Sustainability
We are committed to improving operational efficiency and understanding and addressing the actual and potential effects of climate change on our operations, strategy and investments.
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We have targets to reduce our emissions by 25% by 2025 and 46% by 2030, compared with the base year 2018/19.
Our 2024/25 emissions are 45% less than 2018/19, surpassing the 2025 emissions reduction target. This has been achieved through the implementation of the following initiatives:
- continuing to prioritise and manage employee travel demand to reduce cost and meet our emissions reduction targets
- partnering with our travel providers to increase bookings of lower emissions travel options
- embedding sustainability into our property and leasing strategies, prioritising energy efficiency and resilience 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 continue to develop 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.