According to The Australian Financial Review, agribusiness Australia president Mark Allison says the two pillars of agriculture in Australia – livestock and grain production – are well down the track in reducing emissions as the industry comes under increased scrutiny from bankers and investors.
Mr Allison, who will bow out as chief executive of Elders Limited later this year, doesn’t see a risk to food security or exports from so-called carbon farming as big fossil fuel producers and users try to offset their emissions.
An Elders-commissioned report shows the biggest players in the industry are largely meeting their environmental, social and governance reporting obligations.
The report, prepared by KPMG, examined how 34 of the top balance sheets across ASX-listed, private and multinational agribusinesses were tracking and reporting on key ESG indicators.
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