NZ Rural Land expands climate reporting, charts decarbonisation path

New Zealand Rural Land Company (NZL) has released its 2024 Climate-Related Disclosures report, showcasing an expanded approach to environmental stewardship and a commitment to emissions reduction. The company reported its Scope 1 and 2 emissions are zero due to its leasing business model, and updated Scope 3 emissions to 129,163 tCO2e. NZL is focusing on enhancing climate resilience across its portfolio, integrating climate-related risks into its acquisition strategies, and is establishing a target to reduce absolute emissions by 45.5% by 2035. It invested NZD 14.95 million in carbon forestry and is actively exploring climate-aligned financing instruments. The Board is also developing a skills matrix to support decarbonisation efforts. NZL's strategy includes diversification, native regeneration and sustainable land management practices.