Our approach to sustainability
We are committed to managing our business sustainably for today and for the future, by creating long-term, sharedvalue for our customers, our people and our community. Our approach to sustainability is built around three connected areas of focus for AMP: our customers, our people and our community. We understand that responsible and ethical behaviour and activity directed towards each of these important areas can positively impact the sustainability of the others.
We are focused on finding better ways of working to deliver the best outcomes for our people and our customers, reducing our environmental footprint now and into the future, governing fairly with the right expertise, returning value to our shareholders and investing in the community. By anticipating and responding to issues that may impact the future prosperity of our communities, we believe we help create a better tomorrow.
AMP 2017 towards sustainability report
The towards sustainability report builds on the extensive reporting that has been previously included in AMP community reports.
The report provides an aggregated view of our sustainability issues and management approach, this consolidated report also builds on our responses to the Carbon Disclosure Project (CDP), the Global Real Estate Sustainability Benchmark (GRESB), and AMP Capital’s reporting as signatory of the UN-backed Principles for Responsible Investment (UNPRI).
The purpose of this report is to inform our stakeholders about how we monitor and manage the risks and opportunities associated with our material sustainability issues, and to provide a snapshot of ouractivity in each area.
The report forms part of our annual reporting suite, and is complemented by the financial disclosures in our 2017 annual report and by the governance and risk management disclosures in our corporate governance statement. We also release an annual tax report, which is available on the AMP shareholder centre.
The scope covers AMP’s operations globally and over which we have control for the 2017 calendar year. The entities that are within AMP Limited’s organisational operational control boundary are AMP Services, AMP Capital Investors and their subsidiaries, as well as the AMP Foundation.
Our progress towards a sustainable future
We have long been engaged in sustainability, through reducing our environmental footprint as an organisation, improving our organisation’s gender diversity, contributing to the community through our AMP Foundation and undertaking responsible investment in AMP Capital. We have been recognised for our environmental, social and governance practices through inclusion in the FTSE4Good Index Series. In order to consolidate the progress made to date and set a path for the future, we are on a journey to strengthen our sustainability strategy, governance and reporting processes. In the coming year we are looking to:
- continue to integrate sustainability in AMP’s overall strategy, by shifting from a product and distribution businessto a customer-led organisation
- expand on the materiality process undertaken in 2017 to obtain more feedback from stakeholders
- develop robust indicators and targets for expected performance (for select material sustainability topics)
- identify how we can implement the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) within the context of our existing approach to climate risk and report on the outcomes.
For further information read the 2017 towards sustainability report.