Mission, vision, strategic goals
In June 2014 the TAURON Management Board adopted and the Supervisory Board issued a positive opinion on the document entitled the “TAURON Group’s Corporate Strategy for 2014-2017 with an outlook until 2023”, as an update of the Corporate Strategy adopted in 2011.
When updating the Corporate Strategy, the changing market and regulatory environment were taken into account, with the most important factors affecting the sector being the European Union and national regulations related to the conditions of energy sector operation in Poland.
The updated Corporate Strategy has upheld the TAURON Group’s previous mission, vision and underlying objectives.
The Group’s mission is „To provide our customers with energy supply based on best practices while growing shareholder value”, and its vision is „To become one of the leading energy companies in the region”. The overriding strategic goal is to provide for steady value growth ensuring a safe return on invested capital for shareholders. The implementation of the aforementioned goal is measured on the basis of underlying indicators of value development, i.e. EBITDA growth and ROIC.
The key direction of the Corporate Strategy is to focus on growth in areas of operations where the highest potential for achieving high rates of return on investment and diversification of the generation portfolio exists. The goal of continued effectiveness improvement, perceived as the uninterrupted drive for operational excellence and building an effective organization through raising the effectiveness of the TAURON Group’s operations, has been maintained. The next goal is to manage the exposure to market and regulatory risks which, due to the specific nature of the Group’s activities, continue to be significant.
In 2016, the Management Board of TAURON Polska Energia will prepare and implement the TAURON Group’s new strategy responding to challenges arising from the changing macroeconomic, regulatory and market environment of the power sector. The new strategy will define the development directions for the TAURON Group, its strategic goals and investment programme.
The Group’s mission is „To provide our customers with energy supply based on best practices while growing shareholder value”, and its vision is „To become one of the leading energy companies in the region”