Search Results

Showing 41 - 50 of 330 results for "banks"

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
Ten multilateral development banks (MDBs) have identified the financing activities most closely aligned with achieving the intent of the Paris Agreement while also defining financing coal- and peat-related activities as not aligned. The MDBs involved ...

IIGCC, TPI Centre launch Bank Net Zero Standard

ROSE MARY PETRASS  |  TUESDAY, 13 JUN 2023  |  NEWS
... The Institutional Investors Group on Climate Change (IIGCC) and other stakeholders has launched a Net Zero Standard for Banks alongside a Banking Assessment Framework setting out investor expectations on the transition to net zero. Over 25 investors ...

Climate change most pressing issue for APAC C-Suite: Deloitte

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
... pressure to a large or moderate extent, with regulators, consumers, shareholders, employees, civil society, competitors and banks all adding influence. "Many CxOs struggle still to articulate the link between climate change/climate action and the value ...

Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
... Australian Prudential Regulation Authority (APRA) which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider risks related to climate ...

First Sentier Investors to focus on armed conflict

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAY 2023  |  NEWS
... There are general sectors that are more impacted by the conflicts Turner identified - agriculture, weapons, automobiles, and banks, but the exposures in some cases were so diffuse that taking a broad sectoral approach didn't provide enough clarity. ...

140 years to gender parity in finance: OMFIF

ROSE MARY PETRASS  |  WEDNESDAY, 26 APR 2023  |  NEWS
It will take more than a century for central banks and other financial institutions to reach gender balance in leadership, according to the Gender Balance Index 2023. The index, released by the Official Monetary and Financial Institutions Forum (OMFIF) ...

No role for monetary policy to address climate change

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
... price stability if the central bank were to use its balance sheet to implement stimulus for climate action. For central banks and other financial regulators, the coordination of standards around climate-related disclosures and taxonomies is a more targeted ...

Podcast: Recognising tomorrow's sustainability winners

RACHEL ALEMBAKIS  |  THURSDAY, 23 MAR 2023  |  NEWS
Graz van Egmond is the CEO of the Banksia Foundation, which runs the annual Banksia Foundation Sustainability Awards. The awards have highlighted organisations around Australia, of all sizes and industries, for their sustainability performance for more ...

Fink counts the cost of "easy money" in annual letter

RACHEL ALEMBAKIS  |  THURSDAY, 16 MAR 2023  |  NEWS
... domino could be asset-liability mismatches such as that demonstrated in the collapse of Silicon Valley bank and two other US banks. The third domino could be liquidity mismatches - with low interest rates, some asset owners increased commitments to illiquid ...

Push for greater ESG alignment in C-Suite pay

RACHEL ALEMBAKIS  |  THURSDAY, 2 MAR 2023  |  NEWS
... APRA's Prudential Standard CPS 511 takes effect. CPS 511 states that all APRA regulated entities - such as the Big Four banks - "must maintain a remuneration framework that promotes effective management of financial and non-financial risks." CPS 511 ...