Search Results

Showing 21 - 30 of 114 results for "Financial System"

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... "Nevertheless, these early results need to be treated with caution as our understanding of climate-related risks to the financial system is still developing; losses could be larger and occur faster than currently anticipated," he said. "More advanced ...

PRI to shake up reporting framework for signatories

RACHEL ALEMBAKIS  |  THURSDAY, 26 OCT 2023  |  NEWS
... this arena. The pathways are intended to "clarify the different roles of responsible investors in a sustainable financial system," PRI said. "As we start to work through the broader questions of what responsible investment means, what ESG informed investing ...

Successful merger for social and inequality reporting framework

ROSE MARY PETRASS  |  FRIDAY, 1 SEP 2023  |  NEWS
Two initiatives focusing on inequality-related and social-related financial disclosures have successfully consolidated into a single taskforce to address related risks in reporting. The initiatives - the Taskforce on Inequality-related Financial Disclosures ...

RBA sets 2030 net zero target

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
... particular, the heightened uncertainty around how the climate will change and how this will impact the economy and financial system. Furthermore, these changes are occurring over a prolonged timeframe, not just a normal business/policy cycle. And there ...

Bridging the ESG gap: strategies for institutional investors

ROSE MARY PETRASS  |  MONDAY, 28 AUG 2023  |  NEWS
... University, won the award for their roles in driving the adoption and use of green finance research across the global financial system, aligning with the UK's legally binding net-zero targets. UBS also provides a range of investment styles and strategies ...

Climate: debt rise, credit falls for 59 nations as early as 2030

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
The global financial system will see progressive deterioration of sovereign credit ratings in 59 countries due to climate-related factors, resulting in a substantial rise in both corporate and sovereign debt by tens of billions of dollars from 2030. ...

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
... see a 10% reduction. This methodology influences global economic policy through the Network for Greening the Financial System (NGFS), the Financial Stability Board (FSB), and the Intergovernmental Panel on Climate Change (IPCC). NGFS, which the RBA uses ...

Climate transition a factor in sovereign debt pricing: Ardea

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... to in equity investing. Considering that the government bond market is vital for the functioning of the global financial system, it is vital that fund managers first consider how climate change will impact the yield curve, Ryan said. "We advocate that ...

Treasury seeks feedback on mandatory climate-related financial disclosures

ROSE MARY PETRASS  |  WEDNESDAY, 28 JUN 2023  |  NEWS
... climate-related risks and opportunities should be reported, strengthening the overall stability of the Australian financial system." Previous consultation submissions The previous consultation, held between December and February 2023, received 194 submissions ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... operating models, and financing mechanisms. Implementing the MDB joint declaration is one step towards enabling the financial system to shift at the scale required to align all financial flows with the goals of the Paris Agreement. The PRI recently called ...