Fonterra appoints new CFO
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
Fonterra is aiming to make all its Australian dairy product packaging either reusable, recyclable or compostable by 2025.
The co-operative has 26 sustainable packaging projects underway in Australia and has invested significantly in this area. As well as creating greater opportunities for recycling, Fonterra Australia is also focused on ways to make packaging more sustainable.
This includes removing the cardboard sleeve from its Mainland On The Go Lunch snacking range, which has reduced the need for 47 tonnes of paperboard per annum.
Fonterra Australia's sustainability packaging manager, Jenny Phillips says the co-op has set itself a significant challenge in the sustainable packaging space.
"And we are making good progress on our goal," says Phillips.
"We have also changed to a recyclable PET tray and increased the shipping efficiency of the product to reduce corrugated carton board by another 10 tonnes per annum. All up, this has resulted in significant financial savings for the busines, as well as demonstrable environmental improvements. It's a win-win," she says.
Fonterra Australia is committed to supporting a new pat for soft plastic packaging and is a foundation supporter of the National Plastics Recycling Scheme (NPRS).
The NPRS soft plastics project is being developed by Australia's food and grocery manufacturing industry, with funding support from the federal government.
The aim is to enable people to recycle soft plastics at home and create a new advanced recycling industry in Australia that can turn used soft plastics back into new food-grade packaging.
Phillips says there are strong benefits in using plastic packaging, as it plays an important role in keeping food safe and reducing waste, which also has a considerable environmental impact.
"However, the move to more sustainable packaging is an important step in creating a circular economy where packaging can be recovered, reused, recycled and reprocessed back into a food-grade solution," she says.
OPINION: The recent Federated Farmers / Rabobank 2024 Farming Salaries Report revealed strong growth in farm salaries over the past two years.
The low unemployment environment is one of the key factors driving on-farm salaries higher over the past 24 months, says Rabobank general manager for country banking Bruce Weir.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
A seminar on rural dispute resolution has been organised at Lincoln University, Christchurch this month.
The legacy of Dr Peter Snow continues to inspire as the recipients of the 2023 and 2024 Peter Snow Memorial Awards were announced at the recent National Rural Health Conference.
One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.