Westpac has set tougher climate targets for Kiwi dairy farmers than it has for their Australian counterparts. 

The bank wants to reduce the emissions of all dairy farms it finances by 10% by 2030. 

To achieve this, the bank has told Australian farmers to get emissions down to 0.85 tons of carbon per ton of milk – but Kiwi farmers must get emissions down even further to 0.75 per ton of milk. 

Banking spokesperson for Federated Farmers, Richard McIntyre questions the banks role in setting emissions targets for farmers. 

“We’ve already got the Government setting targets for us and we’ve also got our processors, meat companies setting targets for us.” 

McIntyre says Kiwi farmers are already ahead in their efficiency gains compared to Australia. 

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