Communities & Relationships
Community contribution by charitable cause
Overall community contributions for FY22 were $3.8 million. This represented a 28% reduction as compared with FY21. This reduction in community investment is due to a number of factors including our focus on the proposed demerger over FY22, the Crib Point Jetty Project not proceeding, and lower management costs compared to FY21. The impact of COVID-19 on community needs has increased contributions to Social Welfare. The increase in Emergency Relief is in response to the NSW and Queensland floods and other charitable donations.
Notes
Data includes the AGL matched component only of donations raised through Employee 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).
AGL uses the Business 4 Societal Impact (B4SI formerly LBG) framework for reporting community contributions. This framework is a recognised measurement standard that any company can apply to measure and manage their community investment.
Contributions identified as 'Other' relate to the value of management costs for community facing employees, subscriptions to organisations with a community wide focus like Pride in Diversity (LGBTQ+), Australian Network on Disability, etc.
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.
From FY21, data includes management costs in line with B4SI guidance. Management costs were not included in prior years. In FY22 management costs were approximately $1.1m.