|
As a food and beverage business, climate change presents us with a number of specific business risks, and on the flip side, opportunities.
We believe these risks reside right across our value chain. For example, volatile weather conditions and water availability affect our largely agricultural supply chain; higher energy costs as a result of emissions trading affect our operational costs; and regulatory and reporting requirements add additional costs to our business.
As such, in 2008 we initiated a whole of business sustainability strategy, looking at where the potential risks reside across our business and how we can go about translating risk into opportunity. Addressing climate change will be
progressed as part of our overall focus on environmental sustainability.
Our carbon management strategy, as part of our overall Sustainability Strategy, will evolve going forward and throughout 2009 we specifically aim to confirm the identified climate change risks and develop actions. |