Shareholders and Investors
As a major energy network company, we have an important function in Dutch society. Consequently, our social, financial and sustainability performance plays a significant role in the considerations of shareholders and investors. And having a sound financial position enables us to perform accordingly.
Our civil-society and financial stakeholders have identified the following themes as being of material importance to them (the figures correspond to the position in the materiality matrix):
corporate social responsibility in the supply chain ⑩
responsible investment policy ⑪
Objectives and results relevant to shareholders and investors
Rating
To retain a solid A rating profile
S&P AA-/A-1+/stable outlook
Moody’ s Aa2/P-1/stable outlook
Moody’ s Aa2/P-1/stable outlook
CO2 emissions from business operations 1
333
kt max
288
kt
416
kt
in 2017
Circularity 2
10.0
%
16.5
%
6.0
%
in 2017
FFO/Net debt
>
20.0
%
32.2
%
27.4
%
in 2017
Interest cover
>
3.5
12.9
10.2
in 2017
Net debt
<
60.0
%
33.8
%
34.4
%
in 2017
Solvency ratio
>
30.0
%
57.3
%
56.7
%
in 2017
- 1 For 2018, CO2 emissions have been calculated using a new method. The new method has a lower coefficient for grid loss purchases from EDF and DONG. Originally, this coefficient was not known, and an average (trading mix) was assumed. For 2017, a comparable figure has been included, calculated according to the new method.
- 2 The KPI is measured by calculating an overall KPI score for the four largest asset groups procured based on a weighted average of the amount in kilograms purchased per category.