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  • New engagement initiative and research on utility company resilience to market transformation

    17 October 2017

    This event is organised by Friends Provident Foundation

    About a ‘Call to Action’ inviting investors to join an initiative to improve ‘big six’ utility company resilience to current and future disruption in the energy market

    Tuesday, 17 October 2017, 11.00 – 13.00 GMT

    The unprecedented scale and pace of change in the UK energy system pose challenges for incumbent electric utility companies. Significantly, this change is now driven at least as much by the economics of energy technologies and the pace of digital and business model innovation, as it is by climate-driven energy policy and regulation. Longevity will require the development of business models that are resilient to this disruption, and consider transitioning to low or zero-carbon generation, supporting flexible and distributed energy and storage, and innovating as part of the changing relationship with customers.

    Friends Provident Foundation is delighted to invite you to the launch of a new report by Influence Map and discussion about an engagement initiative to improve the resilience of the UK’s ‘big six’ electric utilities.

    • Volker Beckers, former Chief Executive of RWE nPower, will explain the rapid and fundamental changes happening within the energy market and risk to incumbents
    • Dylan Tanner, Executive Director of Influence Map, will present a new report that assesses the alignment of ‘big six’ policy intervention with an increasingly decarbonised, decentralised and democratised electricity system

    This will be followed by leading investor and open floor discussion covering identification of target companies and principle investor ‘asks’, engagement to date, and opportunities for collective activity, including appetite for shareholder resolutions.

    Moderated by Rob Lake, Trustee, Friends Provident Foundation

    Our host is BMO Global Asset Management, Exchange House, Primrose Street, London, EC2A 2NY
    Lunch will be provided

    Please RSVP to: colin.baines@friendsprovidentfoundation.org.uk

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