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Showing 51 - 60 of 471 results for "Climate risk"

Disorderly transition may spark financial meltdown

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... what transition policies will be implemented across the various nations." If current policies continue, physical climate risk will amount to a US$3.25 billion impact on GDP by 2030; US$6.75bn by 2050; and US$27.4bn by 2100. An orderly transition to net ...

Asset managers fast track portfolio targets

ROSE MARY PETRASS  |  FRIDAY, 2 AUG 2024  |  NEWS
Net zero target setting and disclosures are on the rise amid growing concern around the financial risks of climate change, according to a group of 325 investors with over US$57.5 trillion AUM. The group - Net Zero Asset Managers (NZAM) - aims to decarbonise ...

ISS ESG to plug emissions data shortfall for banks, insurers

MICHELLE BALTAZAR  |  THURSDAY, 1 AUG 2024  |  NEWS
... which would help investors and asset owners allocate capital to businesses that are more adept at managing their climate risk goals. The regulatory deadlines imposed by the government on robust emissions reporting, under the Climate reporting Bill, are ...

QIC taps resilience skills

ELIZABETH FRY  |  FRIDAY, 26 JUL 2024  |  NEWS
... sweeping change to the investment market. The transition to a low-carbon economy which, when layered with physical climate risk, cyber threats, and geopolitical tensions, demands a greater focus on resilience and innovation. QIC Infrastructure sustainability ...

Over half of firms created new net zero roles: Deloitte

ROSE MARY PETRASS  |  WEDNESDAY, 3 JUL 2024  |  NEWS
... operations, reporting and disclosures to investor relations and sustainable finance, adding that the focus is on climate risk and compliance. However, it's not just about hiring specialists - the C-suite is also driving change. Deloitte's survey ...

Allspring defends exit from climate group

ROSE MARY PETRASS  |  TUESDAY, 2 JUL 2024  |  NEWS
The global asset manager commented on its departure of the Climate Action 100+ (CA100+), stating it will not abandon climate goals. Allspring said it exited CA100+ so it could take a more customised approach. The Investor Group on Climate Change (IGCC) ...

Investors exit climate group amid politicisation

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
... collaborative investor engagements and ignores the business rationale for addressing climate-related financial risk. "Climate risk is material, it can manifest as financial risk, and institutional investors are well-served by acting on these risks and ...

Sustainable Finance Roadmap to turbocharge investment

ROSE MARY PETRASS  |  THURSDAY, 20 JUN 2024  |  NEWS
... mandatory climate disclosures and developing an Australian taxonomy is helping to ensure Australia can properly manage climate risk and capitalise on the renewable energy superpower opportunity." Graham said additional reform, including product labelling ...

ERM inks deal with Energetics

ROSE MARY PETRASS  |  TUESDAY, 11 JUN 2024  |  NEWS
The world's largest pure play sustainability consultancy has signed up to buy an Aussie climate risk and energy transition consultancy for an undisclosed sum. The world's largest pure play sustainability consultancy has signed on the dotted line to ...

APRA acts on climate risk watch

ROSE MARY PETRASS  |  FRIDAY, 7 JUN 2024  |  NEWS
Australian Prudential Regulation Authority (APRA) chair John Lonsdale has urged regulated entities to self-assess their current practice to reduce climate-related risks. The prudential regulator is conducting a voluntary survey of its regulated entities ...