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Showing 101 - 110 of 240 results for "financial risk"

APRA flags extension of climate vulnerability asssessment to super, insurance

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
The climate vulnerability assessment (CVA) that APRA conducted with Australia's five largest banks is likely to be expanded to other industries overseen by the prudential regulator, including super funds and insurers, according to deputy chair Helen ...

Investors call for 75% emissions reduction by 2035

RACHEL ALEMBAKIS  |  THURSDAY, 29 SEP 2022  |  NEWS
... change," said HESTA Super Fund chief investment officer Sonya Sawtell-Rickson. "Climate change represents a systemic financial risk in our portfolio, and we believe investors have an important role to play to support the transition to reduce this risk. ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
APRA chair Wayne Byres flagged that the results of the climate vulnerability assessment (CVA) of the country's five largest banks are expected to be released "in a month or two." Byres highlighted that climate change is a disruptive risk in a speech ...

RBA warns of climate-related liability risk for business

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
The Reserve Bank of Australia has identified liability risk as one of the climate risks that businesses that do not sufficiently respond to climate change will face. RBA head of domestic markets Jonathan Kearns spoke at the Credit Law Conference this ...

APRA releases climate risk assessment results

RACHEL ALEMBAKIS  |  THURSDAY, 4 AUG 2022  |  NEWS
Almost 40% of banks, insurers and superannuation funds say climate-related events could have a "material or moderate impact on their direct operations," according to the Australian Prudential Regulation Authority (APRA). APRA has published the findings ...

New Zealand XRB releases final climate reporting paper

RACHEL ALEMBAKIS  |  THURSDAY, 28 JUL 2022  |  NEWS
New Zealand's External Reporting Board (XRB) has released a final consultation paper on the mandatory Climate-related Disclosure standards that will come into force next year. The New Zealand government last year passed legislation that made climate-related ...

Risk management includes expanded ESG list: Governance Institute

RACHEL ALEMBAKIS  |  WEDNESDAY, 13 JUL 2022  |  NEWS
... change is that the universe of risk, as in real risk, has expanded," Vamos said. "The whole growth in area of non-financial risk, not risk to just my finances, but also the non-financial risk to my reputation, the risks that could remove my social license ...

BNPP AM releases "biodiversity footprint" for investments

RACHEL ALEMBAKIS  |  THURSDAY, 7 JUL 2022  |  NEWS
BNP Paribas Asset Management (BNPP AM) has analysed its equities and fixed income investments to determine its biodiversity footprint - the potential negative impact their portfolio has on nature. A year after announcing a biodiversity roadmap, BNP ...

CBA sees push to greater quantity, quality of climate risk reporting

RACHEL ALEMBAKIS  |  THURSDAY, 12 MAY 2022  |  NEWS
... stakeholders including banks and investors. "Investors and businesses increasingly perceive environmental risk as financial risk," said CBA senior associate currency strategy and international economics Carol Kong. "Climate change is having an impact ...

Draft Taskforce on Nature-related Financial Disclosures released

RACHEL ALEMBAKIS  |  THURSDAY, 24 MAR 2022  |  NEWS
... effectively," Leeshaa said. "We tend to think of nature as free - but it's not," she said. "There are significant financial risk implications amongst others if we don't invest in protecting nature. If the world is to meet net zero targets, a ...