Task Force on Climate-related Financial Disclosure Statement

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We are committed to supporting the transition to a net zero economy and managing the impacts of climate change. In a time of rapid change, we are positioned to support the transition to renewable energy and evolve to become a network for the future to help empower customers and communities to share and use energy for a better tomorrow.

The net zero economy will fundamentally change energy sector business models, and we have a key role to play in enabling communities across NSW to transition to and benefit from a net zero economy. A key pillar in the journey to net zero will be electrification and we are working tirelessly to ensure the network is ready to facilitate this transition and that customers are supported as they face this change. We continue to evolve our business strategy, governance, and risk management processes to account for climate-related impacts to our business and customers.

Climate change and its associated transition path to net zero presents our business with a unique portfolio of risks and opportunities. The risks largely orientate around the ownership and operation of an electrical distribution network that spans a vast geographic area and will experience climate-related risks. Having modelled the network, we are confident that with the appropriate regulatory and government support and proactive planning, many of these risks can be mitigated.

The opportunities are equally large and may out-weigh the risks. Our network area will host some of the largest rooftop solar levels in Australia, has some of the largest distances to be travelled by electric vehicles and contains three Renewable Energy Zones.

Our Task Force on Climate-related Financial Disclosure (TCFD) statements are part of our commitment to providing meaningful transparency on our approach to managing climate risks and opportunities.

Read our Task Force on Climate-related Financial Disclosure 2022-23.

Track our progress through our past TCFDs

Task Force on Climate-related Financial Disclosure 2021-22 (PDF)

Related links

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