OUR STRATEGY Sustainability
Simon Mackenzie Grad DipBS (Dist), DipFin, NZCE GROUP CHIEF EXECUTIVE
Our search for effective partnerships is not confined to energy. We work with people across the world who share our vision and bring unique complementary solutions.
Converge
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We are taking a holistic view of all the aspects that we believe are likely to impact on the business. We think there are advantages in Vector understanding and responding early to these risks. Some risks we will be able to address directly. For others we will partner with local and international organisations to develop solutions to negotiate our way through these challenges. Approach To help manage both the risks and opportunities that we have identified, our board established a new sub-committee during FY17 to provide a governance focus on sustainability. Meanwhile, the business has identified several United Nations Sustainable Development Goals that we will actively pursue. We will also be expanding our ESG reporting. The inclusion of carbon reporting in this year’s annual report is an example of this change. We chose to pursue the United Nations Sustainable Development Goals for several reasons. First of all, they provide us with a global framework to align to, making it easier to explain our approach to sustainability in language that others will understand. Secondly, because the goals clearly establish the issues the world needs to address in order to become more sustainable, the goals create a common and consistent framework for collaboration. This enables us to have conversations with a range of business and government entities, opening up opportunities for relationships with non-traditional partners. Thirdly, we can see that pursuing these goals will improve our own business. From a commercial point of view, committing to a sustainable approach will help us compete for a share of the burgeoning renewables market in New Zealand, Australia and the Pacific, thus protecting our long-term value for shareholders. Increasingly, sustainability is an important factor when competing for tenders and in competing for the right talent – responsible and future focused businesses are attractive.
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