‘Fonterra milking us dry and selling us out’ – Greenpeace Statement

Source: Greenpeace

Fonterra doesn’t care about New Zealand. That’s Greenpeace Aotearoa’s message following the confirmation of sale of Fonterra’s consumer brands this morning.
Greenpeace spokesperson Sinéad Deighton-O’Flynn says, “Fonterra’s CEO Miles Hurrell has shown that he views New Zealand as nothing more than a milk powder factory, creating low-value products to ship overseas for use in Mars Bars.”
“People can’t afford to buy butter, their water is contaminated with nitrate and E. coli, and the worsening impacts of the climate crisis are being felt across the country. Meanwhile, New Zealand’s worst climate polluter has made a killing selling off its consumer brands to French dairy giant Lactalis. Fonterra is milking us dry and selling us all out.”
“While Fonterra makes $4.2 billion from the brand sale, New Zealand’s integrity as a fair and socially responsible country is being whittled away by the impacts of intensive dairying.”
Fonterra is also New Zealand’s worst climate polluter, producing massive amounts of superheating methane gas.
“Fonterra is driving catastrophic climate change.” says Deighton-O’Flynn. “Already this year we’ve seen multiple extreme weather events hitting rural communities hard, and unless Fonterra supports farmers to move away from its intensive farming practices, these events will get worse.”
Over the long weekend, New Zealanders were hit by yet another extreme weather event in the South Island, made more likely due to climate change.
“We all want a stable climate to grow food, access to safe drinking water, and a secure future for our kids. But Fonterra clearly doesn’t care about New Zealanders. Instead of throwing a lifeline, and helping dairy farmers to transition away from destructive intensive dairying, Fonterra is prioritising lining the pockets of its executives.
“Any claims that this sale is good for New Zealanders are built on the fallacy of trickle down economics. The proceeds from the brand sale aren’t going to help New Zealanders struggling to pay for butter at the supermarket or recovering from storm damage, the only thing trickling down in this economy is nitrate and e. coli.”

Business and Dairy – Fonterra farmers approve consumer sale with strong support

Source: Fonterra
 
Fonterra’s farmer shareholders have given the go ahead for the Co-operative to sell its global Consumer and associated businesses, Mainland Group, to Lactalis for $4.22 billion, with 88.47% of the total farmer votes cast in support of the divestment.
 
The final votes on the divestment were cast at a virtual Special Meeting held this morning.  
 
Chairman Peter McBride says the Board and management team were encouraged by the level of engagement from farmer shareholders in the lead up to the vote.  
 
“We’ve been pleased to see so many farmers joining in the discussions since the start of this process in May last year when we first announced the decision to explore divestment options, and especially over the past month or so when the full details have been available,” says Mr McBride.
 
“It helps to demonstrate one of the key things that sets us apart from most other processors – our farmers have a direct say in the future of their Co-operative, and they’ve made the most of that opportunity.
 
“We’re pleased to have received a strong mandate, with 88.47% of the total farmer votes cast in support of the recommendation and 80.59% participation based on milk solids voted. We want to thank all farmer shareholders who voted.”
 
Mr McBride says the decision to divest the Mainland Group businesses is significant and one the Board did not take lightly.  
 
“We have examined the strategic context we operate in, our strengths and how as a Co-op we create value for our farmer owners.  
 
“The divestment will usher in an exciting new phase for the Co-op. We will be able to focus Fonterra’s energy and efforts on where we do our best work. We will have a simplified and more focused business, the value of which cannot be overstated,” says Mr McBride.
 
The threshold required to approve the sale was for more than 50% of the votes from those entitled to vote (based on share-backed kgMS) and who actually voted to be in favour of the proposal.  
 
Completion of the divestment remains subject to securing certain regulatory approvals and the separation of Mainland Group business from Fonterra, both of which are well underway.  
 
Subject to these steps being completed, Fonterra expects the transaction to complete in the first half of the 2026 calendar year.  
 
