Sustainable solutions combat energy expenses
ANZ is highlighting the value of long-term investment in clean technology as a solution to rising energy costs for businesses.
“Businesses are doing it really tough...we support investment in initiatives, including energy technology, to help future-proof their businesses,” ANZ New Zealand CEO Antonia Watson (pictured above) said.
Hautapu Pine’s waste-to-energy solution
Fence post producer Hautapu Pine Products installed a wood waste boiler, reducing its coal use and carbon emissions by 94%.
“It's sort of like magic…reduce your carbon emissions to just 6% of what they were,” said managing director Susan Benson.
A government grant and an ANZ Business Green Loan helped finance the project.
Benson explained that the new boiler not only reduces costs but also produces surplus energy for other potential uses.
“Instead of spending that money on coal, we're able to service the loan and make repayments,” she said.
The company is also exploring carbon capture technology to further increase sustainability and create new revenue streams.
ANZ’s commitment to sustainability
Since September 2022, ANZ has funded 176 projects with $57 million through its Business Green Loan.
“That’s close to half a billion dollars of investment in our country’s future, and a serious commitment to long-term sustainability,” Watson said.
Read the ANZ NZ media release here.
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