Wednesday, 09 August 2023 09:55

New decarbonisation target

Written by  Staff Reporters
Fonterra Australia is lifting its decarbonisation targets. Fonterra Australia is lifting its decarbonisation targets.

Fonterra Australia is lifting its decarbonisation ambition with a new Scope 1 and 2 emissions reduction target.

After previously committing to a 30% carbon emissions reduction by 2030, last month that target was increased to 50% carbon emission reduction by 2030.

Speaking of the commitment, Jack Holden, general manager sustainability, Fonterra Global Markets, says that Fonterra Australia had made great progress towards the 30% reduction target previously set, and it was a good time to lift its ambition.

"In Australia, Fonterra reached a 30% reduction in carbon emissions in FY22, and we are on track to hold this performance for FY23. We have great confidence in our ability to reduce our carbon emissions further and have increased our target to a 50% reduction by 2030," Holden says.

Fonterra Australia remains committed to making a positive, sustainable difference to reducing its impact on climate change, he adds.

"We know we have more to do to decarbonise our business and delivering on our targets. This will make us a stronger business and it is consistent with what customers are asking of us," Holden says.

Fonterra is using the Science Based Target Initiative (SBTI) as the framework to set its emission reduction targets. Fonterra Australia is also supportive of the Australian Dairy Industry Framework's overall target of 30% intensity reduction by 2030 across the whole supply chain of farms and factories.

More like this

Fonterra trims board size

Fonterra’s board has been reduced to nine - comprising six farmer-elected and three appointed directors.

Returns 'not good enough'

Fonterra leaders are making their case for offloading the co-operative's $3 billion consumer business, noting that its return on capital has been nowhere near respectable.

Record milk price!

A record farmgate milk price for Fonterra shareholders is all but confirmed for this season.

Chinese strategy

OPINION: Fonterra may have sold its dairy farms in China but the appetite for collaboration with the country remains strong.

Featured

Massey Research Field Day attracts huge interest

More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.

Expo set to wow again

Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.

A year of global challenges

As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.

National

OSPRI's costly software upgrade

Animal disease management agency OSPRI has announced sweeping governance changes as it seeks to recover from the expensive failure of…

Machinery & Products

BA Pumps expand

Cambridge based BA Pumps & Sprayers, specialists in New Zealand-made spraying equipment, has acquired Tokoroa Engineering’s product range, including the…

Entries open for innovation award

Fieldays and its renowned Innovation Awards are celebrating their 57th year, marking a longstanding tradition in the agricultural calendar, with…

» Latest Print Issues Online

Milking It

Chinese strategy

OPINION: Fonterra may have sold its dairy farms in China but the appetite for collaboration with the country remains strong.

Not fair

OPINION: The Listener's latest piece on winter grazing among Southland dairy farmers leaves much to be desired.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter