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Showing 21 - 30 of 243 results for "financial risk"

ANZ hit with additional $10m penalty

MATTHEW WAI  |  MONDAY, 22 DEC 2025  |  NEWS
... consequences for the government, taxpayers and tens of thousands of customers," Longo said. "ANZ must overhaul its non-financial risk management and put the interests of clients, customers and the public first. "In the bond trading and misreporting matter ...

Companies up risk management to tackle physical risks: Research

KARREN VERGARA  |  THURSDAY, 13 NOV 2025  |  NEWS
... pursuing revenue opportunities that help clients mitigate physical climate impacts. "In short, physical risk is financial risk, based on how most companies say they are confronting it," Lee said.

ANZ docks executive pay over governance failures

ELIZA BAVIN  |  MONDAY, 10 NOV 2025  |  NEWS
... delivering the ANZ Plus single-customer front end, simplifying the bank and reducing duplication, and improving non-financial risk management." ANZ's full-year cash profit fell 14% due to redundancy costs and legal penalties. Cash profit was $5.8 ...

SSIM limits NZAM commitment

KARREN VERGARA  |  MONDAY, 10 NOV 2025  |  NEWS
State Street Investment Management (SSIM) is limiting its commitment to the recently revived Net Zero Asset Managers (NZAM), yanking its US business out of the alliance. After a review of the revised NZAM commitments, SSIM said it "will redefine its ...

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025  |  NEWS
... accurate and transparent communication to members regarding how we are addressing climate change as a material financial risk." ASIC said payment of an infringement notice is not an admission of guilt or liability. ASIC also confirmed today that Prime ...

Net Zero Asset Managers resumes operations

KARREN VERGARA  |  MONDAY, 3 NOV 2025  |  NEWS
Net Zero Asset Managers (NZAM) is resuming operations after taking a pause in January, saying it is now ready for a new chapter. The alliance, which had more than 300 members at one point, said it has updated it commitment statement that has been shared ...

Young people sue Canadian pension giant alleging climate failures

JAMIE WILLIAMSON  |  TUESDAY, 28 OCT 2025  |  NEWS
... agreed with the member to do more, including acknowledging that climate change is a direct, material and current financial risk.

APRA told to reign in super system's financed emissions

RIDDHIMA TALWANI  |  MONDAY, 20 OCT 2025  |  NEWS
... scope to pursue climate-related investment activities. "Climate change is not a niche ESG issue-it's a systemic financial risk over the 70-year time horizons that many Australians will experience with their super. A VER framework ensures that funds ...

IGCC launches climate resilience, governance guides

JAMIE WILLIAMSON  |  MONDAY, 13 OCT 2025  |  NEWS
The Investor Group on Climate Change (IGCC) has released two new guides, Climate Capability for Boards and Beyond Risk to Building Resilience, designed to strengthen corporate governance and climate resilience. Climate Capability for Boards: A Framework ...

NAB subject to Australia's first bank shareholder resolution on nature risk

ANGELIQUE MINAS  |  TUESDAY, 7 OCT 2025  |  NEWS
... any bank to be funding clients who rely on deforestation to make a profit - these same clients face heightened financial risk associated with the degradation of soil quality, reduced long term agricultural capacity and potentially reduced market access." ...