Tuesday, 21 January 2025 11:25

Follow the leaders

Written by  Milking It

OPINION: Farmers are urging Kiwi banks and their overseas parent companies to follow the lead of America's six biggest banks and urgently withdraw from the Net Zero Banking Alliance.

Since the start of December, heavyweights JP Morgan, Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs have all exited the UN-backed banking alliance.

Federated Farmers says that these big US banks have seen that their involvement in the Net Zero Banking Alliance is about to come under huge scrutiny.

"They're leaving in droves because of lawsuits for anti-competitive behaviour within the banking sector and growing political pressure.

"Federated Farmers are now calling on our banks to do the same. They need to do the right thing and withdraw from the Net Zero Banking Alliance."

More like this

Editorial: Having a rural voice

OPINION: The past few weeks have been tough on farms across the North Island: floods and storms have caused damage and disruption to families and businesses.

Featured

Lincoln Student Awarded Dairy Scholarship

The South Island Dairy Event has announced Jessica Findlay as the recipient of the BrightSIDE Scholarship Programme, recognising her commitment to furthering her education and future career in the New Zealand dairy industry.

National

Machinery & Products

» Latest Print Issues Online

Milking It

FTA and Uber Drivers

OPINION: Expect the Indian free trade deal to feature strongly in the election campaign.

Ice Cream Deal

OPINION: One of the world's largest ice cream makers, Nestlé, is going cold on the viability of making the dessert.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter