Farmers have expressed alarm as some banks set targets to reduce emissions when their sector is under growing financial strain.
BNZ has confirmed their dairy emissions reduction target is an 11 percent reduction in financed biological emissions intensity by 2030, against a 2022 baseline.
Federated Farmers has met with BNZ to raise concerns about the target, as the sector is undergoing a difficult period.
The Country's Jamie Mackay explains how these proposed targets would impact the farming sector.
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