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Showing 31 - 40 of 330 results for "banks"

Record climate spending for low and middle-income economies

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Climate finance by multilateral development banks (MDBs) for low-income and middle-income economies hit a new high of US$60.7 billion in 2022, up 46% from 2019, a new joint report has found. The spend included US$38 billion (63%) on climate change mitigation ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... waterproofing, the materials you use on ground floor, etc. "We can do it at the community level about - levies for river banks...The money you save from avoiding loss of life and disruption to business, gives you a very good benefit/cost ratio nine times ...

Brookfield buys UK Banks Renewables

ROSE MARY PETRASS  |  WEDNESDAY, 4 OCT 2023  |  NEWS
Brookfield Asset Management will buy UK-based renewable energy company Banks Renewables for US$1 billion. This follows the acquisition of US renewable energy developer Urban Grid by Brookfield Renewable and its investors earlier this year for $650 million. ...

Podcast: Alex Banks - she speaks for the trees

RACHEL ALEMBAKIS  |  WEDNESDAY, 20 SEP 2023  |  NEWS
On this episode of The Greener Way, we're talking with Alex Banks, a partner at EY's Climate Change and Sustainability Services. Banks is co-author of a report commissioned by The Wilderness Society that found that financiers do not assess and disclose ...

Bank says fossil fuel exclusions "will bite" in the future

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
... sustainability-conscious financial institution is putting its money where its mouth is. "There are a lot of fossil-free banks out there that don't have a way of shouting about it yet." The certification is informed by information taken both from ...

RBA sets 2030 net zero target

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
... central bank functions. "On a broader scale, there is a question about whether climate-related trends could cause central banks to re-examine the relative merits of flexible inflation targeting," Bullock said. "The RBA Review considered this question ...

Finance "misunderstanding" risk of nature loss

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
... "world-record leading rate of environmental decline" and investors are not prepared for oncoming requirements. Alexandra Banks, partner in climate change and sustainability services at EY Oceania, said the report guides institutions on understanding ...

How investors manage risk in a new AI world

ROSE MARY PETRASS  |  THURSDAY, 17 AUG 2023  |  NEWS
... "Companies that are particularly exposed to AI risk are those with large amounts of data," Pringle said. This includes regional banks, mid-tier finance entities, and the healthcare sector. On the other hand, the tech and service industries see countless ...

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

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
Financial institutions, central banks, regulators and governments underestimate the economic damages of climate change because they don't consider climate tipping points. Methodologies that guide the finance world should be corrected as a matter ...

New net zero bondholder stewardship guidance: IIGCC

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... bondholders are unable to exercise voting rights in the way that an equity holder can. This includes with issuers, investors, banks, rating agencies, and regulators such as with banks or credit rating agencies. Bondholders do not possess the same rights ...