Updated 2023 Governance Statement

channelnz.com


NZX RELEASE
20 March 2023

Updated 2023 Governance Statement
Channel Infrastructure has today published an updated 2023 Governance Statement. Over the last year,
Channel Infrastructure has made a number of changes to its Board and governance processes to align with
its new business, operations and strategy. The updated 2023 Governance Statement reflects a revised
Health, Safety, Environment and Operations (HSEO) board sub-committee.

The HSEO Committee will comprise Paul Zealand (as Chair), Andrew Holmes and Lucy Nation, who each
have specialist expertise in health, safety, environment and operational matters, as well as asset and fuel
supply chain management. The committee will focus on providing support to management and
recommendations to the Board on asset management planning, resilience and emergency response, in
addition to continuing to provide oversight of health, safety, cyber and environmental risks.

Board Chair James Miller said: “Our new Health, Safety, Environment and Operations board sub-committee
structure allows our directors with specialist expertise in these areas to increase their time and focus on
the continued improvement at Channel Infrastructure on asset management, resilience, emergency
response and oversight of health, safety and environmental risks.”

The newly constituted HSEO Committee will meet at least four times each year, and more frequently as
required. The updated Governance Statement can be viewed on the Company’s website, via this link:
Corporate Governance - Channel (channelnz.com).

- ENDS -

Authorised by:
Chris Bougen
General Counsel and Company Secretary
Investor Relations contact:
Anna Bonney
investorrelations@channelnz.com

Media contact:
Laura Malcolm
communications@channelnz.com
+64 21 02363 297

channelnz.com
About Channel Infrastructure NZ
Channel Infrastructure is New Zealand’s leading fuel infrastructure company.
Channel Infrastructure owns critical infrastructure, supplying the Northland and Auckland markets, which
make up 40% of New Zealand’s transport fuel demand and all of the jet fuel to the Auckland International
Airport. Utilising the deep-water harbour and jetty infrastructure at Marsden Point, as well as 280 million
litres of storage tanks, and the 170-kilometre pipeline from Marsden Point to Auckland we receive, store, test
and distribute fuel owned by our customers. Channel Infrastructure’s wholly-owned subsidiary, Independent
Petroleum Laboratory Limited, provides fuel quality testing services at Marsden Point and around New
Zealand.
Channel Infrastructure is well positioned to support New Zealand’s changing future fuel needs, with growth
opportunities at the Marsden Point site including additional fuel storage to support fuel security, renewable
electricity supply through the Maranga Ra solar project, and work underway with customers and partners on
biofuel and hydrogen opportunities.
For more information on Channel Infrastructure, please visit: www.channelnz.com