Governance & financials

Pāmu Farms of New Zealand (brand name of Landcorp Farming Limited) seeks to maximise financial returns to shareholders while operating within the general commercial laws of New Zealand and the State-Owned Enterprises (SOEs) Act 1986.

The company is owned by the Crown but operates at arm's length from the government, and in competition with other entities in the public and private sectors. Its shares are held by the Minister of State-Owned Enterprises and the Minister of Finance (50% each).

We report publicly on financial management and performance, and on business strategies and other measures of performance, in respect of each financial year (ended 30 June) and each first-half year (ended 31 December).

Our Integrated Annual and Half-Year reports are publicly available once they are tabled in the New Zealand Parliament (usually at the end of September for the Integrated Annual report and end of February for the half-year report).

To understand and ensure the business is well-placed to deal with the risks and opportunities of climate change Pāmu has developed its first voluntary Climate-Related Disclosure. This has been aligned with the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021 and the subsequent guidance provided by the external reporting board.

The Statement of Corporate Intent (SCI) sets out the company's intentions and key objectives and is updated each year.

Our guiding principles for how we work.