Vector Annual Report 2017

OUR STRATEGY Sustainability

03.

SETTING SUSTAINABLE GOALS

Sustainability lies at the heart of creating a new energy future. Meeting the needs of current generations without compromising the ability of future generations to meet their needs is about striking the right balance between the environment, society and the economy.

The last 12 months have seen a significant shift in the response to sustainability challenges, including ratification of the Paris Agreement by governments, commitment by leading businesses to the United Nations Sustainable Development Goals and increasing expectations from the financial market on Environmental, Social and Governance (ESG) disclosures.

INCREASING RELEVANCE TO VECTOR

Vector key sustainability risks For our part, we have already identified a number of key risks and correlated opportunities that will drive the sustainability agenda for our business and stakeholders in the short to medium term.

PHYSICAL IMPACTS OF CLIMATE CHANGE

TALENT ATTRACTION AND RETENTION

ECONOMIC TRANSITION TO A LOW CARBON ECONOMY

ACCELERATION OF STRANDED ASSETS

HEALTH AND SAFETY

AUCKLAND HYPERGROWTH/ CONGESTED GROWTH

REGULATION OUTPACED BY TECHNOLOGICAL AND SOCIETAL CHANGE

PRODUCT STEWARDSHIP

ENERGY POVERTY (ALSO KNOWN AS FUEL POVERTY)

AUCKLAND AFFORDABILITY

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Vector://AR 17

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