Introduction Extreme use of natural resources has had adverse effect on human development and the world as a whole. This has led to global warming and the effects felt in various sectors of development within different economies including biodiversity. Countries have come together to create common environmental policies that aim at controlling the increased level of green house gas emissions. Grazing land is one of the major contributors of carbon to the atmosphere hence requires improvement through good management systems. Explanation of the current general situation regarding climate change Lots of green house gas emissions from Beef industry come direct from operational activities, these contributes some percentage to global warming. Several countries and regions have initiated emissions trading schemes as a policy to help limit the level of emissions of greenhouse gases. The Australian government uses the Carbon Pollution Reduction scheme policy to help control greenhouse gas emissions. The per capita carbon dioxide emissions in Australia is high and still rising, this is expected to have adverse effect on ecosystem and biodiversity. Failure by the world to mitigate these emissions will lead to reduction in Gross domestic product of major countries (MLA, 2009). The rate at which the world climate is changing may be a big threat to global businesses and companies. It is believed that companies including Beef industry will be affected by weather impacts and the policies on climate that are geared towards reducing greenhouse gas emissions. In order to cater for the costs on carbon emissions, meat industry may try to project the impact on costs to consumers by charging higher prices on their services. The restrictions imposed by some countries leads to the loss of market share the beef industry because of being considered as large emitters of carbon gases (MLA, 2009). Briefly describe the industry context to climate change Meat industry forms part of the agricultural sector from which biological production system occurs resulting in greenhouse gas emissions. The beef industry is one of the largest agricultural industries in Australia making it contribute high percentage of greenhouse gas emissions because of ruminant emissions. These emissions are attributed to fermentation in cattle, clearing of vegetation through burning and use of fuel energy within the beef farm premises. There is significant percentage of methane emissions from the beef cattle within the ranches, the percentage emitted depends on several factors such as the quality and availability of vegetation grazed upon. Bigger percentage of the country’s land is taken for cattle rearing since it is not suitable to support crop farming (Bray and Willcocks, 2009, p1). How the Industry could use bottom line reporting to report on how it addresses climate change Corporate Governance The beef industry presents its bottom line on corporate and governance by checking at the legislative controls that helps in lowering carbon position within the industry. The management is concerned with the processes to be implemented that ensure land productivity and environmental gains. The management req