Implementing food security risk management
The project Food Security, Risk Management and Climate Change conducted a case study on the company Metcash Ltd as part of an examination of the impact of climate change on food security and managing the risk. Originating in the 1920s as a family business, Metcash Ltd is Australia’s leading wholesale distribution and marketing company specialising in grocery, fresh produce, liquor, hardware and other fast moving consumer goods. Since 2008, Metcash has implemented a plan to manage climate risks and integrated this Plan into their risk management program to deliver business, community and environmental benefits. The defining features of Metcashs Enterprise Risk Management (ERM) system are integration, collaboration and a binding requirement for risk management to add value. This factsheet details the key findings from the case study and also lists examples of the innovative measures Metcash has implemented to account for climate change risks.