Fonterra is targeting a tax-free capital return of $2 per share to shareholders and unit holders, equivalent to $3.2 billion, once the sale is complete.  
 
Another shareholder vote will be required for the payment of the capital return. The process for that capital return is expected to be by way of a scheme of arrangement under Part 15 of the Companies Act 1993.  
 
The Co-op plans to provide more detail on the timing and process for the capital return in early December.

About Fonterra  
 
Fonterra is a co-operative owned and supplied by thousands of farming families across Aotearoa New Zealand. Through the spirit of co-operation and a can-do attitude, Fonterra’s farmers and employees share the goodness of our milk through innovative consumer, foodservice and ingredients brands. Sustainability is at the heart of everything we do, and we’re committed to leaving things in a better way than we found them. We are passionate about supporting our communities by Doing Good Together.  

Environment and Health – Greenpeace welcomes glyphosate ruling, urges NZ Food Safety to restart food safety testing

Source: Greenpeace

Greenpeace welcomes a decision by New Zealand Food Safety to maintain maximum glyphosate residue levels on wheat, oats and barley at their current level of 0.1mg/kg, but now calls on NZFS to restart its glyphosate testing programme.
The government had initially proposed increasing glyphosate residue levels by 100-times. But there was overwhelming opposition to the increase among the more than 3,100 submissions on the proposal.
Greenpeace Aotearoa Executive Director Dr Russel Norman says: “This is a great victory. People were totally opposed to the plan to increase glyphosate on wheat, oats and barley.
“However, we also note that NZFA stopped testing for glyphosate after it found residues in food well over the 0.1mg/kg level in 2015/16. We are seeking an assurance from NZFA that they will include glyphosate in their next round of food testing.
” We are also concerned that NZFA has taken no enforcement action in over a decade when it finds pesticides at levels above the legal maximum allowed in food. There is not much point having legal maximums if they are not enforced.”
Glyphosate is classified by the WHO as a probable carcinogen.
“New Zealanders can now eat their cereals and bread with the knowledge that glyphosate levels aren’t increasing and staying the same at 0.1 mg/kg.
“We are also pleased that NZFA has introduced a requirement that, where glyphosate is used on cereal crops, it can only be sprayed prior to the crops emerging, and may not be sprayed directly on crops destined for human consumption.
“A large body of scientific evidence has demonstrated harm to human health and the environment from glyphosate. Our long term goal is to reduce and, where possible, eliminate the use of agrichemicals. Any steps in this direction are welcome.
However, the decision to increase the levels of glyphosate on dried peas to 6 mg/kg is disappointing, says Dr Norman.
“Raising the glyphosate MRL on dried peas gives tacit approval for the increased and ongoing use of agrichemicals in the food system. Instead of making it easier to spray toxic chemicals on our food, the Government should be supporting farmers to transition to ecological farming that protects people and the planet.”

