Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Big changes have been announced in Fonterra’s 2019 Sustainability Report.
Co-firing biomass to reduce coal, lifting the number of New Zealand products with health star ratings and launching an emissions profile for every farm headline the report.
While these and other gains are pleasing and have laid some good foundations for the future, Fonterra chief executive Miles Hurrell says there is still a lot of work ahead.
“Our 2019 Sustainability Report is an important step towards sustainability being at the heart of our business,” says Hurrell.
“Given the tough year we had, it would’ve been easy to push sustainability to one side, whereas we have in fact continued to make progress. We’ve underlined our commitment to the importance of sustainability and firmed up plans to do more on climate change, coal, waste and sustainable packaging.
“The report is a discussion with New Zealanders around the kind of world we want to leave for future generations and how we’re measuring ourselves against that ambition.
“I’m focused on being a part of a New Zealand dairy co-op that’s producing nutrition in a way that cares for people, animals and our environment, and brings value to our communities.”
Carolyn Mortland, Fonterra global sustainability director, says this is Fonterra’s third annual Sustainability Report, and reports against its new triple bottom line of Healthy People, Healthy Environment and Healthy Business.
“Establishing our inaugural Sustainability Advisory Panel is a critical move to helping guide us as we continue to strive to be a world leader in sustainably-produced dairy nutrition,” says Mortland.
Highlights from 2019 include:
But Moprtland says there’s still a lot more work to do, such as supporting farmers in their response to climate change and doing more to bring greater gender and ethnic diversity into the business.
“We don’t shy away from the fact that we need to do more against some of our ambitious targets,” Mortland added.
“What is clear is that we made some good progress in a tough year and have set ourselves up for the years ahead.”
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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