Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Fonterra Environmental Initiatives


Fonterra Environmental Initiatives To Be Discussed At Further Round Of Shareholder Consultation

The Fonterra Board today confirmed its commitment to progress the environmental and animal welfare initiatives currently before its shareholder farmers, and announced an extended timetable to ensure full and informed farmer feedback on those initiatives.

Chairman Henry van der Heyden said there no doubt that the initiatives were critical to the company's future success, but there had been a lot of misinformation circulated about them.

"Our farmers need the opportunity to gain a clear understanding of what is proposed," he said.

"We want to take farmers with us on these important initiatives, and that means taking more time to discuss the issues properly.

"In particular, farmers need time to focus on the details of the Assessment Proposal. This is the way farmers will be measured against their progress towards environmental and animal welfare performance targets. As such it is the key initiative and the one that affects farmers most directly."

The new consultation timetable will allow for further discussion on the environmental and animal welfare initiatives at the half-year round of meetings in March 2003, and will extend the time for written submissions.

Mr van der Heyden said that Fonterra is committed to the direction and principles encompassed in the Clean Streams Accord.

"Achieving a marked improvement in environmental standards is very important to Fonterra's business growth, internationally and domestically," he said.

"Fonterra and the New Zealand dairy industry currently have a clean, green image. This is coming under greater scrutiny from customers, consumers and regulators.

"As Fonterra moves to increase its presence in high value consumer and ingredients markets that scrutiny will only intensify.

"We need to aspire to high environmental standards in order to safeguard our future prosperity," he concluded.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news