Animal Safety – Two dogs dead in one day at Southland greyhound track

Source: SAFE For Animals

SAFE is calling on Greyhound Racing New Zealand (GRNZ) to begin winding down races immediately, following the deaths of two dogs at Ascot Park Raceway in Invercargill yesterday.
According to GRNZ Stewards’ Reports, both dogs suffered catastrophic spinal injuries that led to their deaths.
Homebush Jelly was found dead at the lure after suffering a suspected fractured neck and severed spinal cord. Moments later, Queen of Shadows sustained a suspected spinal fracture at the lure and was euthanised due to the severity of her injuries.
SAFE Campaign Manager Emma Brodie said the deaths were shocking, but tragically predictable.
“Two dogs dying from broken spines on the same day is horrifying,” said Brodie.
“This tragedy underscores why the Bill to ban greyhound racing is so vital. The Government has taken a historic step by introducing it, but dogs are still dying while the industry clings on in desperation.”
Recent media statements from GRNZ have claimed a “dramatic drop” in injuries. SAFE says those claims are misleading and ignore the ongoing reality of catastrophic injuries and deaths on the track.
“We’re calling on Greyhound Racing New Zealand to accept the inevitable and begin winding down now,” said Brodie.
“The industry should focus on rehoming dogs ahead of closure by August 2026 – not wasting resources on PR spin while dogs continue to be killed.”
SAFE has written to Racing Minister Winston Peters to inform him of the latest deaths and request an update on the timeline for the Racing Industry (Closure of Greyhound Racing Industry) Amendment Bill, including when public submissions will open.
“We’re looking forward to participating in the parliamentary process and seeing an end to this industry by August 2026,” said Brodie.
“Every dog who dies between now and then is one too many.”
SAFE is Aotearoa’s leading animal rights organisation.
We're creating a future that ensures the rights of animals are respected. Our core work empowers society to make kinder choices for ourselves, animals and our planet.
Notes:
  • The Racing Industry (Closure of Greyhound Racing Industry) Amendment Bill was introduced to Parliament on 13 October 2025. The Bill amends the Racing Industry Act 2020 to close commercial greyhound racing in New Zealand from 1 August 2026.
  • Since the Government’s announcement on 10 December 2024 that commercial greyhound racing would end, the industry has recorded a total of 626 injuries, including 91 fractures and 17 deaths. In the current 2025/26 racing season (which began on 1 August 2025), there have already been 165 injuries, 18 fractures, and 5 deaths. 

Fire Safety – Pause and Plan before Burning Storm Debris

Source: Fire and Emergency New Zealand

As the clean-up from last week’s storm continues, Fire and Emergency is asking farmers and lifestyle block owners in Otago and Southland to pause and plan before starting to burn debris.
Otago District Manager Craig Geddes says people might be tempted to push fallen branches, broken fence posts and other debris into piles near where they fell and set them alight, but he says a more deliberate approach will be much safer and effective and will prevent fires from getting out of control.
“The last thing anyone needs now is for their fire to escape and cause more damage to their own property or the neighbours.”
He adds that many firefighters are also trying to clear and repair the damage on their own properties after the storm. “They too will appreciate people being extra careful to avoid causing unwanted fires at this time.”
Southland District Manager Julian Tohiariki says it’s understandable that people are keen to clear their properties. “We’d like to remind everyone to be cautious and make sure their burn piles are a manageable size and extinguished properly so they don’t reignite and get out of hand, given that we are in our windy season.”
There is extensive guidance about burning on www.checkitsalright.nz including a simple “can I light a fire” tool.
Tips include:
– Place the burn pile on the lee side (sheltered side) at least 30 metres away from trees, hedges, sheds or other structures, and avoid powerlines.
– Create a five-metre wide fire break to stop a creeping ground fire
– Let the material dry out. Newly fallen branches and other green material will not burn cleanly, creating more smoke.
– Before burning, always go to www.checkitsalright.nz to check that it is safe to burn and see any restrictions for your location, including if you need a fire permit.
People should also check their local council’s restrictions on outdoor burning and be mindful of their regional council air quality rules.

Economics – RBNZ opens consultation on DTA Standards exposure drafts

Source: Reserve Bank of New Zealand – Te Pūtea Matua

30 October 2025 – The Reserve Bank of New Zealand – Te Pūtea Matua has opened consultation on exposure drafts of four standards to support the implementation of the Deposit Takers Act 2023 (DTA).

The DTA modernises New Zealand's regulatory framework for deposit takers, helping to ensure their safety and soundness, and supporting a stable financial system that New Zealanders can trust.

Exposure drafts are preliminary versions of legislation released for stakeholder feedback before being finalised, explains Director of Prudential Policy, Jess Rowe.

“This consultation builds on extensive engagement with industry and the public throughout 2024 and 2025,” Ms Rowe says. “We are now seeking technical feedback from stakeholders to ensure the exposure drafts align with the policy intent.”

This feedback will help identify any technical issues before the standards are finalised.

