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Outgoing LIC chief executive Wayne McNee.
Wayne McNee says LIC is well-placed to play a leading role in helping farmers meet sustainability goals.
He told Dairy News that the focus on sustainability provides a massive opportunity to add value to dairying.
McNee, who served on the Sustainability Business Council (SBC) board, was instrumental in the release of LIC's first sustainability report.
LIC is part of the Climate Leaders Coalition, The Aotearoa Council and the SBC.
When joining SBC, members are required to introduce annual three reporting practices, which outline progress on environmental, social, governance and economic issues.
McNee says the report meets those requirements from a business perspective, but it's also an opportunity to demonstrate how LIC is responding to sustainability challenges facing farmers and the New Zealand dairy industry.
"As a farmer-owned co-operative and world leader in pasture based dairy genetics and herd management, we have a critical role to play in helping New Zealand's dairy farmers meet their sustainability goals," he says.
McNee says LIC exists to deliver superior genetics and technological innovation to help shareholders sustainably farm a profitable animal.
"So sustainability is baked into our purpose.
"While many industries only recently began responding to climate challenges, LIC and its farmer shareholders began work over 30 years ago to improve genetic gain within the herd using genomics."
The LIC Sustainability Report has information about its environmental, social and economic performance for the year ended 31 May 2021. McNee says LIC has made great progress on its sustainability journey, especially over the last four years.
Some of these are:
Measuring LIC performance from a social perspectiive is a new feature of the reporting.
Organisational Health Index (OHI) is a McKinsey tool which measures the impact of organisation practices and culture on performance against international benchmarks.
LIC is in the upper end of the second quartile of all tested companies by McKinsey worldwide.
The economic section of the Sustainability Report explains LIC is delivering value to farmer shareholders by investing in initiatives to help them breed the most profitable and sustainable animal.
McNee says LIC is committed to open and transparent reporting on sustainability.
AgriZeroNZ, a joint venture fast-tracking emissions reduction tools for farmers, is pouring $5 million in a biotech company to develop a low emissions farm pasture with increased productivity gains.
Two long-standing LIC farmer-elected directors are stepping down later this year.
Herd improvement co-operative LIC is combining its DNA parentage testing and genomic evaluation services into one convenient service to help farmers identify their highest genetic merit animals.
A bacterial contamination is the likely cause of a semen quality issue that impacted 1,127 herds in October last year, says LIC.
LIC chair Corrigan Sowman believes the company is well placed to support farmers to meet Fonterra’s scope three emissions target.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
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Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
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