Pāmu looking to up its climate change game

Tue, 26 Oct 2021

Landcorp Farming – which trades as Pāmu – is looking to up its climate change game.The state-owned farmer will borrow $85 million from Westpac NZ over three years in a sustainability-linked loan.It will receive a pricing discount from Westpac if it meets material and ambitious performance targets. However, it will also pay higher interest costs if it fails to reach them.According to Pāmu, It is the first sustainability-linked loan in the agricultural sector to include a 1.5-degree science-based emissions reduction target that...

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