Consultation on the DTA Standards will be delivered in three tranches, with the first tranche published today. It includes exposure drafts for the following standards:

  • Liquidity Standard
  • Depositor Compensation Scheme (DCS) Standard
  • Lending Standard
  • Incorporation outside New Zealand Standard

DTA Standards exposure drafts (tranche 1) – Citizen Space: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=84feac4fea&e=f3c68946f8

Consultation on tranches two and three of the exposure drafts will open in February 2026 and June 2026 respectively.

DTA Standards will come into effect on 1 December 2028. The DTA will replace existing prudential legislation with a single regulatory regime for all deposit takers.

DTA timeline – Reserve Bank of New Zealand – Te Pūtea Matua: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=904d935ccc&e=f3c68946f8

Consultation also opens on Group Supervision Policy under the DTA

A companion paper has also been published seeking feedback on our Group Supervision Policy under the DTA. This policy consultation was foreshadowed in the non-core standards consultation paper released in August 2024.

This outlines how we propose to supervise New Zealand deposit takers in group structures, particularly those that have subsidiaries that operate overseas. We welcome submissions on the policy.

Group Supervision Policy under the DTA – Citizen Space: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=2d9a26ba7f&e=f3c68946f8

University Research – Mass claims, mixed results: the class action dilemma – UoA

Source: University of Auckland (UoA)

With class actions making headlines, researchers are asking whether they deliver fair compensation and deter repeat offending.

Mass class actions for personal injury claims don’t always deliver justice for victims or deter wrongdoing, research suggests.

In a journal article, Auckland Law School’s Nikki Chamberlain and Professor Michael Legg (University of New South Wales) examine how class actions, which enable groups with similar claims to pursue a case collectively, operate in Australia and New Zealand.

They say that while class actions can compensate claimants and deter wrongdoing to some extent, significant issues hinder their effectiveness; ‘class actions are necessary, but often not sufficient’, they write.

Although large compensation payments are often awarded, these payments can come years after the wrongdoing was committed, which is particularly problematic when personal injury is involved.

Ultimately, says Chamberlain, this raises questions about whether there's a more effective way to remedy mass damages, and her ongoing research digs deeper into options, including New Zealand's regulatory approach under the Accident Compensation Act.

In the article, published in the bimonthly journal, Laws, Chamberlain and Legg analyse the Australian and New Zealand class action systems, prior research, and three case studies.

Read more: http://www.auckland.ac.nz/en/news/2025/10/29/mass-claims–mixed-results–the-class-action-dilemma.html

