To improve transparency and clarity of its financial structures

• It will significantly speed up the removal of its Cayman Islands subsidiary
• It will repay an inter-company loan to simplify the presentation of its accounts (particularly around real dividends), aiming to complete this by the end of this financial year

To place public interest at the heart of the business

• It will work with Ofwat on proposals to ensure it can be held to account for acting in the public interest
• It will change the composition of the Anglian Water Services board so that independent non-executive directors are in the majority, and not just the largest group

To make an additional investment commitment to 2020

• It will invest an extra £65 million in resilience schemes not included in the company’s original plan, by 2020. This will improve the region’s ability to deal with drought and flooding and will be paid for through a reduction in dividends to shareholders.

To reduce dividends and borrowings through to 2025

• It will reduce dividends through to 2025, resulting in a significant reduction in the company’s level of debt and gearing