skip to content1
Scam Alert: New Zealanders are being targeted by phone scammers. Don’t let anyone who calls you unexpectedly encourage you to install software to provide access to your device. Click here to find out more.

We are experiencing some issues with the Rabobank Online Savings mobile app which means it is unavailable for some Apple users.
Rabobank
 

Rabobank partners with Silver Fern Farms on sustainability-linked financing facility

Rabobank has partnered with Silver Fern Farms (SFF) Ltd, acting as Joint Sustainability Coordinator on Silver Fern Farms’ NZD 320 million sustainability-linked financing facility, announced this week.

Rabobank New Zealand CEO Todd Charteris said the new facility was one of the first of its type for New Zealand’s red meat processing sector.

“Silver Fern Farms and Rabobank have a strong relationship which dates back to 2004 and we share a deep commitment to sustainable food production,” he said.

“As a global food and agribusiness banking specialist, Rabobank has significant experience providing sustainable finance solutions for our clients across the globe, and we are delighted to partner with Silver Fern Farms on this new facility.”

The facility will see Silver Fern Farms receive financial incentives as it delivers on sustainability targets linked to its newly-developed Sustainability Action Plan, while equally paying a premium on its lending margin if it does not achieve these targets.

Silver Fern Farms Chief Financial Officer Vicki McColl said the company was pleased to work with Rabobank, given the bank’s global knowledge and expertise in sustainable finance.”


Todd Charteris and Simon Limmer

Todd Charteris and Simon Limmer

“In addition to enabling further growth of our business, the new facility will help deliver on our sustainability agenda which is firmly focused on meeting customer demand for sustainably produced and processed red meat as well as building new forms of value for our farmer suppliers,” she said.

Mr Charteris said sustainable finance was becoming increasingly common around the world and strong growth was expected in New Zealand’s sustainable finance market in the years ahead.

“Many of our New Zealand-based corporate clients are in the process of developing long-term sustainability targets or already have them in place. Through sustainability-linked facilities, we aim to marry the needs of environmentalism with the needs of capitalism and embed financial incentives to support and reward our clients to achieve their ambitious targets,” he said.

“As part of our ongoing commitment to sustainable finance, Rabobank joined the Net-Zero Banking Alliance in October last year. And as member of this global banking alliance, we have committed to reach net-zero financed emissions across our global portfolio by 2050.”


Rabobank New Zealand is a part of the global Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has more than 120 years’ experience providing customized banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 36 countries, servicing the needs of about 8.6 million clients worldwide through a network of close to 1000 offices and branches. Rabobank New Zealand is one of the country's leading agricultural lenders and a significant provider of business and corporate banking and financial services to the New Zealand food and agribusiness sector. The bank has 30 offices throughout New Zealand.

Media contacts:

David Johnston
Marketing & Media Relations Manager
Rabobank New Zealand
Phone: 027 477 8153
Email: david.johnston@rabobank.com


Denise Shaw
Head of Media Relations 
Rabobank Australia & New Zealand 
Phone: +612 8115 2744 or +61 2 439 603 525 
Email: denise.shaw@rabobank.com