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ELEXON Governance and Financial Reports

This page contains the ELEXON reports relating to governance, business ethics, environmental policy, security, and finances.

Governance review

Early in 2013, the BSCCo Board and BSC Panel jointly commissioned an independent review of BSC Governance. They appointed former Council of Lloyd’s deputy Chairman Bill Knight to undertake the review. The review, published July 2013, looks at ELEXON’s current governance with regard to the confines of the BSC, particularly in the light of discussions over recent years in relation to changes to BSCCo’s vires.

Business ethics policy

Environmental policy

We recognise that our operations inevitably have an impact on the environment. ELEXON is committed to respecting the environment and seeks to minimise the potentially harmful effects of its activities as far as reasonably practicable. Where practical, ELEXON will seek to use providers who have environmental policies compatible with its own. The objective of ELEXON’s environmental policy is to aim to continually monitor and reduce its impact on the environment through the use of recycled resources, recycling, safe disposal of electrical and hazardous waste, redundant stationery & equipment, and energy saving measures.

Corporate security objectives

Read our corporate security objectives to find out how we are ensuring our people, processes, information and technologies are secured in line with industry best practice standards for security.

ELEXON Ltd report and financial statements

Our annual report and the audited financial statements for the year ended 31 March 2017.

Agreement with tax authorities

This document sets out the current agreements with the relevant tax authorities regarding Corporation Tax, Income Tax and Value Added Tax for both ELEXON (BSCCo) charges and trading charges. These agreements are referred to in Sections D 2.4.1 and N 5.1.1 of the BSC.

ELEXON treasury policy

This policy sets out the appropriate parameters as deemed fit by the Board for ELEXON’s banking arrangements, in order to minimise counterparty risk, while delivering a reasonable rate of return on the ELEXON Group cash balances and being able to meet the organisation’s financial obligations.