BNZ is offering a loan discount to dairy investor Southern Pastures, if it meets water and biodiversity targets on its farms, in a New Zealand first. The $50 million sustainability-linked loan is a pilot but BNZ will roll it out more widely if successful. BNZ chief executive Angela Mentis said the bank would increasingly use lending linked to environmental targets with farmers, agribusiness and other sectors to meet the county's climate change obligations. “There is great work under way on New Zealand farms, throughout the primary sector and other sectors. Supplied BNZ chief executive Angela Mentis said the bank would increasingly link lending to environmental targets with farmers.

Source: Stuff February 28, 2021 15:56 UTC