Vector Annual Report 2023

Energy affordability and decarbonisation

Our Field Service Provider Omexom uses a truck-mounted gas leak detection system known to ‘smell’ minor gas leaks by simply driving down the street at normal speed, with GPS technology marking the exact location of any leaks detected. This enables us to find and fix leaks faster, reducing carbon emissions and improving the safety of the public and environment.

1,388 tCO 2 e Avoided emissions from our temporary transformer programme in FY23, following successful trials in the prior year

Our carbon footprint Vector measures and reports its emissions in accordance with The GHG Protocol Standard and The GHG Protocol Value Chain Standard annually. Our base year for emissions reporting is 1 July 2019 to 30 June 2020. Detailed information on organisational and operational boundaries, methodologies used and emissions trends over time can be found in Vector’s GHG emissions inventory report FY23. In the year to 30 June 2023, we’ve achieved a reduction of 14.7% across all scopes from our base year FY20. The most significant reduction in scope 1 emissions can be observed with gas distribution fugitive emissions, driven by the initiatives outlined on p25. Diesel use in generators has also seen a reduction, while vehicle fleet and sulphur hexafluoride (SF 6 ) emissions increased.

Scope 2 emissions have increased, despite a decrease in electricity losses across our network, due to a noticeably higher emissions factor used for this year’s calculation compared to previous years. An increase in Vector’s own electricity consumption can be attributed to a growing uptake of Vector’s free EV charging infrastructure across Auckland. Value chain emissions across

More detailed information relating to climate change and Vector’s approach to decarbonisation is available in Vector’s Greenhouse Gas Emissions Inventory Report, and Taskforce for Climate-related Financial Disclosures Report, both available at vector.co.nz

scope 3 have increased by just over 1% compared to FY22. However, when comparing against our FY20 base year, emissions across scope 3 have decreased by 15%. Further details on our emissions by scope and category can be found in Vector’s GHG emissions inventory report for FY23, available on our website.

Emissions trend by scope in tCO 2 e

Change from FY20 baseline

EMISSIONS CATEGORY Scope 1 Scope 2*

FY20

FY21

FY22

FY23

22,388 17,887 21,816 19,485 -13%

33,148

34,449

39,486

42,810

29%

Scope 3 1,843,262 1,628,207 1,539,706 1,558,026 -15% Total Scope 1, 2, 3 1,898,798 1,680,543 1,601,008 1,620,321 -14.7% Previous years’ inventories were recalculated to remove emissions from Vector Metering, include updated activity data on gas fugitive emissions in FY22, and include a newly included emission source under scope 3. For details on these recalculations, please see Vector’s GHG emissions inventory report for FY23. * Includes market-based emissions for electricity consumption.

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Vector Annual Report 2023

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