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Who we are

We’re a team of 1,500 employees who service over 1.5 million Victorians. We own and operate 3 regulated networks: electricity distribution, gas distribution and the state-wide electricity transmission network.

Our purpose is simple: Connect communities with energy and accelerate a sustainable future.

 

Our strategy

Our strategy enables us to continue providing safe, reliable and affordable energy to our customers. We’re growing our business to create long-term value for our customers, communities and investors.  
 
We understand the role we play in the transition to renewable energy. Through our strategy, we will own and operate the best energy network. A network that will adapt and respond as Victoria moves toward a renewable energy future. 

Our strategy is guided by 4 key priorities:  

Customer passion - guides us in everything  

Energised people - thriving and supported to achieve  

Operational excellence - always finding the best and safest way  

Accelerate growth - through the energy transition  

 

Our values

Our values guide the actions of all our people, every day. 

We work safely: We never compromise on safety and we care for the wellbeing of people. 

We do what's right: We act with integrity and in the best interests of our company and our customers.

We're one team: We work together as a united team to achieve great results. We treat our people fairly, value their differences and support their development.

We deliver: We’re accountable to customers, communities, shareholders and each other. We adapt through innovation, continuous improvement and change. 

 

Corporate governance 

We’re committed to following best practice corporate governance procedures to ensure we’re accountable, transparent, fair and responsible. 

You can read our board charter on our site here (PDF, 225 KB). 

You can also find our Corporate governance statement (PDF, 913 KB) and Modern slavery statement (PDF, 1,664KB) on our site. We publish these each year. This helps our governance remain transparent.

 

Risk management 

The Audit and Risk Committee and the Board hold the Managing Director accountable. They are responsible for executing our risk management framework.  

This includes:  

  • Establishment and maintenance of risk identification,  
  • Management processes, and   
  • Monitoring of material business risks (financial and non-financial).   

We manage risks across the business. We identify, analyse, and prioritise risks in a consistent manner.   

Our risk management governance structure has two components:  

1) The Audit and Risk Committee Charter (PDF, 236 KB). This oversees the financial and risk management functions within AusNet.    

2) The Group Risk Committee. They manage risk in line with AusNet’s business objectives and industry regulations. 

 

Nomination and remuneration committees 

The Nomination Committee reviews and makes recommendations to the Board for key positions.  

This includes:  

  • New directors,   
  • Senior managers, and 
  • Board and board committee membership and performance, board succession planning.

While the Remuneration Committee advises on remuneration for directors, senior managers and employees. 

 

Corporate governance policies 

For transparency, you can read all our policies on our website via the links below: