Sustainable governance, financial and risk management foundations

Te Teo is the foundational pillar of our work. Drawn from the te ao Māori concept of a hitching stake, Te Teo underpins and supports the delivery of our pou through robust governance, good financial management and identifying and mitigating risk.

Supporting links

Who we are
Disclosures and submissions
  • Te Teo

    Engaging with communities

    Goals and targets

    Here’s what we want to achieve for Te Teo over the short and long-term. 

    Goals and targets FY25

    • Enterprise risk management - At least a third of FY25 business
      plan initiatives include uniform risk assessment, Risk Appetite
      Statement, and action plan.
    • Financial stability - Maintain our existing S&P credit rating (BBB).
    • Financial stability - Secure regulatory settings that enable us to
      fund and deliver our strategy.
    • Sustainable governance - Minimum of two ESG professional
      education sessions undertaken by our Governance Board.
    • Sustainable governance - Undertake an annual review of
      the performance of the Audit and Risk, Regulatory and Asset
      Management, Treasury and HR and Remuneration Committees’
      performance against their Charters, and the Board’s performance
      against the Health and Safety Charter.
  • Te Teo

    Sustainable governance, financial and risk management foundations

    What we’ve done FY24

    We’ve been making progress towards our goals and targets. Here’s what we worked on between 1 April 2023 and 31 March 2024.

    What we've done FY24

    • We implemented a refreshed enterprise risk management
      framework through the delivery of 11 risk deep dives, aligned to
      our four strategic priorities and assessed in a consistent manner
      using environmental, social, governance and operational risk
      criteria. This provided a modern approach to risk, aligned with our
      strategy processes and integrated across the business.

Unlocking green finance 

Our mahi: During FY24 we established a Green Finance Framework to demonstrate that we manage our electricity assets while meeting rigorous climate mitigation, adaptation and resilience standards. The Framework supports our Climate Bonds Initiative (CBI) certification which is used to access sustainability-linked green loans and bonds. Our Framework is just part of our sustainability journey and commitment to enabling the sustainable energy transition. 

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