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The importance of green technology to improve our lives and livelihoods was recently clearly stated by Rebecca Greenspan, the leader of the United Nations Conference on Trade and Development, who sees the world as the beginning of a technological revolution based on green technologies. This new technological revolution will have a major impact on the global economy.”
And that position seems to be clearly recognized in New Zealand.
Callaghan says the aim is to grow businesses that innovate, provide meaningful jobs and help solve climate change, water quality and resource use issues for New Zealand and, by extension, the world.
Of the 120 Kiwi cleantech businesses on the agency’s database by the end of 2020, 51% focus on sustainable climate solutions, 28% on smart resource use and 21% on clean water.
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Callaghan Innovation is working with innovators, investors, corporations, government and others to develop a globally competitive cleantech ecosystem in New Zealand.
In the year In 2022, the agency predicted a significant increase in new funds and investment opportunities for cleaners.
From renewable energy to waste management, a wide variety of technology businesses across New Zealand are making the transition to sustainable development.
One example is Leaf Foods, a company that extracts high-quality protein ingredients from green leafy crops to produce plant-based foods. It also co-produces optimized animal feed for livestock with the aim of significantly reducing nitrogen loss for agriculture.
Another New Zealand company, Mint Innovation, offers low-cost, low-impact biorefineries to extract metals from various waste materials.
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Leaf Foods is a NZ business that extracts protein from green leafy crops to produce high-quality protein ingredients in plant-based foods.
Futurity BioVentures takes low-value forest cuts and turns them into high-value petrochemicals used in everyday products like polyurethane.
In turn, collaboration between technology businesses, government and other stakeholders is critical to support these and other green initiatives, and there is a strong global and domestic interest in green technology and clean technologies. In the year The 2021 New Zealand CleanTech Mission, led by Callaghan Innovation, was established in partnership with other industry and regional groups to strengthen and empower NZ’s cleantech ecosystem.
And after two years, it seems to be sustainable and clean technology companies are increasingly in the eyes of international and domestic financiers.
One example is BNZ, where sustainability in all its forms is a priority. It was the first New Zealand bank to join a commitment to align its investment and lending portfolios to zero emissions by 2050. To raise capital.
BNZ Head of Technology Industries, Tim Wixon, said New Zealand’s technology industries are “working hard to fund growth and expansion and ensure early access to capital so the industry as a whole can grow.”
The bank will initially focus on financing the climate and sanitation and aerospace sectors before expanding its offerings to other technology sectors.
For businesses embarking on their own sustainability journey, partnering with a bank that shares their values and provides knowledgeable support is key. Find out more at BNZ by visiting bnz.co.nz/business-banking.
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