Annual Report

The report describes Vector’s energy-network and technology businesses, alongside its 2024 financial and operational performance. It reports a 19% reduction in emissions across Scopes 1, 2 and 3 from the FY2020 baseline. Vector also reports a company-set target to reduce Scope 1 and 2 emissions, excluding electricity distribution losses, by 53.5% by FY2030; it says the target follows an SBTi methodology but has not been validated by SBTi.