Climate – Nationwide study reveals escalating flood risk – Earth Sciences

Source: Earth Sciences New Zealand

New research led by Earth Sciences New Zealand reveals that more than 750,000 New Zealanders live in locations exposed to flooding from one-in-100-year rainfall flooding events. And this number could increase to more than 900,000 with a further 3 degrees of warming due to climate change.
Around $235 billion worth of buildings across the country are exposed, which could rise to $288 billion if there is 3 degrees of additional warming.
26,800 kms of the nation's roads, 14,100 kms of stormwater pipelines and 21% of national grid sites (e.g. substations) are also exposed to flooding under New Zealand’s current climate. This could rise to 30,800 kms, 15,400 kms and 29%, respectively, with 3 degrees of warming.
“Our country’s flood risk is increasing, and not just in places where we can remember floods occurring. This is partly due to climate change – we know rainfall intensity is increasing across Aotearoa, with more rain falling in shorter periods. Rapid urban intensification is another contributing factor,” says Dr Emily Lane, the programme leader and principal hazards scientist at Earth Sciences NZ.
The research revealed significant regional variations in exposure, ranging from 8% of people in Taranaki exposed to one-in-100-year rainfall events under the current climate to 34% on the West Coast.
The findings come from the culmination of a five-year research programme looking at flood risk across Aotearoa New Zealand. The programme involved wide-ranging collaboration with other research organisations, universities, councils, central government agencies and industry.
A major output of the project is the country’s first nationally consistent flood hazard viewer. The researchers applied a consistent method for flood modelling from 1% annual exceedance probability (AEP) rainfall to create new maps for 256 flood plains around the country. It is the first time rainfall flood maps covering different regions of the country can be viewed in a single online tool. The mapping workflow was carried out for New Zealand’s current climate and then repeated for the three climate change scenarios (+1, +2 and +3 degrees of additional warming), compared with the current climate.
“Increasing extreme rainfall due to climate change is one of the biggest and most impactful hazards faced by New Zealand. The building of our towns and flood defences have been shaped by historical floods that are no longer a reliable guide to the future. Predicting how flood risk is going to change is important to ensure we can protect people and places that we value in the most cost-effective way,” says Dr Sam Dean, principal climate scientist at Earth Sciences NZ.
“Our new flood hazard viewer provides a clearer view across the country of which communities are at greatest risk from flooding, now and as the climate changes. The tool can be used to support risk assessments and adaptation investment decisions,” says Dr Dean.
The new flood hazard viewer provides a bird’s-eye view (to street level) to identify areas most at risk – supporting national policy development and risk assessment and helping to make a national case for prioritisation and investment planning. It also fills gaps for locations that don’t already have this information. As the first nationally consistent view of flood hazard available to New Zealanders, it is a significant first step towards a national flood map that will be able to provide property-level information about risk.
Dr Lane says Earth Sciences NZ’s tool is complementary to localised maps already developed by many of New Zealand’s regional and unitary councils.
“It does not replace them. Local and regional flood models can provide the precision needed to understand property-level risk and to design infrastructure,” she says.
Graeme Campbell, River Management Advisor for Te Uru Kahika – Regional and Unitary Councils Aotearoa, has been involved throughout the project.
“In New Zealand, detailed local flood hazard maps are made available by local government agencies and provide essential information for local decision-making. Regional and unitary councils will continue to make these maps available, and the new national tool produced by Earth Sciences NZ does not replace these local flood hazard maps.
“Instead, it adds value by providing information where there are currently gaps and improving the comparability of flood hazard assessments nationwide. Recognising the importance of local flood knowledge and expertise, Earth Sciences NZ has engaged closely with regional council river managers and scientists for the duration of this five-year research program,” he says
Another important part of this research programme, led by Professor Iain White and Associate Professor Silvia Serrao-Neumann of the University of Waikato, involved bringing together river managers, iwi, government agencies, financial institutions and stakeholders. This enabled the research team to ensure that programme outputs would be useable and useful, to explore adaptation options under changing climate conditions, and to design new ways to make decisions, taking into account climate and socio-economic projections.
“Flood risk management is handled differently in different regions, and, to date, there’s no consistent way to assess current flood risk or how this might change under climate change. Local and regional governments also vary in how they manage and reduce these risks. Our research helps to address this by providing a consistent and coordinated approach to understanding, measuring, and communicating flood risk at a national-level,” says Associate Professor Serrao-Neumann.
“Having consistent information is crucial for others to act to manage their own risk – from business to communities to infrastructure providers. This tool helps enable consistent processes for modelling and provides the foundation on which to build national-scale resilience. Providing certainty to decision makers will help avoid passing liabilities to current and future generations,” says Professor White.
The five-year research programme, titled Mā te haumaru o ngā puna wai o Rākaihautū ka ora mō ake tonu, also included a detailed look at complex social interactions for communities affected by flooding, including with programme partners Wairewa Rūnanga.
More on this part of the project will follow.
Further background to the project, including the other parts of the programme and a list of outputs to date: https://niwa.co.nz/hazards/ma-te-haumaru-o-nga-puna-wai-o-rakaihautu-ka-ora-mo-ake-tonu
FAQs
Can I access the flood exposure data for New Zealand and regions?
Please note that this is part of a larger dataset that will be released later this year alongside a report into the exposure modelling methodology.
What does one-in-100-year rainfall or 1% AEP mean?
One-in-100-year rainfall is also called 1% annual exceedance probability (AEP). It means that in any year, there is a 1%, or one in 100, chance of an event that size occurring at that location. It’s important to note that if flooding from a 1% AEP rainfall event happens, it doesn’t mean you’re off the hook for the rest of the century – each year, the risk effectively resets, meaning 1% AEP events can happen several times in the same 100-year period. And as our climate warms and heavy rainfall becomes more intense, what is currently a 1% AEP event will occur more frequently.
When are +1, +2 and +3 degrees of additional warming expected to occur?
Timeframes for additional warming compared with our current climate are uncertain as we don’t yet know how future global greenhouse gas emissions will track. Based on the latest climate projections for New Zealand, 1 degree of additional warming may occur by 2029 (under a higher emissions scenario; SSP585) and by 2042 (under a low scenario; SSP126). Two degrees of additional warming could occur by 2056 under SSP585 or by 2074 under SSP245.  Three degrees of additional warming could occur by around 2076 under SSP585. Lower emissions scenarios (SSP245 and SSP126) do not reach 3 degrees of extra warming through to the end of the century. If the world was to achieve the lowest future emissions scenario (SSP126) – which is possible but unlikely based on current trajectories – we would stay within around 1 degree of additional warming by the end of the century. You can find an explainer on Shared Socioeconomic Pathways (SSPs) herehttps://www.carbonbrief.org/explainer-how-shared-socioeconomic-pathways-explore-future-climate-change/
How does this tool differ from flood maps already available from councils?
Flood hazard can be assessed in a variety of ways and using a range of variables, all of which can give different results. For instance, many council maps provide information at individual property level, which this tool does not. Some maps incorporate flooding from the sea, such as sea-level rise and storm surge inundation (our viewer only shows flooding from rainfall events). Furthermore, flood maps can be created at different resolutions and using different AEPs, and models may include bespoke calibrations that individually address details such as missing culverts or flood defences.
How does this tool differ from the National Flood Map announced recently by the Minister for Climate Change?
The National Flood Map will be based on a national flood model, a national coastal inundation model, and regional and local flood information. It will be the definitive source of information for understanding flood risk both now and in the future.
The work done to date on this flood hazard viewer can provide an important stepping stone towards this National Flood Map. We hope that this work will underpin and vastly speed up the process, so that all New Zealanders get access to a single source of information they can rely on when understanding their hazard risk. 

