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Showing 101 - 110 of 204 results for "financial risk"

APRA to conduct climate vulnerability assessment on banks

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
... climate scenarios," Byres said. "Our goal is to better identify and measure the links between climate science and financial risk within the context of existing industry risk assessment frameworks. Without this linkage, climate-related financial risk ...

Trustees squeezed by competing climate risk pressures

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
Super fund trustees are "squeezed" when it comes to managing climate risk, between members seeking divestment, regulatory guidance on managing climate risk, and proposed legislation that may limit access to proxy advisers, according to the chair of ...

APRA emphasises "compounding effect" of climate change

RACHEL ALEMBAKIS  |  THURSDAY, 22 APR 2021  |  NEWS
... climate change." "The draft APRA guidance sends a clear message to directors and trustees that climate risk is financial risk," Herd says. "It means assessment, disclosure and management of an organisation's climate risk exposure is clearly identified ...

NZ climate disclosure legislation to affect Australian entities

RACHEL ALEMBAKIS  |  THURSDAY, 15 APR 2021  |  NEWS
... managing the financial risks of climate change", in which APRA outlined that they would develop on a climate change financial risk prudential practice guide (PPG) to assist entities in complying with existing prudential requirements. ASIC also recommends ...

ASX companies under the spotlight for global investor engagement

RACHEL ALEMBAKIS  |  THURSDAY, 25 MAR 2021  |  NEWS
... Standards Board (SASB) reporting guidelines. "The reason for that is, we're looking at climate risk at that as a financial risk and from the fiduciary perspective," Davila said. "Certainly we have endeavoured to be a little more explicit on some of the ...

Measuring the gap between ASX board ethics, exec performance

RACHEL ALEMBAKIS  |  THURSDAY, 11 MAR 2021  |  NEWS
... the executives examined by the Royal Commission biased short term financial performance over management of non-financial risk "The general focus here is on boards and this is an issue for a board of directors, it has to be driven by the board and the ...

Calculating the social cost of carbon: Dimensional Fund Advisors

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAR 2021  |  NEWS
The total cost of future damage caused by greenhouse gas emissions can be used to estimate a price as a basis for generating climate change policy as well as considering impacts on companies, according to Dimensional Fund Advisors. Joseph Chi, head ...

Super, fund manager lends muscle to net zero target

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAR 2021  |  NEWS
... on global temperature increases and the Paris Agreement's ambitions. "We believe that climate change is both a financial risk and an opportunity, and aligning our portfolios with a 1.5 degree scenario with the PA is supported by our analytics," said ...

Investment consultant creates head of sustainability role

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAR 2021  |  NEWS
... https://www.fssustainability.com.au/climate-change-unclear-policy-response-pose-investment-risk-jana?q=jana the firm commissioned a study modelling climate-related financial risk including scenario modelling prepared by JANA in conjunction with specialist ...

Rio Tinto commits to climate vote at AGM

RACHEL ALEMBAKIS  |  THURSDAY, 18 FEB 2021  |  NEWS
Stakeholders including investors and activists have welcomed a decision by Rio Tinto to put its climate reporting to an advisory vote at this year's AGMs. Rio Tinto is the first Australian-listed company to commit to a vote on its Taskforce for Climate-related ...