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

IrrigationNZ warns RMA reform may miss water needs

Irrigation NZ is warning that the government's Resource Management Act (RMA) reform risks falling short of its objectives unless water use for food production and water storage infrastructure are clearly recognised in the goals at the top of the new system.

National

Trev Integrates with LIC MINDA

Farm software outfit Trev has released new integrations with LIC, giving farmers a more connected view of animal performance across…

Machinery & Products

» Latest Print Issues Online

Milking It

Happy Days

OPINION: The good news keeps getting better for NZ dairy farmers.

Begging Bowl

OPINION: With export of livestock by sea dead in the water, opponents of the Gene Technology Bill think they can…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter