Search Results

Showing 201 - 210 of 378 results for "banks"

Analysis: climate change, Australia and the fierce urgency of now

RACHEL ALEMBAKIS  |  FRIDAY, 24 JAN 2020  |  NEWS
... essential tool going forward. The finance industry is also in the spotlight, as the public is asking their superannuation funds, banks, and insurance companies for their actions to mitigate risk and seek opportunity in the response to climate change. ...

Genex Power closes $192 million certified green debt funding package

RACHEL ALEMBAKIS  |  FRIDAY, 20 DEC 2019  |  NEWS
... cost of certification is relatively modest, but what it opened up is that it allows us to tap into the huge appetite of banks and equity companies to provide green finance," he said. "We found that if you can be independently certified as being green ...

ASFI identifies six critical challenges for sustainable finance roadmap

RACHEL ALEMBAKIS  |  FRIDAY, 13 DEC 2019  |  NEWS
... O'Connor, CEO RIAA ASFI is a collaborative initiative supported by insurers, superannuation funds, investment managers and banks that are developing an Australian Sustainable Financial Roadmap with the end goal of realigning the financial services sector ...

Analysis: too big to be sustainable?

RACHEL ALEMBAKIS  |  FRIDAY, 29 NOV 2019  |  NEWS
... then-record fine of $700 million to settle proceedings relating to serious breaches of AML/CTF laws. Indeed, Australian banks aren't even unique at a global level - a 2017 report by Vigeo Eiris examined the responsible and ethical culture in banking ...

Sustainalytics rates unmanaged ESG risk in ASX200

RACHEL ALEMBAKIS  |  FRIDAY, 18 OCT 2019  |  NEWS
... ethics in the financial sector. After the conclusions of the Royal Commission inquiry into banking and financial services, banks have announced implementation of action plans and the setting aside up to $10 billion in provisions, but Sustainalytics pointed ...

CBI, WWF call upon central banks, prudential regulators for climate action

RACHEL ALEMBAKIS  |  FRIDAY, 18 OCT 2019  |  NEWS
Central banks and prudential regulators should take "accelerated action" to reduce systemic financial sector vulnerability to climate risks, increase global green capital allocation, and support transition by bank, insurers, and other financial institutions ...

Market Forces lodges shareholder resolutions with Westpac, NAB, ANZ

RACHEL ALEMBAKIS  |  FRIDAY, 11 OCT 2019  |  NEWS
Market Forces has lodged shareholder resolutions with Westpac, NAB and ANZ, calling on the banks to reduce lending and exposure to fossil fuel companies consistent with the goals of the Paris Agreement on climate change. Climate-related resolutions ...

ASIC critiques management of non-financial risk in governance review

RACHEL ALEMBAKIS  |  FRIDAY, 4 OCT 2019  |  NEWS
... Superannuation and Financial Services Industry. ASIC conducted 60 interviews with executives and directors at the big four banks, AMP, IAG and IOOF and received more than 29,000 documents as part of the review. The review examined non-financial risks ...

Median CEO bonus payout near record high: ACSI

RACHEL ALEMBAKIS  |  FRIDAY, 20 SEP 2019  |  NEWS
... absence of significant downwards adjustment to remuneration at executive level." "Some of the remuneration results in the banks last year in the midst of the Royal Commission stood out," John said. I think APRA's work as well is significant. The fact ...

Australia's green bond issuance tops $15 billion: Climate Bonds Initiative

RACHEL ALEMBAKIS  |  FRIDAY, 30 AUG 2019  |  NEWS
... investment via use of green bonds and other green investment products. The GIIO report backs "new long-term partnerships between banks, superannuation funds, corporations and governments to address rising emissions, urban congestion and sustainability ...