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Our approach to sustainability is to deliver innovative, long-term solutions for our shareholders, customers, partners and suppliers to build shared resilience, reduce our carbon footprint and help regenerate our environment. Our Symphony strategy enables us to drive better environmental, social and economic business outcomes such as energy affordability, decarbonisation and the circular economy, aligned to the UN
Sustainable Development Goals (SDGs) which remain our ultimate focus. In FY20, we focused on seven SDGs, all supported by Goal 17: Partnerships for the Goals. Greenhouse gas emissions In the past year, our carbon footprint (Scope 1, 2 and 3) reduced by 23.6%, which is a reduction of approximately 103,000 tonnes CO 2 e. Historically, our primary source of greenhouse gas emissions has stemmed from our gas processing operation at Kapuni, representing around 83% of total
emissions in past years. Due to the sale of our Kapuni Gas Treatment Plant to Todd Energy in early 2020, the Group’s Scope 1 emissions for FY20 have substantially decreased by 25.4% as compared with FY19. Our Scope 2 emissions, which relate to our purchased electricity (all sites) and the electricity distribution losses from our Auckland electricity network, decreased by 3.8%. Scope 3 emissions increased by 1.6%. Scope 3 emissions primarily consist of fuel consumption by the service delivery vehicles used by our key field service providers for network maintenance.
FY20: Seven SDGs
% Change from FY17 baseline
YEAR ENDED 30 JUNE
FY17
FY18
FY19
FY20
Scope 1* Scope 2*
341,964 371,084 402,575 300,315 -12.18% 31,599 29,070 23,768 22,863 -27.65%
Underpinned by:
Scope 3* 5,869 11,009 11,180 * Scope 3 emission sources include business travel and fuel consumption for our key service providers in each business unit. Our Scope 1 and 2 carbon data is inclusive of the co-generation facility at Kapuni Gas Treatment Plant, which has been apportioned 50% between the two joint venture parties but excludes emissions from E-Co Products Group Limited except for Leaseplan fleet fuel emissions in FY20. –
MEMBER OF:
TARGET: CORPORATE CARBON INTENSITY RATE – ANNUAL REDUCTION OF 5%
POSITIVE CARBON HANDPRINT VECTOR HRV AND SMART METERING PRODUCTS HELP CREATE HEALTHY AND ENERGY-EFFICIENT HOMES AND BUSINESSES. VECTOR POWERSMART OFFERS SOLAR AND BATTERY SOLUTIONS TO HELP LOWER OUR CUSTOMERS’ CARBON FOOTPRINTS. WE ARE ENABLING THE DECARBONISATION OF AUCKLAND’S TRANSPORT SYSTEM THROUGH OUR NETWORK AND CHARGING INFRASTRUCTURE
‒ CLIMATE LEADERS COALITION ‒ SUSTAINABLE BUSINESS COUNCIL ‒ AOTEAROA CIRCLE ‒ SUSTAINABLE FINANCE FORUM
12.6 % FY20 REDUCTION
26,735 NATIVE TREES AND SHRUBS
THIS COVERS BUSINESS TRAVEL, FLEET FUEL USE AND ELECTRICITY CONSUMPTION ACROSS OUR OFFICES AND IS A RATIO OF TCO 2 E TO EBITDA. SINCE 2017, WE HAVE REDUCED THIS INTENSITY VALUE BY 39.6% (A REDUCTION OF ABSOLUTE EMISSIONS BY 37.6% FOR THESE SOURCES)
BATTERY INDUSTRY
PLANTED IN PARTNERSHIPWITH SUSTAINABLE COASTLINES AND AUCKLAND COUNCIL AS PART OF VECTOR’S URBAN FOREST INITIATIVE
GROUP (B.I.G.) B.I.G.’S ROLE IS TO DESIGN A PRODUCT STEWARDSHIP SCHEME FOR LARGE BATTERIES WHICH SUPPORTS A CIRCULAR ECONOMY. B.I.G. NOWHAS MORE THAN 140 ORGANISATIONS AND INDIVIDUALS AS MEMBERS ACROSS ENERGY, WASTE, TRANSPORT AND BATTERY INDUSTRIES, ANDWAS CONVENED AND IS CHAIRED BY VECTOR
B
23.6 % REDUCTION OF CARBON FOOTPRINT
CARBON DISCLOSURE PROJECT (CDP) SCORE
Sustainability
THE INTERPLAY OF TODAY AND TOMORROW
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