Vector Interim Report 2019

BUSINESS SEGMENT REVIEWS

In August 2018, Vector won the Deloitte Energy Excellence 2018 Health & Safety Initiative of the Year Award for the Papakura Bottle Swap plant – a greenfield development of a state of the art facility which was the first plant in New Zealand to be accepted as a major hazards facility under the safety case regime. Vector remains one of a small number of businesses that is Living Wage accredited. We have also continued to proactively address pay equity, analysing average hourly pay rates across the company as well as across role types and role seniority. A small number of pay equity issues were identified and have now been addressed.

Vector Urban Forest, an initiative to encourage planting away from power lines, was launched in September 2018 with the planting of over 15,000 trees at Puhinui Reserve in Auckland. As part of this programme, Vector has committed to planting two trees for every tree removed for network purposes. To address the issue of end-of-life lithium ion batteries we have convened a Battery Leaders Group to identify circular solutions for large batteries. In November 2018, a workshop was held with stakeholders across the automotive, energy and waste industries to explore future scenarios for maximising the value of second-life batteries. In safety, a continued focus over the six months saw Total Recordable Injury Frequency Rates (TRIFR) decrease by 17%. Lost Time Injury Frequency Rates (LTIFR) reduced by 59%. In October 2018, Vector was successfully reaccredited to AS/NZS 7901, which is a standard that covers our health and safety processes and performance around public safety regarding our gas and electricity assets. Vector will reaccredit to AS/NZS 4801 for our health and safety systems and performance and to ISO 14001 for our environmental systems and performance. We have also changed the way we record and collect information about injuries, even pre- existing ones. For example, OnGas deliveries involve a high degree of manual handling of gas bottles. We now have a far better insight into the nature and type of strains and sprains and have implemented a nationwide triage process to ensure treatment starts as early as possible.

IN SEPTEMBER 2018, VECTOR PLANTED MORE THAN 15,000 NEW TREES TO LAUNCH ITS URBAN FOREST INITIATIVE.

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Vector://IR 19

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