Progress update | Scorecard Q2 FY25

4 February 2025

A summary of our progress to get emissions reduction tools into farmers' hands, as at 31 December 2024.

Q2 updates

  • We’ve committed funds to two new venture investments, however the details of these are currently undisclosed due to ongoing funding rounds and confidentiality requirements.  

  • $46.2 million has now been committed across 13 investments and research projects.  

  • 81 potential investment opportunities are on our radar as we continue to scan the globe for solutions that will work for our pastoral farming system. 

Other recent highlights

  • Final progress payment to Hoofprint Biome Inc, as part of our USD$2.5m (NZD$4.2m) commitment announced in September 2023. The US start-up is developing novel probiotics and enzymes to reduce methane emissions from cows – and it’s made good progress, achieving all agreed milestones. 

  • Held our first meeting with our Farmer Focus Group, a diverse group of 12 farmers who will help us ensure emissions mitigation tools are fit-for-purpose.  

Visit our Progress page for a larger, PDF version of our latest Scorecard.