This section of the annual report provides a commentary on MBIE’s 2022/23 financial results and a view of our forecast financial plans for 2023/24.

Supporting a responsive labour market where people are protected and can make the best use of their skills.

Aotearoa New Zealand needs a business environment that is dynamic, where businesses can respond to new opportunities and resources are allocated to their most productive use.

Hīkina Whakatutuki | The Ministry of Business, Innovation and Employment’s 2022/23 Annual Report is a review of our financial and non-financial performance against our outcomes, priorities and obligations.

Foreword from Carolyn Tremain, Secretary for Business, Innovation and Employment and Chief Executive and other key information about the Ministry of Business, Innovation and Employment.

We are the Ministry of Business, Innovation and Employment (MBIE), Hīkina Whakatutuki. Hīkina means to uplift and Whakatutuki means to move forward, to make successful.

Our Promise is our commitment to our customers. It outlines what you can expect when you interact with us – whether that be in person, by phone, email or on our website.

MBIE’s Digital, Data and Insights business group was formally established in February 2022. This realignment brought together existing functions, skills, knowledge and responsibilities to ensure better alignment and efficiency.

At MBIE, we value our people and strive to reflect the communities we serve. Our inclusion and diversity strategy, Nō Konei–Belong, focuses on having inclusion at the heart of our mahi, creating a sense of belonging and meeting public sector-wide diversity, inclusion and equity objectives.

Each year, MBIE is provided with funding from the Government to deliver significant initiatives in response to current or ongoing challenges facing Aotearoa New Zealand. The initiatives identified below are important to Parliament, the public, and MBIE’s strategic priorities and cover the span of its responsibilities. You can find more information on the following initiatives as well as other significant projects and services throughout this report.