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Showing 111 - 120 of 419 results for "banks"

NGFS introduces "too-little-too-late" climate scenario

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has published new climate scenarios including predictions that a net zero transition could be "too-little-too-late," disorderly and delayed. The group, consisting ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
... management framework," Jessica Holgersson, senior associate at Equity Generation Lawyers told FS Sustainability. "However, all banks should be considering how these two material risks are being managed." A legal opinion published in October this year ...

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... will become the next area of focus for APRA's climate vulnerability assessment process. Last year, the five largest banks in Australia were assessed by APRA on the estimated future impact of climate change on the banking sector and how the banks ...

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... risks - geopolitics, operational risk such as AI, cyber-risk and the use of cloud based technology and other services that banks and financial institutions and raise concerns about governance, risk management, platform concentration risk and responsiveness ...

Nearly a quarter of Australian bank debt has nature-related risk

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
... to nature-related risk. Ernst & Young Australia and the Australian Conservation Foundation released a report finding that banks that are invested in agriculture, property, resources, and energy, are most exposed to nature-related risk. Livestock agriculture ...

Role for finance after No vote

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... Australians can pursue prosperous careers. Davids called for an inquiry into pay equity and stolen wages. He also suggests that banks, super funds and companies should charge lower fees to Indigenous Australians to correct this imbalance and appeal to ...

Connecting capital to nature the next challenge: ASFI

RACHEL ALEMBAKIS  |  FRIDAY, 20 OCT 2023  |  NEWS
... investment if we get that translation right," Yazbek-Martin said. Yazbek-Martin particularly highlighted opportunities for banks to develop debt products that can specifically assist in financing activities that have nature-positive benefits. She also ...

Reducing risk and navigating a just transition

ROSE MARY PETRASS  |  THURSDAY, 19 OCT 2023  |  NEWS
... Economy in 2018, wanting to address the concern from coal regions that the transition is an economic risk. "Two years ago banks, superfunds and philanthropists started coming to us with questions around just transition, worried about viability of their ...

Record climate spending for low and middle-income economies

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Climate finance by multilateral development banks (MDBs) for low-income and middle-income economies hit a new high of US$60.7 billion in 2022, up 46% from 2019, a new joint report has found. The spend included US$38 billion (63%) on climate change mitigation ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... waterproofing, the materials you use on ground floor, etc. "We can do it at the community level about - levies for river banks...The money you save from avoiding loss of life and disruption to business, gives you a very good benefit/cost ratio nine times ...