Annual Report 2017

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Responding to a changing world

Navigating
uncertainty
 

External Context:

Impact of Brexit

Brexit will have an effect on the wider Irish economy and all Irish businesses exporting to the UK. The potential long-term weakness in sterling combined with restrictions on movement of goods and services and potential border controls and tariffs could have significant impacts on the Company.

Response:

Investment in acquisition of White Moss which will help to minimise Brexit effect and secure Irish jobs.

Transforming
energy
 

External Context:

Climate change and mitigation plan

Existing climate change targets will become more stringent over time.

Response:

Biomass: One of the largest logistics and supply infrastructural projects ever undertaken in Ireland.

Solar partnership with ESB.

Pipeline of large scale wind projects.

Planning
for the future
 

External Context:

Regulation and Planning

Sustainable infrastructural development requires a robust planning process. This should be carried out in a timely, cost efficient manner so that worthwhile development can take place and give certainty to key projects.

Response:

Bord na Móna engages in high levels of community consultation above and beyond what is required.

A strong
foundation

for growth

Internal Context:

Executing our plan

We have set out a challenging transformation plan for 2030.

Response:

Maintain engagement and commitment set out in Sustainability 2030 as we invest in infrastructure, quality employment, technology and people.

Investing
in tomorrow

today

Internal Context:

Investment

Business transformation and sustained investment are fundamental elements of our 2030 plan as we work towards our goal to create a sustainable future.

Response:

• Biomass supply chain
• US pellet plant
• White Moss acquisition
• Wind farms and solar
• Derrinlough biomass briquette plant
• Foynes Ovoid plant.

Adapting
& evolving
 

Internal Context:

A culture of transformation

A positive culture of transformation will enable our people to play their part as Bord na Móna transitions.

Response:

• Identifying and retaining talent
• Development of existing talent
• Creation of quality employment.