Westpac NZ Becomes First Bank to Accept Zespri Shares as Lending Security
Westpac NZ has become the first New Zealand bank to receive approval from the Reserve Bank of New Zealand (RBNZ) to secure and leverage kiwifruit growers' Zespri shares.
Seven catchment groups across New Zealand have been awarded $10,000 grants as part of the Westpac Water Care Project.
The joint initiative with NZ Landcare Trust has seen 24 initiatives that support biodiversity, river health, and wetlands receive funding since the scheme began in 2022.
Dr Nick Edgar, chief executive of NZ Landcare Trust, says the progress made by each of the grants recipients over the years creates a strong legacy of positive action on the ground since 2022.
"Catchment groups have used their grants to achieve meaningful environmental outcomes in their regions," Edgar says.
He says that while each project is different, all of them are designed for the betterment of sustainable land practices and the improvement of water quality across the coluntry.
"Now, it's time for the 2026 grant recipients to embark on their projects and add to the legacy that this fund is creating," Edgar says. "It's strong, positive and meaningful work that we are proud to be a part of."
Westpac NZ head of agribusiness, Richard Anderson, says rural communities and farmers have long been at the forefront of enhancing and protecting the natural environment.
"We're proud that our NZ Landcare Trust partnership enables us to support this important grassroots work," says Anderson.
"We're committed to helping New Zealanders look after their own backyards, and our network of Agri bankers also directly support many of our farmers to enhance their farms through our Sustainable Farm Loan, which provides benefits for the whole catchment area," he says.
As part of the project, Westpac employees throughout the country volunteer their time to work alongside local catchment groups and NZ Landcare Trust’s coordinators.
In 2025, 77 Westpac team members helped with different projects.
“All of Westpac’s 5,000-plus employees receive two volunteer leave days each year, and we’ll once again be encouraging our staff to get their hands dirty alongside other passionate locals on these projects,” Anderson says.
“Last month our Taranaki team used one of their volunteer days to assist Taranaki Catchment Communities on a site in Awatuna, planting more than 100 trees and shrubs to improve water quality.”
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