Climate, culture and risk are now mainstream governance issues in agriculture and natural resource management.
In a recent risk and governance forum held in Australia, experts highlighted that organisations should undertake rigorous review of their non-financial risks, in particular those related to culture and climate.
While some sectors – including banking and agriculture – were directly called out in terms of their impact, there were implications for all sectors of industry.
With the increasing focus on the need for good governance, and expectation that the advice provided by professionals meets the highest ethical standards, it is incumbent upon professionals in all sectors to demonstrate how they are acting in the interests of their clients and organisations as a whole, and not just focus on financial performance.
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This article was originally published in the Australian Farm Institute Insights newsletter in May 2019