Electricity Asset Management Plan 2019-2029
20 Vector Limited://
events, sea level rises and drought are obvious issues, but there are a range of other challenges to consider in ensuring sustainability remains at the heart of creating a new energy future. Sustainability is a principle that underpins the delivery and management of our network assets, and we recognise that every decision made in respect of the network must take into consideration the environmental, social and economic impacts, both positive and negative. To ensure our approach to sustainability has real meaning, we have committed to helping achieve the United Nations’ 17 Sustainable Development Goals. From these 17, there are seven we have prioritised that we can directly contribute to with the most relevant to asset management being Goal 9, which focuses on developing infrastructure that is both sustainable and innovative, Goal 11 addressing sustainable urbanisation and Goal 13, the climate action goal, which is concerned with reducing carbon emissions and adapting to the impacts of climate change. The sustainability framework we have developed takes account of both the sustainable development goals and the concept of doing no harm. Alongside key principles of kaitiakitanga (guardianship and protection) integrity, transparency and inclusion, these inform our approach to making decisions across our business, including our network.
PLANNING OUR NETWORK IN A SUSTAINABLE WAY The next decade is a key time-frame for creating a shift in the way societies operate, and energy systems will be a key aspect of this. To facilitate this, we aim to design the network to enable customers to get value from their investment in on-premise decarbonisation technologies, e.g. electric vehicles. We also have the obligation to ensure we mitigate the potential network investment impact of these technologies on the network to avoid unforeseen equity, fairness and deprivation consequences. Addressing the impact of climate change on our assets, e.g. weather
ASPIRATIONAL COMMITMENTS
Innovate and collaborate to solve societal and environmental problems
INTERNAL ORGANISATION OF WORK PROGRAMME
Embed Sustainability
Create Transformation
Be Leaders
Tell the Story
Kaitiakitanga
Transparency
Inclusive
Integrity
GUIDING PRINCIPLES
FOUNDATION FOR GLOBALLY RECOGNISED CORPORATE RESPONSIBILITY
Operate in a way that respects fundamental responsibilities in the areas of human rights, labour, the environment and anti-corruption
Figure 1-3 Vector’s alignment with UN Sustainable Development Goals
Made with FlippingBook - professional solution for displaying marketing and sales documents online