Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses

Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses

Thames Water, Corporate governance, Business, Water bills, Water industry, Water, Environment, Consumer affairs, UK news, Regulators Business | The Guardian

​Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation showsThames Water intentionally diverted millions of pounds pledged for environmental clean-ups towards other costs including bonuses and dividends, the Guardian can reveal.The company, which serves more than 16 million customers, cut the funds after senior managers assessed the potential risks of such a move. Continue reading… 

Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation shows

Thames Water intentionally diverted millions of pounds pledged for environmental clean-ups towards other costs including bonuses and dividends, the Guardian can reveal.

The company, which serves more than 16 million customers, cut the funds after senior managers assessed the potential risks of such a move.

Continue reading… 

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