Communities & Relationships
Community contribution by program area
AGL's total financial contributions to the community decreased in FY20, primarily due to the completion of the Gloucester Independent Community Legacy Fund in FY19, and the impact of the COVID-19 pandemic. Employee Volunteering decreased due to COVID-19, while other local sponsorships and donations increased substantially due to AGL's $750,000 contribution to support bushfire relief. The increase in Employee Giving is also due to the matching payments AGL made to fundraising pages for the bushfires, as the $1,000 cap was lifted due to the increased support from employees. Employee Giving and fundraising has increased on top of the bushfire donations for FY20 due to more awareness raising of the program. The decrease in retail sponsorships is due to the reduction in scale of AGL's West Coast Eagles sponsorship compared to FY19, along with AGL's exit from the Melbourne Zoo and Zoo Twilights sponsorships.
Amounts reported under 'Employee Giving and fundraising events' represent AGL's matched funding only, not the donations given by employees. Matched amounts are included in the year in which the employee donations were made (though the matched payment may have been made after the close of the financial year).
A community fund is a set amount of investment in a specific community in which AGL operates. Funds include amounts disbursed through grant programs allocated through a publicly advertised expression of interest process which is open to all organisations and associations operating within the community which meet a specific set of criteria. Community funds may include ad-hoc sponsorships or donations (cash or in-kind) that occur throughout the year and outside of an advertised community grant round.
The amount includes the cost of AGL delivering seven projects for the Powering Our Community Fund for FY20, with the other nine projects to be delivered in FY21.