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Showing 91 - 100 of 241 results for "financial risk"

Companies urged to address Scope 3 emissions

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
... quickly, as to the most appropriate path to take on that issue." If the Treasury proposal to mandate climate-related financial risk reporting, potentially including Scope 3 reporting, becomes law, it could pose challenges for many companies, Higgins ...

Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
Treasury has released an updated statement of expectations for the Australian Prudential Regulation Authority (APRA) which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is ...

Outgoing APRA deputy governor calls for greater board diversity

RACHEL ALEMBAKIS  |  THURSDAY, 18 MAY 2023  |  NEWS
Despite progress on increasing diversity on boards, outgoing APRA deputy governor Helen Rowell said "genuine diversity is still lacking around too many board tables" in the financial sector. In her final speech as APRA deputy governor, Rowell touched ...

Assessing the risks of psychosocial safety

ROSE MARY PETRASS  |  WEDNESDAY, 17 MAY 2023  |  NEWS
No company is immune to risks of psychosocial safety, which poses potential financial risks due to negative impacts on workers and costs associated with lost productivity. Research shows that finance industry and corporate environments, alongside healthcare ...

New collaboration to create TCFD for social risks

ROSE MARY PETRASS  |  TUESDAY, 2 MAY 2023  |  NEWS
... comprehensive understanding of the interdependencies between climate change, nature, social issues, and inequality in financial risk assessment and decision-making. The TIFD interim secretariat includes the United Nations Development Programme (UNDP) ...

Push for greater ESG alignment in C-Suite pay

RACHEL ALEMBAKIS  |  THURSDAY, 2 MAR 2023  |  NEWS
... trigger action across the wider ASX listed sector. "There is a much tighter focus on aligning remuneration with non-financial risk, and a big part of the prudential standard is that incentive arrangements need to have a material weight on non-financial ...

Australia to introduce mandatory climate reporting

RACHEL ALEMBAKIS  |  TUESDAY, 13 DEC 2022  |  NEWS
... interoperable reporting" of climate for Australian companies is "vital." "The investment community sees climate change as a financial risk to their investment portfolios, and a risk to the savings of millions of Australians," said FSC acting CEO Spiro ...

Vanguard quits net zero investor initiative

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
... response to it as having "far reaching consequences" for companies, markets and investors, and presents a material financial risk. "After a considerable period of review, we have decided to withdraw from NZAM so that we can provide the clarity our investors ...

APRA publishes results of banking climate vulnerability assessment

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) has published the findings of its first Climate Vulnerability Assessment (CVA) of Australia's five largest banks and signaled that the insurance industry is likely to be the next regulated sector ...

Majority of investors collaborate on engagement, but disclosure lags: RIAA

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
Most sustainable investors in Australia and Aotaeroa New Zealand collaborate with other investors to achieve better ESG outcomes, according to research from the Responsible Investment Association Australasia (RIAA). Engage, Advocate, Collaborate: Unpacking ...