Greenham developed a sustainability framework for its Cape Grim Beef value chain, which has provided a means to inform business and consumer decision making that promotes sustainable development.
The results from the economic impact assessment indicate that the net present value of a sustainability framework over 10 years is estimated to be $2 million at a discount rate of 7%. The annualised benefit over a ten-year period is 19% and the cost benefit ratio is 15.6 to 1.
This project has created the opportunity for the Cape Grim Beef value chain to be recognised for their current management practices that contribute to sustainability in animal welfare, economic, environment and community (people).