Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
At least 3.4 billion litres of water will be saved every year under new water targets Fonterra launched this month, the co-op says.
Six of its factories in water-constrained regions will reduce their water use by 30% by 2030 in a bid to accelerate sustainability, says chief operating officer global operations Robert Spurway.
“For some parts of New Zealand, water isn’t always in the right place at the right time,” said Spurway. “This means our water use in these regions can put stress on local water sources and the communities that rely on them.
“Reducing our water use at our manufacturing sites is the right thing to do for the environment and for the communities we operate in.”
The six sites are Maungatoroto, Lichfield, Brightwater, Darfield, Edendale and Clandeboye.
Spurway says the targets will ultimately result in better efficiency and outcomes.
“We’ve focused on the six sites where major water savings can have the greatest impact. This means we can target efforts and investment in regions most in need.”
All other Fonterra sites will take steps to keep water use to FY18 baselines.
“Some initiatives are underway and more are in the pipeline. This target will require clever ideas and creative thinking.”
The co-op also has the following plans:
• No more coal boilers or increasing capacity to burn coal
• Reducing emissions by 30% at all factories by 2030, on the way to net zero by 2050
• Improving the energy intensity of sites by 20% by 2020
• No solid waste to landfills by 2025
• 100% recyclable, reusable and compostable packaging by 2025
• A tailored farm environment plan for every Fonterra farmer by 2025
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Two major red meat sector projects are getting up to a combined $1.7 million in funding from the New Zealand Meat Board (NZMB).
Angus Barr and Tara Dwyer of The Wandle, Lone Star Farms in Strath Taieri have been named the Regional Supreme Winners at the Otago Ballance Farm Environment Awards in Dunedin.
OPINION: The distress that the politicians and bureaucrats are causing to the people of Wairoa and the wider Tairāwhiti is unforgivable.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.