WESTERN PRODUCER — The Canada Climate Law Initiative has published a new guide for small farm corporations that explains how to develop effective climate governance.
Called , the guide is tailored for farms smaller than 12,000 acres.
It is designed to equip the boards of directors of smaller farm corporations with strategies to oversee the risks of climate change.
The guide addresses a variety of topics:
• Climate change risks – The guide provides insights into climate risk specific to agricultural corporations. Directors will learn how to identify and assess climate-related risks that affect their operations, such as drought, flood, fire and policy or financial changes.
• Director duties – The guide outlines the responsibilities of directors in anticipating climate risk, which the CCLI says is not common information, despite the potential legal consequences. The guide emphasizes the importance of proactive decision-making for farm corporations of all sizes.
• Risk management strategies – The guide shares governance practices for managing climate risk, empowering directors of farm corporations to implement effective governance practices.
The guide is available for download, including an executive summary, on the .
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