At Arvida we recognise that the choices we make can have a profound effect on New Zealand’s environment, society and economy. We are committed to making good choices that will have a positive impact and support a more sustainable future for New Zealand.
We have embedded sustainability into our business strategy. Our sustainability framework sits underneath our four strategic pillars: Growing Well, Engaging Well, Living Well, and Nurturing Well.
Our sustainability framework
We have developed this framework to help us integrate environmental, social, and economic values across Arvida and its strategic pillars.
Since the adoption of the Sustainability Policy in 2020, we have worked collaboratively with our people and the Arvida board to identify how sustainability will shape the work we do at Arvida. This includes developing a Supplier Code of Conduct that we are working towards introducing across our supply chain.
Climate Related Disclosure Report
We published a Climate Related Disclosures Report in line with the recommendations from the Task Force on Climate-Related Financial Disclosures (TCFD) as part of our Annual Report.Download CRD Report
We are taking action on climate change by reducing our carbon footprint.
Arvida is responding to the challenge of climate change by committing to reduce our emissions, and mitigating and adapting against our exposure to climate-related risks. This year we released our first Climate Related Disclosures Report. It sets out the key physical and transition risks and opportunities we have identified and how we are adjusting to them.
Our carbon footprint
Our greenhouse gas emissions are independently audited by Toitū Envirocare annually.
Electricity and natural gas are our biggest sources of greenhouse gas emissions, together making up about 73% of our emissions. We have several initiatives (outlined on page 52 of our Annual Report to help us identify, understand and reduce these emissions.
Emissions from waste are a significant source of emissions for us, making up around 13% of our carbon footprint. We are actively identifying opportunities to reduce waste in our communities.
Tracking towards net zero
Year on year, we saw a 2.2% decrease in our gross emissions. The reduction was mainly a result of reduced business travel during the COVID pandemic.
Our gross target is to achieve net zero emissions by 2030.
Measuring our progress
On an intensity basis, our emissions reduced by 8.2% during the 2021 financial year.
Emissions Reduction Targets:
- 20% reduction by 2025 on an intensity basis
- 50% reduction by 2030 on an intensity basis
We are developing an emissions reduction pathway to meet our emissions targets. Several projects are feeding into this work, including an analysis of all our gas assets, the business case to replace gas with low carbon alternatives, and an LED and solar rollout across suitable sites. Further details are set out on page 52 of our Annual Report.