Preparing for, and responding to, Climate change is integral to our business, both in terms of the risks it presents to our assets and service and how it drives electrification.
We have developed our first Climate Adaptation Plan, prepared to enhance the resilience of New Zealand’s electricity transmission system in response to climate change.
You can read our Climate Adaptation Plan here.
Our Climate Adaptation Plan includes:
- A high-level overview of how we are integrating climate adaptation into our asset management approach and decision-making, in the context of the wider electricity industry and other critical infrastructure, and our regulatory framework.
- Climate change impacts on the national grid. This links to our climate change scenarios and climate statement, with our first adaptation plan focusing on key physical climate-related risks.
- Our adaptation responses. We outline the PARA framework (Protect, Accommodate, Retreat, Avoid) and other wider adaptation responses to manage the impacts of climate change on our infrastructure.
- Our actions for the next five years. This includes integrating climate adaptation into our asset management, better understanding climate-related risks and opportunities, connecting and collaborating with stakeholders, and delivering climate resilience and adaptive capacity.
- Implementation planning – how we will implement, monitor, and report on our progress over the next five years.