Our Aim
Our aim is to operate as a commercially-focused sustainable company providing responsible energy solutions to our customers. This underpins the way we operate and do business, how our staff interact with stakeholders, and can be seen in our efforts to reduce our impact on the environment.
Shareholder Objectives
The principal statutory objective we have, as stated in the State-Owned Enterprises Act 1986, is "to operate as a successful business." We are committed to sustainable practices, extending beyond profit maximisation and to achieve the ends goals of:
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To be as profitable and efficient as comparable businesses that are not owned by the Crown.
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A good employer.
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An organisation that exhibits a sense of social responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate or encourage these when able to do so.
Details of our plans, including five-year targets, to achieve shareholder and company objectives are provided in the Statement of Corporate Intent 2008/2009 - 2013 .
Company Objectives
To achieve sustainable business growth, we are committed to the following objectives:
- Deliver on shareholder value expectations by achieving a return that is greater than the company’s weighted average cost of capital
- build more generation capacity
- optimise the generation and trading business
- provide more customers with electricity, gas and a choice of energy-related products
- take the Genesis Energy brand to all of New Zealand
- continue to build our understanding of stakeholder expectations
- successfully retain and develop our intellectual knowledge
- have the right people doing the right things
- enhance our systems and processes
By delivering on these objectives across the energy value chain we will work towards achieving our vision, delivering on shareholder value while contributing positively to New Zealand’s energy sector and the broader community in which we operate.
Working hard to achieve this balance will bring success to Genesis Energy and New Zealand.
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