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New report exposes gaps in how NZ manages natural hazard risk

IAG’s latest report warns NZ is falling behind in managing growing natural hazard risks, with spending too focused on recovery rather than prevention. It identifies 42 gaps that must be addressed over the next 15 years, including how and what is built, and the need to improve knowledge, resources, and governance to support NZ’s long-term resilience.

The Treasury today released a new report providing indicative estimates of the potential fiscal costs that could be associated with purchases of offshore mitigation towards NZ’s Nationally Determined Contributions (NDCs) under the Paris Agreement. Under the scenarios examined, possible costs to honour initial commitments could be up to $5 billion dollars. Treasury says the estimates do not reflect any government intentions or decisions.

Toyota tops Kantar’s 2026 Corporate Reputation Index

Toyota New Zealand has topped Kantar’s 2026 Corporate Reputation Index for the third consecutive year, with rankings delivered in partnership with fellow SBC member Wright Communications. The recognition reflects strong trust and reliability of Toyota during uncertain times, reinforcing that New Zealanders increasingly favour organisations that act responsibly.

In a recent article, Toitū highlights evidence that businesses that maintain momentum on climate action through downturns emerge stronger, with better cost control and clearer risk visibility. Those that delay action face higher, more urgent costs later, reinforcing that continued investment in resilience supports long-term competitiveness.

Waikato Regional Council launches new energy plan

The Waikato Regional Council has launched a new energy strategy (2026-2050) to strengthen energy security, reduce emissions and unlock economic opportunities. Focused on affordable and sustainable energy, it envisions developing renewable strengths, with modelling suggesting it could reduce emissions by 77% and add $4.5b to the economy.

Shannil Varma, CLC Manager recently attended the Carbon and Energy Professionals (CEP) Conference, joining energy and carbon leaders to discuss the challenges and opportunities shaping our transition to a low-emissions economy. The event was attended by CLC signatories and SBC members, with a selection delivering sessions, helping shape conversations.

Genesis on the good oil

Genesis has introduced a more sustainable approach to maintenance by replacing transformer oil with regenerated oil at its Tuai Power Station, reducing waste, avoiding emissions and preventing transformer failures. This marks the first full transformer oil replacement using regenerated oil to solve corrosive sulphur contamination, demonstrating efficiency and sustainability improvements.

NZICC, part of Sky City Entertainment Group, has achieved EarthCheck Silver Certification with zero non-conformities - the first convention centre in Aotearoa NZ to reach Silver on its first assessment. Grounded in manaakitanga and partnership with Ngāti Whātua Ōrākei, this milestone reflects a day-to-day commitment to sustainable operations and community responsibility.

Meridian Energy upgrade boosts hydro power performance

In a new video, Meridian Energy shares the work behind reinstalling a 240-tonne generator rotor at Ōhau A power station. The rotor plays a critical role in generating energy in a hydro station and the reinstallation has restored 8MW of capacity and strengthened long term performance, helping deliver renewable electricity to around 144,000 kiwi homes.

Lever Room’s Rebecca Mills was on the ground last week attending Sustainability Business Live Melbourne 2026. In a recent blog, she shares insights on how sustainability information is becoming commercial infrastructure. Sustainability data is now shaping capital, procurement, assurance, risk management, reputation and growth.

Counties Energy scales up hot water demand flexibility for all electricity retailers

Counties Energy has expanded its hot water demand flexibility service following a successful pilot, making it available to all electricity retailers on its network. The solution, using Internet of Things (IoT) and smart meter technology, reduces peak demand and is estimated to save customers up to $150 annually.