Kiwirail Holdings Ltd 2020 IR
The report details KiwiRail's performance and strategic progress during the 2020 fiscal year, highlighting its resilience during the COVID-19 pandemic. Despite a seven percent decline in revenue, the company achieved a credible operating surplus of $40 million through rigorous cost-control measures. Key milestones included securing $1.2 billion in government funding to replace aging assets, such as locomotives and ferries, and the passage of the Land Transport (Rail) Legislation Act 2020 to integrate rail funding into the National Land Transport Fund. Additionally, KiwiRail made significant progress on its sustainability goals, reducing rail freight fuel burn by 4.9 percent and committing to net-zero carbon emissions by 2050.
Company: Kiwirail Holdings Ltd
Sector: Transport & logistics
Country: New Zealand
Year: 2020
Type: IR
Pages: 122
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Kiwirail Holdings Ltd
Integrated Report
The report details KiwiRail's performance and strategic progress during the 2020 fiscal year, highlighting its resilience during the COVID-19 pandemic. Despite a seven percent decline in revenue, the company achieved a credible operating surplus of $40 million through rigorous cost-control measures. Key milestones included securing $1.2 billion in government funding to replace aging assets, such as locomotives and ferries, and the passage of the Land Transport (Rail) Legislation Act 2020 to integrate rail funding into the National Land Transport Fund. Additionally, KiwiRail made significant progress on its sustainability goals, reducing rail freight fuel burn by 4.9 percent and committing to net-zero carbon emissions by 2050.
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Document Details
Report Year
2020
Reporting Period
Jul 1, 2019 - Jun 30, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target
Employees