increase font size
ANZ managing director for business Lorraine Mapu.
ANZ says businesses are now realising the advantages of clean transport options and this is driving huge change.
"Customers are increasingly coming to us for support and guidance, asking us what they can do, and how they can invest to future proof their businesses," says Lorraine Mapu, ANZ managing director for business.
In response, the bank says it has expanded the scope of its Business Green Loan. This means business customers can now use the loan to replae their fossil-fuelled fleet with electric vehicles.
"An important part of our role as a bank is to support the shift to more sustainable practices by removing some of the cost barriers businesses face," Mapu says. "Investing in clean transportation can help reduce emissions and increase efficiency."
She says expanding its Business Green Loan to include electric vehicles and clean transport options is one important way the bank can help.
ANZ's Business Green Loan allows eligible customers to borrow up to $3 million at a special floating rate. This can be used for investments in renewable energy, energy efficiency, sustainable land and water us, and the building renovating, or purchasing of green buildings and clean transport.
"Farmers who have taken up the loan, have told us that the special rate meant that it made good sense from a business standpoint, and this helped justify their decision to make a change," Mapu claims.
Dairy and beef farmers could be eligible for lower interest lending options for financing Halter on their farms, with ANZ, ASB and BNZ now offering a pathway to sustainability loans for New Zealand’s largest virtual fencing provider.
OPINION: Groundswell has given ANZ a shout-out for, so far, being the only one of the big four Aussie-owned banks not to set emissions reduction targets for its dairy sector loan book.
Major rural lenders are welcoming a call by farmers for the Commerce Commission to investigate their net-zero emissions target.
ANZ agricultural economist Susan Kilsby is describing the 2024-25 dairy season as ‘a cracker’.
ANZ says the latest cut to its floating rates will be welcome news to many of its business and agri customers still feeling the effects of high inflation and interest rates.
As the New Zealand Dairy Industry Awards night unfolded, it became evident that Waikato’s Thomas and Fiona Langford were the frontrunners for the biggest prize of the night – the 2025 Share Farmers of the Year award.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.
AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and…
OPINION: Despite the volatility created by the shoot-from-the-hip trade tariff 'stratefy' being deployed by the new state tenants in the…
