Acronyms and glossary
Glossary of terms and acronyms from the annual report.
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Financial commentary
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.
Introduction
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.
Sustainability
MBIE’s sustainability framework supports both the Government’s commitment to having a carbon neutral public sector by 2025 and broader cultural, economic, environmental and social outcomes for the country in the transition to a low-emissions economy.
Wellbeing, health and safety
Workplace wellbeing, health and safety continues to be a focus for MBIE. MBIE’s online wellbeing hub, Te Puna Ora, offers practical information on managing wellbeing, along with access to support services to those within the organisation.
Our people
At 30 June 2023, we employed 6,515 people. Our strength is in the diversity of our people whose work supports communities and businesses across Aotearoa New Zealand. We aspire to better reflect the communities we serve and manaaki (uplift and care for) one another to deliver for New Zealanders.
Ministerial portfolios
MBIE has a diverse range of policy and service delivery responsibilities, with a significant influence on the economic success of Aotearoa New Zealand and the broader economic, social and environmental wellbeing of its people. We lead 13 portfolios across 3 Votes (seen below), we manage 18 regulatory systems and are responsible for over 115 acts.
Outcome 5: A dynamic business environment fostering innovation and international connections
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.
Outcome 2: Skilled people engaged in safe and fulfilling work
Supporting a responsive labour market where people are protected and can make the best use of their skills.
Leadership, governance and risk
MBIE’s chief executive is accountable for the leadership and overall performance of the organisation and has representation on various boards and governance entities, such as the Council of Financial Regulators.