Climate change is projected to impact agricultural production worldwide, and 87% of agricultural finance institutions in a recent survey expect it to present risks to their business. Meanwhile, only 24% significantly factor climate change into their decision-making processes.
A new guide from EDF and Deloitte offers five strategies for agricultural finance institutions to manage climate risks and act on climate opportunities. These five strategies integrate climate into agricultural finance institutions’ existing risk frameworks and take a proactive approach to help farmers and ranchers adapt to climate change: