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annual report

Chapter 3: The context

The implementation of the new climate-related disclosures regime is progressing well with the first climate standards expected to be issued by the XRB in December 2022 and the first climate statements likely to be produced in early 2024.

What is geothermal and how is it important to New Zealand?

Our unique geology provides New Zealand with an extraordinary opportunity to harness a powerful and versatile natural resource with diverse applications. Stunning vistas showcasing our globally significant taonga, combined with early innovation in energy development, laid the foundation for New Zealand’s energy profile and propelled us forward as a global geothermal leader.