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Westpac New Zealand is moving to offer discount loans for businesses attaining environmental targets.
It's signed an $85 million loan with Pamu, also known as Landcorp, New Zealand's biggest farming business with 114 farms around the country.
Pamu will receive a pricing discount from Westpac if it meets specific environmental targets - including a 1.5-degree science-based emissions reduction target.
Kathryn speaks with Westpac NZ's General Manager of Sustainability and Strategy, Karen Silk and Chief Executive of Pamu, Steve Carden.