Farmers investing in sustainability - Westpac
New Zealand farmers are committed to making their businesses more resilient to climate change and are embracing innovation to help them do so.
Westpac NZ chief executive Catherine McGrath says its customers are telling them that they are seeing strong sentiment for change from their customers, suppliers and shareholders.
"We know that being a sustainable business makes good business sense. It can help to build great teams, connect with consumers, reduce operating costs and support the community.
"So, we have designed a loan to provide tangible support for customers who are wanting to invest in sustainability initiatives.
"This sustainable business loan will help our corporate and agribusiness customers invest in projects that improve the environment, help adapt to climate change, or deliver positive social outcomes for communities or groups.
"It complements the Sustainable Farm Loan but has a more targeted focus on specific assets and projects."
