Transpower New Zealand Ltd 2024 IR
The report outlines Transpower's performance and strategic progress for the fiscal year 2024, marking 30 years as a state-owned enterprise. During the year, the company successfully connected four new renewable generation projects, completed its first new Grid Exit Point since 2013, and achieved 95% of its 2030 greenhouse gas emissions reduction target. However, a significant transmission tower collapse in June 2024 caused a major power outage in Northland, for which the company apologized and initiated investigations. Financially, Transpower reported a net profit after tax of $90 million, down 29% due to tax legislation changes, while capital expenditure increased by 25% to $475 million to support the ongoing energy transition.
Company: Transpower New Zealand Ltd
Sector: Energy utilities
Country: New Zealand
Year: 2024
Type: IR
Pages: 122
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Transpower New Zealand Ltd
Integrated Report
The report outlines Transpower's performance and strategic progress for the fiscal year 2024, marking 30 years as a state-owned enterprise. During the year, the company successfully connected four new renewable generation projects, completed its first new Grid Exit Point since 2013, and achieved 95% of its 2030 greenhouse gas emissions reduction target. However, a significant transmission tower collapse in June 2024 caused a major power outage in Northland, for which the company apologized and initiated investigations. Financially, Transpower reported a net profit after tax of $90 million, down 29% due to tax legislation changes, while capital expenditure increased by 25% to $475 million to support the ongoing energy transition.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees