Summerland Credit Union get climate change savvy
AT a time when the world's leaders have been convening in Paris to talk about climate change, one local credit union have also made similar moves.
Summerland Credit Union recognises the need for climate change adaptation, Summerland CEO Margot Sweeny said, and has completed an important analysis of how climate change may impact on its operations and the risks and opportunities facing the business from global climate change.
Recently the Summerland Executive, Senior Management and Board Director, Katrina Luckie, conducted a workshop to analyse the science and understand how predicted changes in weather activity may impact the credit union.
Key risks and current controls were identified. Prioritised strategies were structured to set a framework for Summerland to manage the growth of the business, taking into consideration the many possible impacts of climate change, Ms Sweeny said.
"Given Summerland's considerable development of our Environmental Program, an understanding of the impact of climate change was an important exploration for us," Ms Sweeny said.
"As a progressive financial institution, we owe it to our customers, who are owners, to ensure we consider the impact of climate change and take the necessary actions to make certain we continue to manage the credit union in a financially strong and prudent way.
"An exciting outcome from the workshop has been the identification of business opportunities as well as identification of the risks to be managed in the future."
Summerland is a leader in Environmental Sustainability, being the first business from any industry on the North Coast to reach Silver Partner status in the NSW Government's Environmental Program, Ms Sweeny said.
The climate change impact workshop was a component of Summerland's Going for Gold Partner project.
"Customers who care about the Environmental Values of their banking services provider, should have a close look at our Environmental Values and consider moving their banking over to Summerland," Ms Sweeny said.