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Showing 21 - 30 of 407 results for "climate risk"

Treasury publishes climate disclosure legislation

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
... management will have to report on the financial impacts of climate change from 1 July 2026, according to mandatory climate risk reporting legislation proposed by government. Treasury released the exposure draft of legislation that would make financial ...

Paris overshoot: are investors prepared?

ROSE MARY PETRASS  |  FRIDAY, 12 JAN 2024  |  NEWS
In the face of projections that 2024 is set to surpass the 1.5°C Paris Agreement threshold, experts are concerned that investors are unprepared for the escalating risks associated with climate change. Investors navigate these risks by employing models ...

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
Current financial regulations and central banking activities have an outsized focus on climate, and neglect broader impacts such as biodiversity loss and its effects on communities who rely on nature for their livelihoods. While progress has been made ...

Top 10 most-read articles of 2023

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... economic empowerment during the transition to a low climate global economy. #9 Treasury mandates APRA must consider climate risk in duties June: Treasury released an updated statement of expectations for the Australian Prudential Regulation Authority ...

Agriculture funding takes the stage at COP28

RACHEL ALEMBAKIS  |  MONDAY, 11 DEC 2023  |  NEWS
... climate impacts and financed climate emissions in agricultural and land assets is a key challenge for Australia. Climate risk reporting platform Wollemi notes that the Australian banking sector is highly exposed to agriculture, lending $92 billion to ...

Australia joins COP28 gender and just transition partnership

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
Australia is among more than 60 countries to endorse the COP28 Gender-Responsive Just Transitions and Climate Action Partnership, which will focus on supporting women's economic empowerment during the transition to a low climate global economy. ...

Super investment key to decarbonising Australia: ASFA

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
... an impact from where companies are transitioning and an impact on member returns. "Over the long term, increasing climate risk means worse returns for members." The transition to net zero portfolio emissions is highly complex and involves integrating ...

How to spot a credible transition plan: Energetics

RACHEL ALEMBAKIS  |  MONDAY, 4 DEC 2023  |  NEWS
... budget and resources. Q: How do you understand those risks and opportunities and what are the tools? A: Understanding climate risk often starts with climate scenario analysis. There are a range of different potential futures, and businesses need to understand ...

Net zero roadmap shifts public service spending to green

RACHEL ALEMBAKIS  |  THURSDAY, 30 NOV 2023  |  NEWS
... construction services, ICT, textiles, and furniture, fixtures and equipment. The department notes that mandatory climate risk disclosure by large business and financial institutions will help the government consider climate information from large suppliers. ...

Greenwashing a serious threat to financial markets: ASIC

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
... that we maintain market integrity to attract the capital required to make the transition to net zero and ensure that climate risk is adequately priced into the market," Longo said. "With demand for sustainable products growing, it's essential that entities ...