Contents
Performance snapshot
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Strategic reports Chair and Group Chief Executive report Chief Financial Officer report Environmental, social & governance (ESG) People and health and safety Energy affordability and decarbonisation
10 12 18 20 21 24 27 28 32 33
Business segment reports Regulated networks Gas trading Metering
Governance report
34
Who we are Our Board Our Management Team Entrust
43 44 46 48 49 50 51 52 54
Other disclosures Joint ventures and investments Operating statistics Five-year financial performance Non-GAAP financial information Financials Financial statements Notes to the financial statements Independent auditor’s report Statutory information Statutory information Directory and financial calendar
55 56 62 102 107 108 120
About this report This report, dated 24 August 2023, is a review of Vector’s financial and operational performance for the year ended 30 June 2023. The financial statements have been prepared in accordance with appropriate accounting standards and have been independently audited by KPMG. The financial and operational information has been compiled in line with NZX Listing Rules and recommendations for investor reporting. The report has drawn from a wide range of information sources. This includes: our stakeholders, customers, communities, sustainability framework, value drivers, risk register, Board reports, Asset Management Plan, financial statements and our operational reports.
2023 REPORTING SUITE This annual report is published as part of a reporting suite, which also includes our Greenhouse Gas Emissions Inventory Report, and Taskforce for Climate- related Financial Disclosures Report. All three reports are available at vector.co.nz.
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