The carbon offset programme will help offset carbon emissions and transform underutilized land
Anderson Lloyd has assisted Sealord Group Ltd in securing a long-term carbon credit generation deal with New Zealand Carbon Farming (NZCF) and Te Arawa Fisheries.
According to the firm’s LinkedIn page, this deal supports Sealord’s commitment to achieving net-zero carbon by 2050.
The Ara Rākau programme was conceived by Te Arawa Fisheries and NZCF. It is set to “offset some of the carbon resulting from Sealord’s operations, maximise the potential of marginal land, create jobs and improve whānau outcomes, and help improve the local environment, including water quality in and around Te Arawa lakes,” Sealord said in a press release.
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The company confirmed that over the next decade, it is investing $10m in the carbon offset programme that will develop underutilised Te Arawa whenua in Rotorua into permanent forest.
“The Emissions Trading Scheme represents a $16bn economic opportunity for Māori – one which will be transformative for generations as poor quality land can be used to generate better economic, cultural, social and environmental outcomes – not just for Māori, but for entire communities,” said Te Arawa Fisheries CEO Chris Karamea Insley. “This is a New Zealand-leading climate change partnership kaupapa, based on te ao Māori principles. In this case, Sealord will improve their carbon footprint, improved financial returns will be driven for hapu, new jobs will be created, and we can make a real difference when it comes to water quality in our lakes.”
Sealord CEO Doug Paulin added that being part of the programme is in line with its commitment to sustainability.
“This long-term plan helps us further mitigate climate change through off-setting as a final option,” he said.