The great Kauri fight back
This year, as part of our commitment to plant 100 Kauri seedlings for every Kauri Bond ($NZ bond) we issue, we bought 100 seedlings from the Colin McCahon House Trust.
The seedlings were harvested from Kauri around the artist’s property, which feature in his notable paintings.
Money from the sale of the seedlings goes towards the McCahon House Museum and the Kauri Project – a collaboration to use art to raise awareness of Kauri dieback disease.
This was a great way to link our Kauri Bond initiative, which has seen BNZ plant over 7,700 seedlings so far, with our commitment to protect our cultural heritage through our New Zealand art collection.
“It’s the right thing to do…it provides an intergenerational legacy.”
GRAEME LIDDELL, HEAD OF MARKETS, BNZ.
BOND, GREEN BOND
The BNZ Capital Markets team arranged the first green Kauri Bond launched in the New Zealand market (by International Finance Corp, a member of the World Bank Group). Green bonds enable capital-raising and investment for new and existing projects with environmental benefits.
SUPPORTING THE LOW CARBON CHALLENGE
For the second year in a row, we were a sponsor of the Low Carbon Challenge. This is a Wellington initiative aimed at mentoring and funding entrepreneurs with great ideas for products and services to help New Zealand become a less carbon-intensive nation. Our employees participated in the ‘dragon’s nest’ section of the event and we put our funding behind one of the initiatives – Poly Palace, a company that creates building materials made out of recycled polystyrene.
Caring for kiwi
For more than a decade, BNZ staff in Waikato and the Bay of Plenty have volunteered for the Whenuakite Kiwi Care Group, based in Tairua on the Coromandel. They travel to Tairua once a month to clear and re-bait two of the group’s trap lines.
The results have been hugely encouraging – latest statistics show kiwi numbers growing in this area by around 13 percent each year. Some of the young kiwi have also been moved to an island sanctuary as the area is now almost at capacity. There has also been an increase in the number of other birds in the area including the kereru and tomtits.
Because of these great results, the group is also looking at introducing other endangered birds into the area.
Not only is BNZ carbon neutral, but we also actively work to reduce our own environmental impacts year on year. We have reduction targets across areas including electricity, waste, paper and water. We have an internal Green Team of engaged BNZers who help us out with this, and have implemented a range of initiatives from educating staff about waste, switching customers to online statements and the gradual rollout of LED lighting in our store network.
More from The Good Report
Disclaimer: The majority of the data in the report relates to the 2017 financial year ending 30 September – unless otherwise specified.