Positive and negative impact on society
Result of impact measurement
Increase of capital value
Decrease of capital value
Incoming and outgoing cash flows have a positive as well as a negative impact on society (SDG 7, 8, 11).
Payments to suppliers and employees, tax paid, negative cash flows, dividends, interest and repayments are considered to be capital that is invested in society, for a total of € 2,619 million.
Capital raised for the financing of activities, third-party payments, other revenue as well as financial expenses for both business and private customers are considered to be capital that is withdrawn from society.
This category involves our regulated assets and is quantified in the IFRS financial statements (SDG 9).
By investing in digital security, Stedin minimises undesirable data exchanges. As a result, the online security of society improves.
If raised capital is invested in our material assets, the value of these assets increases. This value increase represents capital withdrawn from society.
The value of our assets changes – for example, due to the expected positive impact of smart meters. This value change also applies to society.
The products and services intended for our infrastructure, which Stedin receives from suppliers, increase in value as a result. These products and services cannot be invested in society.
Customer and service provision
Our standard business operations and their design affect the daily lives of our customers (SDG 7, 9, 11, 12).
The availability of energy contributes to the welfare and well-being of private as well as business customers. In this respect, Stedin creates value for society. Stedin creates between € 4,260 and € 5,220 million of value for society.
The products and services intended for the facilitation of gas distribution as well as electricity transmission, which Stedin receives from suppliers, increase in value as a result. These products and services cannot be invested in society. Stedin withdraws between €1.900 and €2.300 million in value from society.
Our social capital is defined by how the public values Stedin and our activities.
Improving the reputation of Stedin Group increases customer satisfaction, reduces recruitment costs and creates new opportunities for cooperation. This increases our potential to create long-term value for society.
Leaking privacy-sensitive data has a negative social impact and results in loss of value.
Employees and intellectual capital
Stedin affects the well-being of its employees both positively and negatively. We also create capital by investing in knowledge development (SDG 8, 11).
Having a job positively affects the well-being of the relevant employee. As an employer, we contribute between €40 and €50 million to the well-being of our employees, and hence to society.
Work-related absenteeism and accidents reduce the well-being of the people involved, as do safety incidents. We cause these situations as an employer and consequently decrease well-being in society. The resulting value is up to €1 million.
Stedin actively invests in knowledge development for future grid management. This approach raises the value of our immaterial assets, creates new market models/platforms and improves/increases data processing. Its application creates value for us and for society.
All employees devote time to their job. The total value of this time is between €35 and €45 million. Since this time cannot be spent elsewhere, we withdraw its value from society as an employer.
Climate, nature and environment
Our normal business operations affect the climate, nature and the environment (SDG 12, 13).
In 2020, our normal business operations emitted 229 Ktonnes of CO2, which has a negative impact on the climate, nature, the environment and hence society.
As we are unable to recycle 100% of the materials used, the resulting waste causes ecological damage.