Fed Farmers has 'no proof' of emissions lending collaboration: ANZ

Fed Farmers has 'no proof' of emissions lending collaboration: ANZ
Three NZ banks have emissions lending targets for the dairy sector. (Image: Brad Hanson)
Greg Hurrell
The ANZ Bank strongly disputes claims by Federated Farmers that New Zealand banks have colluded in setting emissions targets as part of a global banking alliance.Federated Farmers has called on NZ banks to pull out of the Net Zero Banking Alliance (NZBA) after the sudden withdrawal of the six largest United States banks in December and January.That follows a recent request to the Commerce Commission (ComCom) to investigate NZ banks for anti-competitive practices within their net-zero lending policies.Federated Farmers claims the NZBA membership...

More Primary Sector

Fonterra takes milk off competition, market share slips
Primary Sector

Fonterra takes milk off competition, market share slips

The competition for milk, particularly in the Waikato region, is fierce.

Mohawk Industries looks to take Bremworth private
Primary Sector

Mohawk Industries looks to take Bremworth private

A strategic review was kicked off in February under its previous leadership.

Riley Kennedy 02 Oct 2025
Pāmu looking to exit Spring Sheep Dairy
Primary Sector

Pāmu looking to exit Spring Sheep Dairy

Spring Sheep is looking to “explore potential strategic partnerships” to support growth.

Riley Kennedy 02 Oct 2025