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Our year in review – executive summary

Some clear themes have emerged over the past year as we have put in place policies, projects and people to help us Grow New Zealand for All. We are operating in a fast-changing world and our economy must be able to respond as quickly. We need to be future-focused, innovative and collaborative to meet this challenge.

Kupu whakataki a te kaihautū – Chief Executive’s foreword

Kei te tino harikoa au ki te whakatakoto atu i te pūrongo ā-tau a Hīkina Whakatutuki mō te tau 2018/19. It gives me great pleasure to present the Ministry of Business, Innovation and Employment’s (MBIE) 2018/19 Annual Report.

Outcome Three: Informed consumers and businesses interacting with confidence

MBIE progressed a number of work programmes in 2020/21 to ensure protections were in place to increase both consumers’ and producers’ confidence in economic participation. This is essential to economic growth and delivering broader social outcomes. We are proud of many improvements to services delivered to businesses.

Outcome Two: People are skilled and engaged in safe and fulfilling work

Jobs are continuing to change as the economy transforms. MBIE supports a responsive labour market where people make the best use of their skills and contribute towards Aotearoa New Zealand’s success. MBIE also influences the market to make sure people and businesses have access to the skills they need.

Electricity

Low hydro inflows and lower gas supply saw an increase in coal use for electricity generation in 2024. At the same time, increases in wind, solar, and geothermal generation capacity helped offset the drop in hydro generation, with 85.5% of electricity generated in 2024 coming from renewable sources.

Diversity, equity and inclusion

At MBIE, we value our people and strive to reflect, embrace and nurture the communities we serve. Our Inclusion & Diversity strategy, Nō Konei – Belong, focuses on having inclusion at the heart of our mahi, to create a sense of belonging.