Building new value from National Grid’s landholdings

In the lead-up to this year’s Chairman’s Awards ceremony in London on 23 June, we’re interviewing our finalists to hear about their projects and what it means to reach the final.

The awards recognise and celebrate the efforts of employees who have gone above and beyond their day jobs.

The Environment category recognises employees for best practices or behaviours that have improved the environmental impact from our activities or promoting and supporting good environmental behaviour. Our second Environment finalist is from UK Shared Services and SSR with ‘Natural Capital – building new value from National Grid’s landholdings’.

Chris Plester, Environmental Sustainability Advisor, Safety, Sustainability and Resilience (SSR)

What can you tell us about your project?

natural-capitalFor the first time, our Natural Capital approach allows us to value the land around our UK sites by recognising the benefits our natural environment brings, such as pollution control, flood prevention and visual screening. Using real financial values, we present a number of future scenarios to decide how we can best develop our land with stakeholders, communities and wildlife groups. By doing this we are able to enhance the value of our natural environment, preserve it for future generations and build on stakeholder relationships in the communities which we operate in.

This is something we believe is not only the right thing to do, but makes good business sense.

What does it mean to reach the final of the Chairman’s Awards?

To be recognised as doing something more, above and beyond the norm is great. For our Natural Capital approach to be a finalist in this year awards is really exciting and reinforces National Grid’s commitment to embedding sustainability into our decision making – it is a great platform to build on.

It’s a wonderful sense of achievement and pride but also very humbling, after all we are benefiting and enhance our environment for future generations.

What are you most looking forward to about the ceremony in London on 23 June?

We are really looking forward to meeting with other finalists, finding out a bit more about their projects, what they have done, how they have done it, any issues and benefits and how we can learn from these.

It’s also a great opportunity for us to talk with others both from the UK and US business about our Natural Capital approach, to gather more internal support and awareness and identify new opportunities to apply the approach across different parts of the business.

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