations and sewage treatment works and hitting green for
total self-reported pollutions. For the last four years our metric
has been green. We expect to maintain this as we introduce more
extensive monitoring on our network and fully deploy our new River
Rangers team.
5. Supply Demand Balance Index
This metric assesses how the actual supply demand balance has
performed compared to what is set out in a water company's Water
Resources Management Plan. For 2021 this is a new measure and we
were pleased to be assessed as green.
6. Water Industry National Environment Programme (WINEP)
This metric relates to the delivery of investment required to
ensure we meet tightening environmental standards. In FY22 we
delivered over 900 WINEP schemes, of which over 300 counted towards
our EPA, achieving 100% and green status. Our WINEP programme is a
vital component of our Get River Positive plan, in particular our
commitments to reduce the average number of spills to 20 by 2025,
and zero RNAGs (Reasons for Not Achieving Good ecological status)
from our operations by 2030.
Liv Garfield, Chief Executive, Severn Trent Plc, said:
"The environment is at the heart of everything we do and we're
pleased to have again been recognised as a leading performer in the
sector, achieving the Environment Agency's highest four-star rating
for the third year running. That said we are not complacent, and we
know there is more to do. Whether it's our Get River Positive
pledges, creating bathing quality stretches of river or introducing
lost species, we are continuing to work hard to enhance nature
across our region. We're focussed on continually improving our
performance and preserving our region's most precious natural
resource for the benefit of our customers and communities."
Enquiries
Investors & Analysts
Rachel Martin Severn Trent Plc +44 (0) 7824 624 011
Head of Investor Relations
Dominique Mowle Severn Trent Plc +44 (0) 7967 767 079
Investor Relations
Manager
Media
Jonathan Sibun Tulchan Communications +44 (0) 207 353 4200
Press Office Severn Trent Plc +44 (0) 247 771 5640
Cautionary statement regarding forward-looking statements
This document contains statements that are, or may be deemed to
be, 'forward-looking statements' with respect to Severn Trent's
financial condition, results of operations and business and certain
of Severn Trent's plans and objectives with respect to these
items.
Forward-looking statements are sometimes, but not always,
identified by their use of a date in the future or such words as
'anticipates', 'aims', 'due', 'could', 'may', 'will', 'would',
'should', 'expects', 'believes', 'intends', 'plans', 'projects',
'potential', 'reasonably possible', 'targets', 'goal', 'estimates'
or words with a similar meaning, and, in each case, their negative
or other variations or comparable terminology. Any forward-looking
statements in this document are based on Severn Trent's current
expectations and, by their very nature, forward-looking statements
are inherently unpredictable, speculative and involve risk and
uncertainty because they relate to events and depend on
circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future
performance and no assurances can be given that the forward-looking
statements in this document will be realised. There are a number of
factors, many of which are beyond Severn Trent's control, that
could cause actual results, performance and developments to differ
materially from those expressed or implied by these forward-looking
statements. These factors include, but are not limited to: the
Principal Risks and uncertainties detailed in this document; the
Principal Risks disclosed in our latest Annual Report and Accounts
(which have not been updated since the date of its publication);
changes in the economies and markets in which the Group operates;
changes in the regulatory and competition frameworks in which the
Group operates; the impact of legal or other proceedings against or
which affect the Group; and changes in interest and exchange
rates.
All written or verbal forward-looking statements, made in this
document or made subsequently, which are attributable to Severn
Trent or any other member of the Group or persons acting on their
behalf are expressly qualified in their entirety by the factors
referred to above. No assurances can be given that the
forward-looking statements in this document will be realised. This
document speaks as at the date of publication. Save as required by
applicable laws and regulations, Severn Trent does not intend to
update any forward-looking statements and does not undertake any
obligation to do so. Past performance of securities of Severn Trent
Plc cannot be relied upon as a guide to the future performance of
securities of Severn Trent Plc.
Nothing in this document should be regarded as a profits
forecast.
This document is not an offer to sell, exchange or transfer any
securities of Severn Trent Plc or any of its subsidiaries and is
not soliciting an offer to purchase, exchange or transfer such
securities in any jurisdiction. Securities may not be offered, sold
or transferred in the United States absent registration or an
applicable exemption from the registration requirements of the US
Securities Act of 1933 (as amended).
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END
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