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Showing 161 - 170 of 240 results for "financial risk"

APRA creating and recruiting to fill role of head of climate risk

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAY 2020  |  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. "The guidance will ...

Hong Kong regulators establish sustainable finance steering group

RACHEL ALEMBAKIS  |  FRIDAY, 8 MAY 2020  |  NEWS
... support the Government's climate strategies," according to a joint press statement. "Climate change is a source of financial risk impacting the entire financial sector and is highly relevant to our mandate," said Eddie Yue, co-chair of the steering group ...

CCA publishes climate policy toolkit for transition to net-zero economy

RACHEL ALEMBAKIS  |  FRIDAY, 20 MAR 2020  |  NEWS
... shift to low emissions presents many opportunities for Australia." The report suggests pricing climate-related financial risk, citing the Taskforce on Climate-related Financial Disclosures (TCFD) as a way to include risks associated with physical climate ...

Comment: hindsight is 2020

RACHEL ALEMBAKIS  |  FRIDAY, 14 FEB 2020  |  NEWS
... changing climactic conditions. Regulators and investment and legal experts acknowledge that climate change will impact financial risk management and long term investment decisions. This will influence where funds are flowing to and thus asset prices. ...

Climate change, human rights risks intertwined: GCNA

RACHEL ALEMBAKIS  |  FRIDAY, 31 JAN 2020  |  NEWS
Climate change is a strategic risk to business, their employees and the communities in which they operate, and is also intertwined with human rights, according to Global Compact Network Australia (GCNA). Kylie Porter, GCNA executive director GCNA, the ...

Directors urged to exercise legal duties over climate risk as context evolves

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
This week, Exxon was cleared over charges it had misled shareholders over the cost of climate change, but a legal expert cautioned that directors should not interpret too much from the decision. Sarah Barker, head of climate risk governance at Minter ...

Sexual harassment a potential investment, financial risk in supply chain

RACHEL ALEMBAKIS  |  FRIDAY, 22 NOV 2019  |  NEWS
... that source from factories where there is sexual harassment. "Increasingly, reputational risk is correlated with financial risk, where you've got sexual harassment and systems aren't in place to manage it, brands will lose support," Chinnery said,. "Also ...

ASIC critiques management of non-financial risk in governance review

RACHEL ALEMBAKIS  |  FRIDAY, 4 OCT 2019  |  NEWS
Company boards and directors are "challenged by important elements of non-financial risk management," according to the Australian Securities and Investments Commission (ASIC). Matthew Bell, EY Oceania climate change and sustainability leader ASIC this ...

Climate change, ageing population to cause twin impacts: Actuaries Institute

RACHEL ALEMBAKIS  |  FRIDAY, 27 SEP 2019  |  NEWS
... said. "The Dialogue series is a thought leadership piece. It doesn't recommend policy, but it aims to offer a financial risk view feeding into policy. Some of the takeaways from this report are that there is this interaction. You can't look at ...

MSCI Barra purchases data analytics firm Carbon Delta

RACHEL ALEMBAKIS  |  FRIDAY, 13 SEP 2019  |  NEWS
... partnerships with leading academic and research institutions around the world to advance the use of climate science for financial risk analysis," MSCI said. "Carbon Delta has aimed to create the best climate change scenario analytics for financial institutions," ...