NIWA has had a strong start to the financial year, and at the half year stage is well ahead of budgeted revenue and profit. This position is largely due to projects carried over from the last financial year due to COVID-19 delays and additional work for the RV Tangaroa. Costs to date are close to budget.
Science for a resilient future. Despite the challenging impacts of a global pandemic, our 2019/20 Annual Report demonstrates how NIWA has delivered effectively on our six key outcomes across climate, freshwater & ocean science and research.
At the half year stage NIWA’s key financial metrics are generally close to budget with variances being within the normal phasing variation experienced each year, including related to the mix of work performed from month to month.
In the past 12 months the need for excellent environmental science has risen in public prominence, nationally and globally, to a level that is now unprecedented. Around the world this has largely been driven by ongoing extreme weather events and concern for the future of our oceans, but, at home, improving the quality of our rivers and streams has also gained momentum.
Stepping up to the challenge: widening concern for the state of our prized freshwater resources, growing recognition of the need to prepare for climate variability and change, a continuing push for sustainable economic growth based on natural resource use, and repeated assaults by nature – hallmarks of a remarkable year in which NIWA’s expertise, leadership and technical capabilities were in constant demand.