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Showing 11 - 20 of 83 results for "Prudential"

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... legal redress on these critical financial disclosures is an affront to the rule of law and may lead to significant prudential and market integrity issues." FS Sustainability reached out to Treasury for clarification on how such a proposal function if ...

BlackRock, SGX, and MSCI launch US$426M Singapore climate action ETF

ROSE MARY PETRASS  |  TUESDAY, 19 SEP 2023  |  NEWS
... with the climate action objectives of investors. The ETF is managed by BlackRock, and has received anchor support from Prudential, one of the largest asset owners in Asia and a member of the Net Zero Asset Owners Alliance. The ETF tracks the MSCI AC ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
The Australian Prudential Regulation Authority (APRA) has clarified that they expect super funds to demonstrate an understanding of ESG risks and opportunities in investment activities and demonstrate how stewardship activities generate value in investments. ...

Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
Treasury has released an updated statement of expectations for the Australian Prudential Regulation Authority (APRA) which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is ...

Outgoing APRA deputy governor calls for greater board diversity

RACHEL ALEMBAKIS  |  THURSDAY, 18 MAY 2023  |  NEWS
... also considering how we can strengthen this aspect of governance and risk management as part of upcoming reviews of Prudential Standards CPS 510 Governance and CPS 220 Risk Management." "There is a range of reasons why some boards do better than others ...

Push for greater ESG alignment in C-Suite pay

RACHEL ALEMBAKIS  |  THURSDAY, 2 MAR 2023  |  NEWS
... expects the low number of ASX100 companies with LTI links to ESG metrics will rise over the next 12-24 months as APRA's Prudential Standard CPS 511 takes effect. CPS 511 states that all APRA regulated entities - such as the Big Four banks - "must maintain ...

APRA publishes results of banking climate vulnerability assessment

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) has published the findings of its first Climate Vulnerability Assessment (CVA) of Australia's five largest banks and signaled that the insurance industry is likely to be the next regulated sector ...

Regulatory roundup on key sustainability developments

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
... APRA conducted with Australia's five largest banks is likely to be expanded to other industries overseen by the prudential regulator, including super funds and insurers, according to deputy chair Helen Rowel l. Speaking at the recent Australian Sustainable ...

APRA flags extension of climate vulnerability asssessment to super, insurance

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
... that APRA conducted with Australia's five largest banks is likely to be expanded to other industries overseen by the prudential regulator, including super funds and insurers, according to deputy chair Helen Rowell. Speaking at the recent Australian Sustainable ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
... was designed to provide insights into how institutions are aligning their practices with the expectations outlined in Prudential Practice Guide CPG 229 Climate Change Financial Risks. "But recognition only gets us so far," Byres said of the survey results. ...