UPDATE 1-NZ's Fonterra to pay farmers more for sustainable dairy

June 24, 2020 EcoVadis ‏‏‎

Fonterra Co-Operative Group Ltd will incentivise sustainably produced dairy by paying farmers more for such products, the world's largest dairy exporter said on Tuesday.

Sustainable dairy products have limited harmful impact on the environment and animals, and have gained popularity as consumers become more conscious about how food is sourced.

Fonterra said it would pay up to 10 cents per kilogram of milk solids (kgMS) from the June 2021 dairy season to farms that meet its sustainability and value targets.

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

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