Governance

Governance

At Gas Networks Ireland, we recognise that strong governance, ethics, and integrity are the cornerstones of our operations. Upholding these principles means not only complying with legal standards, but also fostering a culture of transparency, accountability, and social responsibility at every level of our organisation. Good governance guides our decision-making, ensuring we act in the best interests of all stakeholders, while steadfast ethics cultivate trust with our customers, employees, and partners. We believe that integrity underpins every action—building sustained confidence in our network, strengthening relationships, and enabling us to contribute meaningfully to Ireland’s secure, resilient, and sustainable future

Innovation

The decarbonisation of Ireland’s gas network is essential if the country is to transition to a net-zero energy system by 2050. As we transform, driving innovation across our business is critical if we are to thrive. 

Gas Networks Ireland has a new Gas Innovation Steering Group in 2023, which includes representation from all the business pillars within the organisation. The Group also includes two independent steering members. The steering group acts as the governance board for the allocation of Gas Innovation Funds (GIF) provided by the CRU under the current Price Control. The €5.3m for the PC5 period. This innovation funding encompasses a Network Based Innovation Fund (NBIF) and a Strategic Innovation Fund (SIF). Steering has convened on six occasions over 2023/24 gas year, providing governance, oversight and approval on key Innovation Initiatives.
 

Risk management

Risk management supports Gas Networks Ireland to navigate challenges and seize opportunities in order to develop and implement our strategy. 

The risk management landscape for the organisation continues to evolve. Proactive risk management is integral to our activities, allowing us to create added value for our shareholders, customers and the wider community. It provides for the effective identification, management and mitigation of risks. 

The nature of our business operations is long-term, resulting in a number of enduring risks. The potential impact and likelihood of these risks can evolve in response to internal and external developments. At the same time, new risks continue to emerge, so a speak up culture is encouraged.
 

Stakeholder engagement

At Gas Networks Ireland, we take the nature and quality of our stakeholder relationships very seriously. We work closely with our stakeholders to understand their views and emerging needs, determine priorities and deliver initiatives in partnership.

Looking forward

Gas Networks Ireland will build on our previous successes and empower our dedicated team to shape the future of the gas network. We are committed to delivering a future-ready network that supports Ireland’s ambitious climate and energy policies.