Vector Annual Report 2017

OUR STRATEGY Sustainability

OUR PRIORITY GOALS:// The business has agreed on seven key goals to focus on initially. Each goal can be referenced back to our overarching priorities of climate change and transition to a low carbon economy and/or inclusion and equality. Performance against these goals are underpinned by Sustainable Development Goal 17, ‘Partnerships for the Goals’, which recognises that achieving these goals requires partnership and collaboration.

Ensure healthy lives and promote well-being for all at all ages Enabling access to affordable energy and healthy homes will help to reduce health issues associated with cold and damp homes.

Make cities inclusive, safe, resilient and sustainable Holistic goal that aligns well to Auckland’s ambitions – resilience, energy efficiency and affordable housing.

Ensure access to affordable, reliable, sustainable and modern energy for all Disruption of the current energy model will result in increased renewable energy while creating opportunities for new models to lower costs for all.

Take urgent actions to combat climate change and its impacts The transition to a low carbon economy will require commitment from the energy sector. With an extensive network of assets the business is also exposed to the physical risks of climate change. Both of these require a business response.

Build resilient infrastructure, promote sustainable industrialisation and foster innovation Creates an opportunity to incorporate sustainable thinking and build resilience into network development. It also acknowledges the importance of the existing network while fostering the innovation that will drive the future.

Revitalise the global partnership for sustainable development Collaboration with other businesses, government and other organisations is a key foundation for achieving the goals. Vector will continue to develop partnerships within New Zealand and globally.

Reduce inequality within and among countries Inequality is a key emerging issue for New Zealand. Viewed in the wider sense this means access to technology, education and opportunities.

On 25 September 2015, United Nations member countries adopted a set of goals to end poverty, protect the planet and ensure prosperity for all as part of a new sustainable development agenda.

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Vector://AR 17

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