ANZ's green loan adapts to changing environment

ANZ NZ CEO Antonia Watson and Hautapu Pine managing director Susan Benson on a tour of the manufacturing company's plant. (Image: ANZ)

Greg Hurrell

Mon, 09 Sep 2024

Since ANZ Bank launched its green loan for business two years ago, Auckland has flooded, and Cyclone Gabrielle has devastated parts of the North Island.ANZ NZ chief executive Antonia Watson said the severe weather in 2023 was a learning experience.“Because of the cyclone, we realised that erosion plantings and shelterbelt plantings were becoming important," she said.Watson said the floods had washed away many earlier riparian plantings, which was an important lesson on where to plant.“They had to be the right tree in the right...

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