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Showing 151 - 160 of 464 results for "climate risk"

APRA flags extension of climate vulnerability asssessment to super, insurance

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
... several decades in light of these risks, and the impact these management changes may have on the banks' sensitivity to climate risk." APRA will publish consolidated CVA results to underscore the importance of climate-related disclosure. "Keep the CVA ...

MAS sustainability adviser speaks to Sinagpore/Australian collaboration

RACHEL ALEMBAKIS  |  WEDNESDAY, 2 NOV 2022  |  NEWS
Finance is a great enabler of the transition to a net zero economy, but it requires cooperation between governments and investors as well as global collaboration between countries, according to the outgoing chief sustainability officer of the Monetary ...

Less than 20% of ASX200 disclose financial impacts of climate risk: PwC

RACHEL ALEMBAKIS  |  WEDNESDAY, 26 OCT 2022  |  NEWS
... transition period, but Stubbins noted that many companies are not ready for what ISSB standards on sustainability and climate risk would mean. "As a sector, financial services and the heavy emitters are leading the charge" Stubbins said. "Energy companies ...

Australia leads on climate risk coverage, but depth lacking: EY

RACHEL ALEMBAKIS  |  THURSDAY, 20 OCT 2022  |  NEWS
Australian organisations are increasingly providing detailed climate risk disclosures but they lack depth and sophistication on financial impacts of climate change, according to EY. EY has released its fourth Global Climate Risk Disclosure Barometer ...

Investors call for 75% emissions reduction by 2035

RACHEL ALEMBAKIS  |  THURSDAY, 29 SEP 2022  |  NEWS
... Mechanism is aligned with 1.5°C, and establish policies that unlock private sector investment in adaptation and include climate risk "in all relevant planning, land use rules, and direct investment policies." "Institutional investors have the capital ...

Fortescue Metals strengthens 2030 decarbonisation targets

RACHEL ALEMBAKIS  |  THURSDAY, 22 SEP 2022  |  NEWS
... Fortescue's progress on emissions reductions. Setting goals aligned with the SBTi can be an indicator of stronger action on climate risk. SBTi in January published a progress report looking at 338 companies that had set science-based targets between ...

Climate risk warning on government bond yields

RACHEL ALEMBAKIS  |  THURSDAY, 15 SEP 2022  |  NEWS
... of fixed income holdings by asset owners like super funds, and it is more challenging to engage on concerns like climate risk policy and physical and transition risk management because that involves speaking to governments, rather than individual companies. ...

UniSuper caps future investment in fossil fuel

RACHEL ALEMBAKIS  |  THURSDAY, 15 SEP 2022  |  NEWS
... more than 10% of revenue from the extraction and production of thermal coal. UniSuper has issued its fifth annual climate risk report, detailing the $108 billion super fund's progress towards its net zero 2050 target and activities around climate risk ...

Podcast: Managing climate and sustainability megatrends with Terence Jeyaretnam

RACHEL ALEMBAKIS  |  THURSDAY, 15 SEP 2022  |  NEWS
In this week's episode of The Greener Way, we speak with Terence Jeyaretnam, EY's APAC leader and partner for climate change and sustainability. Jeyaretnam explains how a career that started as an environmental engineer led him to develop his expertise ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
... credit, market, liquidity and operational risks, adds to this complexity." APRA r ecently released the results of a climate risk self-assessment survey which found that almost 40% of banks, insurers and superannuation funds say climate-related events ...