Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Fonterra has launched its ‘carbonzero’ certified NZMP organic butter to the North American market, the first such ingredient product in its portfolio.
Kelvin Wickham, chief executive Fonterra Africa, Middle East, Europe, North Asia, Americas (AMENA), says that ‘carbonzero’ ingredients, like NZMP organic butter, can help unlock real benefits for customers.
“It helps them to meet their sustainability targets, signal environmental values, and grow brand preference and market share through differentiated products,” he says.
“Fonterra New Zealand dairy farming already has one of the world’s lowest on-farm carbon footprints, approximately one third of the global average, putting NZMP in a strong position to offer sustainability solutions that help customers reduce their environmental impact, while claiming an advantage in the market.”
To become ‘carbonzero’ certified, Fonterra has partnered with an independent company called Toitu Envirocare. This company measures the impact of producing the NZMP organic butter, all the way from farm and manufacturing, through to distribution and even the disposal of packaging by customers.
“Understanding our footprint means we can offset our impact with high quality carbon credits from projects, including native forest regeneration in New Zealand and gold standard renewable energy projects,” says Wickham.
Lara Phillips, senior manager of Fonterra Sustainability Solutions says it is delighted to be to offer NZMP customers a way to contribute to a lower carbon future.
NZMP organic butter ‘carbonzero’ certified is currently available to customers in the US. Over time, to support customer needs and demand, NZMP will look to broaden the portfolio to more product categories and regions.
China’s Ambassador Wang Xiaolong says bilateral economic and trade cooperation between China and New Zealand has made significant and rapid progress.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
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.
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