Population growth slows in all regions – Subnational population estimates: At 30 June 2025 – Stats NZ news story and information release


Reserve Bank of NZ – Protecting independence while embracing partnership

Source: Reserve Bank of New Zealand

29 October 2025 – Reserve Bank Governor Christian Hawkesby has reaffirmed the crucial importance of central bank operational independence, while highlighting the need for partnership to enable the economic wellbeing of New Zealanders.

In remarks delivered to an RBNZ event with industry stakeholders, Mr Hawkesby said that central bank operational independence does not mean complete autonomy or isolation. Rather, he emphasised the importance of the central bank and the government working in partnership.  

He explained the government's critical role in monetary policy and financial stability. This includes owning the pieces of legislation underpinning the Reserve Bank's mandates, outlining policy objectives, and making resolution decisions in case of a deposit taker or financial system failure.

Mr Hawkesby also noted that the central bank's huge responsibility of having operational independence for setting monetary policy and prudential policy needs to go hand in hand with transparency and accountability.

“While respecting each other's roles, a clear division of roles and responsibilities between government and central bank can enable an effective partnership, ultimately supporting the prosperity and wellbeing of New Zealanders,” he said.

Mr Hawkesby also acknowledged that working in partnership needs to extend beyond the central bank and the government.

“We need to work together with our Council of Financial Regulators [1] colleagues, the financial industry, fintechs, academics, the business sector, communities, iwi and a range of other government agencies on the future of money, the future of cash, the future of banking, the future of payments and the future of insurance.”

“The benefits to all New Zealanders will not be achieved without collective commitment and collective action,” he concluded.  

More information:

Protecting independence while embracing partnership – Reserve Bank of New Zealand – Te Pūtea Matua: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=3b4ee90e82&e=f3c68946f8