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Showing 541 - 550 of 2691 results for "Australian"

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... has conducted a climate vulnerability assessment into the possible impactse of psyical and transition risk on major Australian banks and said the preliminary analysis showed that banks would experience losses, but "nott of a magnitude that would cause ...

Nearly a quarter of Australian bank debt has nature-related risk

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Approximately $260 billion of all outstanding Australian bank loans, or 22% of bank lending, are highly exposed to nature-related risk. Ernst & Young Australia and the Australian Conservation Foundation released a report finding that banks that are ...

Treasury issues statement on systemic climate risk to government bonds

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Treasury has acknowledged that climate is a systemic risk for the Australian economy and creates uncertainty about the fiscal impacts of climate change on government bonds. The federal court has approved a settlement between the Commonwealth and Kathleen ...

Investors press Boral for clarity on net zero ambitions

RACHEL ALEMBAKIS  |  THURSDAY, 26 OCT 2023  |  NEWS
... after the company announced that it was walking back its 2025 commitment to reducing emissions from 18% to 12-14%. Australian Ethical is the lead investor on the engagement. "We have been engaging with the company for a long time and have met with the ...

Role for finance after No vote

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
Despite being voted down by the Australian public, the First Nations Voice to Parliament saw support from the private sector which viewed the federal advisory body as the next step for reconciliation. As the dust settles, experts say finance has an ...

Investors prepare for urgent action on nature

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... "The train left the station a long time ago, but somehow we are living in a parallel world," Nicole Yazbek-Martin, Australian Sustainable Finance Institute head of taxonomy and natural capital said. For all the talk about global initiatives, Yazbek-Martin ...

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... Agency's World Energy Outlook 2023 finds that renewables are currently nearing half of the global energy mix. One in three Australian homes now have solar panels - and this is predicted to double over the next ten years. The report found fossil fuel ...

Farm to table reporting to increase ag investment certainty

ROSE MARY PETRASS  |  TUESDAY, 24 OCT 2023  |  NEWS
... statutory board AgriFutures Australia and sustainability consultancy Lifecycles. The project, which will broaden the Australian Life Cycle Inventory (AusLCI) database, forms part of the federal government's Sustainability Reporting Uplift Grant Round ...

AASB publishes climate-related disclosure standards draft

RACHEL ALEMBAKIS  |  MONDAY, 23 OCT 2023  |  NEWS
Australian Sustainability Reporting Standards (ASRS) will first focus on climate-related financial reporting, under an exposure draft released by the Australian Accounting Standards Board (AASB). AASB has opened up a 120-day comment period on ASRS 1 ...

Connecting capital to nature the next challenge: ASFI

RACHEL ALEMBAKIS  |  FRIDAY, 20 OCT 2023  |  NEWS
... the next stage in driving real world impacts in protecting the natural world. The topic of how the finance sector and Australian industries like agriculture can work together to create positive real-world impacts by integrating natural capital calculations ...