VECTOR ANNUAL REPORT 2021 /
Chair & Group Chief Executive Report
Real progress with Symphony
SIMON MACKENZIE GROUP CHIEF EXECUTIVE
JONATHAN MASON CHAIR
The past twelve months have seen a dramatic sharpening of focus around the world and in New Zealand on climate change, and the efforts that will be required across the world to transition to a low emissions future. In New Zealand, the recommendations put forward by the Climate Change Commission illustrate that our energy system must rapidly shift to a more localised, consumer-centric model. Not only is our energy infrastructure critical to our daily lives, but also to our collective future through its role in enabling the decarbonisation of transport and industry. Legacy energy systems across the whole sector are increasingly unable to meet these new challenges, and must become vastly more sophisticated and adaptable. Vector is well advanced globally in developing and operating digital platforms to manage these changing requirements.
That’s why our vision is bold, because the path isn’t straight and we can’t rely on solutions of the past. Our Symphony strategy puts the customer at the centre of the energy system, using data analytics and technology to create new solutions and options to help people manage the transition to a low-carbon system. It will also result in a more affordable transition for customers, since the new solutions we deploy alleviate the pressure to invest in heavy infrastructure, and this has a beneficial flow-on effect on the prices our customers pay for the services we provide. Fundamentally, it is about creating customer choice, delivering decarbonisation at the same time as
This is a crucial time in our industry, and Vector is well positioned to respond to the challenges and opportunities decarbonisation will bring. We see this as an opportunity to do things differently; to be flexible, adaptable, and to innovate.
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