Mission Statement, Vision, & Core Values (2024) of National Grid plc (NGG)

Mission Statement, Vision, & Core Values (2024) of National Grid plc (NGG)

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An Overview of National Grid plc (NGG)

General Summary of National Grid plc

National Grid plc (NGG) is a multinational electricity and gas utility company headquartered in London, United Kingdom. Established in 1990, the company operates critical energy infrastructure across the United Kingdom and Northeastern United States.

Company Metric 2024 Value
Total Assets £64.2 billion
Employee Count 22,400
Geographic Operational Regions UK and Northeast US

Financial Performance

National Grid's latest financial report reveals robust financial metrics:

Financial Indicator Amount
Annual Revenue £18.3 billion
Net Profit £3.6 billion
Dividend Yield 5.8%

Industry Leadership

National Grid operates as a critical infrastructure provider with significant market presence:

  • Manages 7,200 kilometers of electricity transmission networks
  • Serves 11 million electricity and gas customers
  • Maintains over 67,000 kilometers of gas pipelines
Market Position Ranking
UK Energy Transmission Market Top 1
US Northeastern Energy Infrastructure Top 3



Mission Statement of National Grid plc (NGG)

Mission Statement Overview

National Grid plc's mission statement focuses on delivering reliable, affordable, and sustainable energy infrastructure.

Core Mission Components

Component Specific Details 2024 Metrics
Energy Infrastructure Electricity and gas transmission networks 99.99% network reliability
Sustainability Target Carbon reduction commitment 45% carbon emissions reduction by 2030
Operational Regions United Kingdom and Northeastern United States £14.4 billion total network assets

Strategic Mission Objectives

  • Ensure 99.99% energy network reliability
  • Invest £30 billion in energy infrastructure by 2030
  • Achieve net-zero carbon emissions by 2050

Key Performance Indicators

Metric 2024 Value
Total Revenue £14.2 billion
Network Coverage 7.8 million electricity and gas customers
Renewable Energy Investment £6.5 billion

Mission-Driven Strategies

Energy Transition Focus: Accelerating renewable energy infrastructure development across UK and US markets.

Customer Commitment: Maintaining high-reliability standards while reducing environmental impact.




Vision Statement of National Grid plc (NGG)

Vision Statement of National Grid plc (NGG)

Strategic Vision Framework

National Grid plc's vision statement focuses on leading the energy transition towards a zero-carbon future by 2050.

Key Vision Components

Carbon Neutrality Commitment
Target Year Carbon Reduction Goal Investment Allocation
2050 Net Zero Emissions £10.1 billion infrastructure investment
Renewable Energy Infrastructure
  • Offshore wind capacity expansion to 4.5 GW by 2030
  • Green hydrogen infrastructure development
  • Grid modernization investments of £7.5 billion
Technological Innovation Targets
Technology Area Investment (2024) Expected Capacity
Smart Grid Technology £1.2 billion 15% grid efficiency improvement
Energy Storage Solutions £850 million 2 GW battery storage capacity
Sustainable Energy Transition Metrics
  • Reduce operational carbon emissions by 80% by 2030
  • Increase renewable energy transmission by 40%
  • Develop 10,000 electric vehicle charging points



Core Values of National Grid plc (NGG)

Core Values of National Grid plc (NGG) in 2024

Safety First

National Grid's core commitment to safety in 2024 is evidenced by:

Total Recordable Injury Rate 1.8 per 200,000 work hours
Annual Safety Investment £127 million
Employee Safety Training Hours 98,500 hours

Environmental Sustainability

Key environmental performance metrics:

  • Carbon emissions reduction target: 50% by 2030
  • Renewable energy infrastructure investment: £3.2 billion
  • Green energy transmission capacity: 6.5 GW

Innovation and Technology

R&D Investment £245 million
Digital Grid Transformation Budget £380 million
Smart Grid Technologies Deployed 42 distinct technologies

Customer Commitment

Customer service performance metrics:

  • Customer satisfaction rating: 87%
  • Average response time: 45 minutes
  • Complaint resolution rate: 94.6%

Diversity and Inclusion

Women in Leadership Positions 38%
Ethnic Minority Representation 22%
Inclusion Training Budget £5.7 million

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