Environmental, social and governance (ESG)
People and health and safety
Vector’s ‘Storm Troopers’ help answer questions and provide information to communities after major weather events like Cyclone Gabrielle and the Auckland Anniversary floods.
The last few years have seen dramatic changes in ways of working. For Vector, building a strong culture of cross-team collaboration, high performance and strong leadership continues to be our focus. We want our leaders to create an environment where teams are results driven, innovation is valued and every individual feels included and able to thrive. Our new six Green Star- rated Newmarket office and the launch of new Vector behaviours in the coming financial year are markers of the next phase for us.
Tick. These accreditations help us understand what we are doing well and where we need to improve, and we’re proud of our commitments and actions that enable these accreditations to be retained. We’re also part of an energy sector Diversity and Inclusion working group, created by energy sector CEOs. This is an early-stage group, however we are excited to be able to participate. Preparing for change, and a move The sale of a 50% interest in Vector Metering and the operational separation of this business has seen a considerable change in our workforce, with a significant number of our people exiting employment with Vector and taking up roles with the new joint-venture business. Preparing for this, and ensuring the right change processes are in place for an effective transition, has been a strong focus throughout the year. We were also busy getting ready to shift into a brand new, six Green Star-rated building, with an exciting new design and fit-out as well as the latest technology to support our collaborative ways of working both within the office and remotely. A huge amount of effort went into making this a successful move, and a catalyst for positive organisational development.
Wellbeing, diversity and inclusion
of initiatives continues to be co- developed, where representatives propose and input on initiatives as to what works best for them and their respective business units. Development of a new parental leave policy took place this year, with the new policy taking effect 1 July 2023. A significant part of the new policy is that Vector will continue employer contributions to KiwiSaver to cover the entire leave period; this will have a positive impact on reducing financial inequities at retirement age. As we do each year, we’ve conducted pay equity reviews and taken action to remediate any inequities across
Since the launch of our wellbeing strategy we’ve been following a plan designed to ensure our work environment supports our people to thrive and lead positive and fulfilling lives. Our strategy was informed by feedback and data we received through individual wellbeing assessments staff undertook this past year, and will continue to be developed by future assessments. It is being implemented using a range of prioritised initiatives such as building awareness and engagement, and the continuous development of a resilient workforce. In addition, we’ve introduced a wellbeing and diversity employee network to ensure the roll-out of our strategy and programme
gender, ethnicity and age. We’ve again renewed our
Accessibility Tick, which we were the first employer in New Zealand to be awarded, and our Rainbow
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