Sustainability
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We are committed to understanding and addressing the actual and potential effects of climate change on our operations, strategy and investments.
We have measured and reported on our operational emissions since 2018/19 and have set science-aligned targets to reduce emissions by 25% by 2025 and 46% by 2030, compared with the base year 2018/19. Our 2023/24 emissions are within our 2025 emissions reduction target trajectory and have been achieved through the implementation of the following initiatives:
- prioritising and managing employee travel demand to meet our emissions reduction targets
- embedding sustainability into our property and leasing strategies, prioritising energy, waste and emissions efficiency in our decision-making
- improving the operational efficiency of our fleet and transition of light vehicles to electric or plug-in hybrid vehicles
- identifying opportunities in our procurement processes to reduce operational emissions and improve sustainability reporting.
We are developing a system-based approach to identifying, assessing, managing and reporting on the climate-related risks and opportunities that MBIE is exposed to. This approach is aligned with the External Reporting Board’s Aotearoa New Zealand Climate Standards and the Task Force on Climate-related Financial Disclosures framework.
For more information about our sustainability work programme and Carbon Neutral Government Programme reporting, see appendix 9 of the PDF version of the Annual report.