Westpac has been accused of hypocrisy over punishing Kiwi farmers for their emissions while investing in fossil fuels.

Westpac is among the major banks that introduced emissions reduction targets for farmers - including reducing the emissions intensity of the dairy farms it finances in Australia and New Zealand.

However, these targets translate into Westpac Australia allowing Australian dairy farmers to continue producing more CO2-equivalent emissions per tonne of milk than New Zealand dairy farmers.

Chief executive Catherine McGrath says Kiwi dairy farmers start at a better level than their Australian counterparts.

LISTEN ABOVE

 

Westpac has been accused of hypocrisy over punishing Kiwi farmers for their emissions while investing in fossil fuels.
Westpac is among the major banks that introduced emissions reduction targets for farmers - including reducing the emissions intensity of the dairy farms it finances in Australia and New Zealand.
However, these targets translate into Westpac Australia allowing Australian dairy farmers to continue producing more CO2-equivalent emissions per tonne of milk than New Zealand dairy farmers.
Chief executive Catherine McGrath says Kiwi dairy farmers start at a better level than their Australian counterparts.
LISTEN ABOVE
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Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Catherine McGrath: Westpac chief executive defends tough emissions targets for Kiwi farmers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/069037f1-dca2-4cf6-b6ee-b22f006488e4/transcript

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