Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
Fonterra aspires to play a global leadership role in reducing biological emissions in dairy, says Francesca Eggleton, the co-op’s group environment manager.
New Zealand is among the most emissions-efficient producers of milk, Eagleton told ‘Facing Disruption’, the recent Australia-New Zealand Climate Change and Business Conference in Auckland.
She says we can share knowledge and innovation while helping reduce domestic emissions. Dairy produces 25% of NZ’s greenhouse gas emissions.
Innovation will play a key role in addressing the problem.
“We clearly have a role to play in meeting the Paris agreement. Fonterra is NZ’s second-largest user of coal so again, we clearly have a role to play,” Eagleton says.
Fonterra’s vision for 2050 is to get its fossil fuel emissions down to net zero.
“We need to nail soil carbon storage and methane storage as well. We need to nail precision farming and keep working with our farmers to help them lower their environmental footprint.”
Eagleton says along with Fonterra’s 2050 targets it also has shorter-term targets. More information on those will be coming out shortly.
Last year, with the UN’s Food and Agriculture Organisation, Fonterra signed the dairy declaration setting out the key role dairy has to play in the UN sustainable development goals -- including climate action and livelihoods.
Dairy is a huge provider of livelihoods – and food security – in rural communities, Eagleton points out.
“We would like to say ‘nutritional security’ because it is not the calories that matter, it is how much nutrition you are getting and dairy is extremely nutritious.”
Collaboration is the key and Fonterra has partnered with DairyNZ on the Dairy for Climate Change Action Plan which sets out a framework for how the dairy industry will contribute to the Paris agreement.
“It is a phased approach and the first phase is very much focused on getting the foundations right. It is about making sure we’ve got the right education and awareness, demonstration farms, pilot measurement and then continuing to work on what that looks like.”
Penske Australia & New Zealand has appointed Stephen Kelly as the general manager of its Penske NZ operations, effective immediately In this role he will oversee all NZ branch operations, including energy solutions, mining, commercial vehicles, defence, marine, and rail, while continuing to be based at Penske’s Christchurch branch.
According to the latest Federated Farmers-Rabobank Farm Remuneration Report, released today, farm worker pay growth has levelled off after a post-Covid period of rapid growth.
The Climate Change Commission has recommended maintaining the current New Zealand Emissions Trading System (NZ ETS) settings but warns of a potential unit shortfall as early as 2028.
The Conservative Party warns that the upcoming free trade agreement between New Zealand and India may prioritise increased labour mobility while offering limited reassurance for New Zealand workers.
Southland District Council says it is actively managing the impacts of the current fuel supply challenges to ensure essential services across the district continue to operate safely and reliably.
A large crowd turned out for the last of the field days of the three finalists in this years Ahuwhenua Trophy to determine the top Maori horticulture entity in Aotearoa New Zealand

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