Member

Amendment 41 in my name seeks to introduce a requirement for water companies to report to Ofwat their performance compared with commitments made in their pollution incident reduction plans and to include in their annual report and accounts a summary of this performance report, alongside the corresponding statement from Ofwat, to improve their accountability to shareholders. These reports must then be published on the water company’s website annually, with the relevant Ofwat statements, to ensure that the public are kept up to date and water companies are held to account. Requiring companies to publish their progress in their annual reports gives shareholders far more oversight of water companies’ progress on pollution. We on these Benches want to see shareholders empowered to hold executives to account, and this amendment will help to deliver that.