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A Boeing Dreamliner 787-9, from the Air New Zealand fleet. Photo: Supplied/ Air NZ
Air New Zealand has scrapped its 2030 carbon emissions targets - so what are its climate goals and will long haul travel to and from New Zealand need to reduce?
New Zealand has an ambitious plan to reach net zero emissions by 2050, which both major political parties have committed to.
Recent data suggests that transport and agriculture are the two areas with the highest risk of missing climate targets, unless further action is taken.
But Air New Zealand has just become the first major carrier to scrap its 2030 targets - blaming difficulties securing more efficient planes and sustainable jet fuel.
Yesterday the airline reported a full year profit for the financial year ended June down 65 percent to $146 million, compared with $412 million the year earlier.
Kathryn speaks with Air New Zealand's Chief Sustainability Officer Kiri Hannifin.
Sanel Tomlinson, a partner with KPMG, specialising in Sustainable Value, discusses how large New Zealand businesses are responding to the now legal requirement to report on climate-related risks and opportunities.