Bank helps clients reduce emissions
Rabobank says climate change creates both risks and opportunities for the bank and its clients and that the food and agriculture sector needs to recognise the potential for both.
Many agricultural loans will now be guided by sustainability considerations including climate change mitigation and adaptation, water use, waste minimisation, labour rights and animal welfare.
This follows the launch last week of the Sustainable Agriculture Finance Initiative (SAFI) guidance.
ASB, ANZ, BNZ, Rabobank and Westpac, and the Ministry for Primary Industries (MPI) joined forces in early 2020 to develop the SAFI guidance, to improve the flow of sustainable finance to New Zealand’s agricultural sector.
The SAFI guidance is intended to support a framework, from the finance sector, for integrating sustainability considerations into funding for New Zealand’s agricultural sector.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
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