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Showing 151 - 160 of 419 results for "banks"

RBA governor urges implementation of ISSB standards

RACHEL ALEMBAKIS  |  MONDAY, 19 SEP 2022  |  NEWS
... Australia's net zero by 2050 commitment was "incredibly important" because it was a point of concern for overseas central banks and investors. "It was a question mark that was always being raised, and that question mark isn't being raised in ...

Climate risk warning on government bond yields

RACHEL ALEMBAKIS  |  THURSDAY, 15 SEP 2022  |  NEWS
... issuers. The sense of urgency that it is so important to clients will come through." Ardea is engaging with issuers and banks to accelerate the development of green bond markets to drive creation of bonds that are less exposed to transition risk. "For ...

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
... provide cover means asset owners should not take comfort from being able to insure climate risks at this moment in time." Banks have "less experience" modelling the financial impacts of climate events and have more work to do to develop their management ...

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
... equity and debt issuers with a market capitalisation exceeding NZ $60 million and large financial organisations including banks, insurers and managers of investment schemes with total assets of more than NZ$1 billion. The reporting regime will kick in ...

Ramsay commits to Net Zero by 2040

RACHEL ALEMBAKIS  |  WEDNESDAY, 29 JUN 2022  |  NEWS
... is part of a consortium led by KKR to acquire all the issued share capital of Ramsay Health Care. Image courtesy of Clay Banks on Unsplash

Rising costs of carbon credit to impact offsetting strategies

RACHEL ALEMBAKIS  |  THURSDAY, 2 JUN 2022  |  NEWS
... be able to have a conversation with an auditor to say we paid this, this is the fair price and we're selling it here. Banks need to know this information because it gives them the ability to one, tell the regulator that we know how this should be ...

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

RACHEL ALEMBAKIS  |  THURSDAY, 12 MAY 2022  |  NEWS
... could standardise climate-related disclosures across companies and assist with decision making with stakeholders including banks and investors. "Investors and businesses increasingly perceive environmental risk as financial risk," said CBA senior associate ...

Banksia Foundation National Awards highlight sustainable innovation

RACHEL ALEMBAKIS  |  FRIDAY, 1 APR 2022  |  NEWS
An organisation that uses wool waste as a sustainable packaging alternative to polystyrene plastic has taken out the Gold Banksia Award at the 33 rd annual Banksia National Sustainability Awards. Planet Protector Packaging received both the Agriculture ...