- Covid-19 related factors impacting financial performance
- Lower prices for venison on global markets and weak prices for coarse fibre wool
- Labour market shortages
- Need to make the business more climate and environmentally friendly
- Significant change and uncertainty in the operating environment due to Covid-19, market disruptions, climate change, and environmental and human wellbeing concerns
- Uncertainty over returns, costs, and supply chain functioning due to Covid-19 disrupting markets and trade links
Landcorp Farming Limited
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, Landcorp Farming Limited disclosed greenhouse gas emissions of 414.9K tonnes CO2e/year (net). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
414.9K tonnes CO2e/year (net)
2021
✅ Reported Environmental Achievements
- Reduced GHG emissions on farms we own (net) from 255,100 tonnes CO2e in 2020 to 236,501 tonnes CO2e in 2021
- Reduced GHG emissions on all farming operations (net) from 470,893 tonnes CO2e in 2020 to 414,900 tonnes CO2e in 2021
- 12.5% reduction in winter cropping between 2018-2020 and improved winter grazing practice
- Increased total area retired and protected in QEII covenants from 8,861 hectares in 2019 to 9,940 hectares in 2021
- Increased total area in forestry plantation from 9,458 hectares in 2019 to 12,190 hectares in 2021
- Five dairy farms attained full organic certification by October 2021
🎯 Climate & Sustainability Targets
🔜 Short-term
- Average 2% per annum increase in profitability in core farming businesses for the next 3 years
📅 Medium-term
- Plant business (incl. ecosystem services) delivering $15m EBITDAR
- Speciality dairy business delivering 5% of EBITDAR
- Reduce carbon emissions on farm in line with commitments to meet the 2021 Paris climate change targets
- Establish another 1,000–2,000 hectares of commercial forestry annually
🔭 Long-term
- Almost double EBITDAR by June 2030
- Achieve an eNPS ≥20
- $130–140m per annum of EBITDAR
🌱 ESG Focus Areas
Emissions ReductionFreshwater ComplianceClimate Change AdaptationPeople CapitalHealth, Safety and WellbeingLand-Use DecisionsDigital InformationAnimal Farming FuturesFood Quality and SafetyHuman Dietary ShiftsBiosecurity ProactivityTe Ao Māori IntegrationFarming SupportsRegenerative AgricultureBiodiversity ProtectionChange CapacityKnowledge Gaps