Westpac moves to loans with sustainability strings attached

Westpac New Zealand is moving to offer discount loans for businesses attaining environmental targets. It's signed an $85 million loan with Pamu, also known as Landcorp, New Zealand's biggest farming business with 114 farms around the country. Pamu will receive a pricing discount from Westpac if it meets specific environmental targets - including a 1.5-degree science-based emissions reduction target. Kathryn speaks with Westpac NZ's General Manager of Sustainability and Strategy, Karen Silk and Chief Executive of Pamu, Steve Carden.