Highlights for climate and carbon
Climate change and sustainability are becoming a much larger focus of the agriculture industry, but how is this going to impact you? Below are three key examples of how climate change and sustainability could impact your business now and in the future:
- Increasing costs: This may include water, transport and power costs. This could flow through and impact business profitability.
- Environmental changes: You may see changes in the median temperatures in your area or start to see microclimates develop. For more information on how this may impact you please check out our Carbon and Climate report on the Bendigo Bank website.
- Growing demand for transparency: There is a growing demand from both consumers and the supply chain for better transparency on business sustainability and reporting.
The bank’s ambition is to drive action towards a resilient and sustainable future to grow the prosperity of our customers, communities, shareholders and people. This includes supporting the communities in which we live and work and play our part in combatting climate change. As a bank, it’s important for us to act because climate change directly impacts both the agriculture and financial services sectors.
Joe Boyle
Joe is our Insights specialist for the sheep industry. He hails from a cropping and sheep farm in northwestern Victoria and has studied a Bachelor of Agriculture at the University of Melbourne.
Bendigo Bank Agribusiness Insights publication(s) are for information purposes only and contain unsolicited general information, without regard to any individual objectives, financial situation or needs. Please refer to the terms and conditions.
