The report comes after the company a NZ$75 million expansion of butter production at the Clandeboye site to help meet growing global demand and improve product mix.
Since its first season in 2021/22, the farm has reduced its emissions intensity by 9.5% and absolute emissions by 23.5%.
Co-designed by the Co-operative, the programme will begin with a pilot in Waikato and Bay of Plenty, starting in early 2026.
The final votes on the divestment were cast at a virtual Special Meeting.
The investment will enable construction of a new butter line at Clandeboye, expanding the site’s current butter production capacity by up to 50,000 MT per annum.