Pāmu FY26 Report: Profit More Than Doubles to $113m
Pāmu has released its FY26 Integrated Annual Report, reporting a Net Operating Profit of $113 million, more than double the $49 million recorded in FY25.
The panel’s six members include four from outside Pamu: Kate Beddoe, chief sustainability and risk officer at Silver Fern Farms; Carolyn Mortland, who is on Zespri’s sustainability advisory board and a former director of global sustainability at Fonterra; Richard Gordon, former chief executive of Landcare Research; and Luke Harrington, a climate scientist and lecturer at Waikato University.
The other two members are Pamu directors Desiree Mahy and Belinda Story, who will chair the panel.
The panel takes over the work of the company’s environmental reference group and visionary vets one health group, which have been disbanded.
The panel’s scope is to consider all relevant sustainability matters, says Pamu chief executive Mark Leslie.
“However, given the impact of climate change and the urgent need to find solutions to reduce on-farm emissions while building resilience to adapt to climate changes, the panel’s major focus will initially be in these areas.
“We envisage the panel as a critical friend, who will constructively challenge Pamu while providing new information, insights and points of view.”
Pamu’s commitment to tackling climate change includes actions such as linking future bank loans to sustainability goals including year-on-year emission reductions, working with partners on farm emissions reduction projects, methane reduction trials, lowering its environmental footprint through organic dairy and nitrogen reduction, land use change through horticulture and integrating trees into the landscape on marginal farming land.
The panel, which met for the first time last month, will report to the board on a periodic basis to ensure the board has an independent view of the work the company is doing. The panel will be supported by Pamu chief sustainability and risk officer Annabel Davies as well as Leslie.
Pamu is the brand name for Landcorp Farming- New Zealand’s largest farmer with a nationwide portfolio of 116 farms covering 360,000 hectares that produce milk, beef, lamb, wool and venison.
