Introducing Drive Electric Premium member BNZ, who play an important role in helping New Zealand meet its climate targets by providing access to finance that supports more sustainable choices, including the uptake of electric vehicles.
What is BNZ’s role in helping New Zealand meet its emissions reduction targets?
BNZ has committed to reducing emissions across their operations by 60% by 2025, against a 2019 baseline. Since 2019, they have already reduced their operational emissions by 50% (2021 reporting year) and they offset any remaining operational emissions through the purchase of carbon credits.
Between 2019 and 2021 BNZ nearly halved the size of their fleet and have introduced electric vehicles with a plan to be 100% electric (plug in hybrid or full electric) by the end of 2023.
What key strategies has BNZ implemented to drive change in the transport sector?
BNZ is committed to doing what it can to help New Zealand tackle climate change, and is committing to help finance sustainability and climate action for New Zealanders:
- Their provision of $618 million in sustainable finance in FY21, with a commitment to deliver $10 Billion of sustainable finance in NZ by 2025.
- A goal to transition their entire car fleet to plug-in vehicles or 100% electric by the end of 2023.
- Their collaboration on a Climate Action Toolbox to help businesses measure and reduce their carbon footprint.
- Partnerships with the Net Zero Banking Alliance, Toitū Tahua: Centre for Sustainable Finance, the Sustainable Business Council, the Climate Leaders Coalition, ChargeNet, Ecotricity and now Drive Electric.
We are excited to work alongside BNZ as they work to change the way the finance industry contributes to green growth and a cleaner transport future for New Zealand.
