On this episode of RaboTalk's Growing our future, host Blake Holgate is joined by Rabobank’s Dutch based global Dairy analyst Richard Scheper. Richard and Blake discuss how global dairy companies are addressing climate change. They dive into emission reduction targets, the challenges and opportunities for farmers, and what the future holds for sustainable dairy practices.

At the end of 2023 Fonterra announced a target of a 30% intensity reduction in on-farm emissions. This has potentially significant implications for NZ dairy farmers – which poses the question – what climate related actions are other global dairy companies undertaking – and how will this ultimately impact the competitiveness of NZ’s dairy sector. Blake and Richard delve into the complexities of measuring and achieving emission reductions across diverse farm systems (pasture-based vs. indoor) and company structures (cooperatives vs. private companies). While efficiency gains have played a role, new technologies may be needed to meet future targets. As the industry moves towards result-based incentives, data collection and reporting on farm emissions becomes increasingly important. Richard highlights the need for farmers to invest in this area and embrace change to position themselves for a sustainable future.