Vector Annual Report 2017

We’re serious about sustainability in its broadest sense We believe the United

A different mandate Applying learnings gained from working with offshore and local technology companies, we are also opening up new opportunities and new markets: selling smart meter solutions into Australia; partnering with mPrest and becoming a reseller of their revolutionary network management technology; and working with PowerSmart across Australasia. There are certainly those in other parts of the energy sector that would like us to get back in the corner they have consigned us to. Our view is that we need to pursue a different mandate. The rationale for Vector embracing new technology and focusing on our customers’ shifting energy needs is clear. Nor are we solely focused on electricity. We are committed, for example, to bringing safer and more efficient gas solutions to customers — and our new OnGas bottle filling plant in Papakura is an example of that. We’re also working with telecommunications providers to enable customers to access high-speed secure fibre as well as enabling immediate response to devices on our network. To make all that happen, our conversations are continuing with regulators, investors, our communities, our people, our partners and, of course, our customers about regulatory frameworks, pricing structures, rates of growth and more.

Nations Sustainable Development Goals need to sit at the very heart of our business. Our decisions must be based on integrated environmental and socially responsible views that are agile enough to meet quarterly demands and yet strong enough to truly shape and prepare the business for the long term. As we explain later in this report, we have committed to all 17 United Nations Sustainable Development Goals, but for the short to medium term, we’re focusing on seven that specifically support our strategic focus on decarbonisation and climate action and social inequalities. The more we pursue this approach, the greater the opportunities that we discover. For example, in an Australasian first, we will be deploying a solution that utilises recycled Nissan Leaf batteries as mobile battery units that act like diesel generators to support customers during planned and unplanned work on the network.

Future

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