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Showing 51 - 60 of 204 results for "financial risk"

Corporates to begin adopting final TNFD recommendations

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  TUESDAY, 19 SEP 2023  |  NEWS
... that with nature degradation increasing six of the nine planetary boundaries already breached, "nature risk is financial risk". "To date, businesses have mostly considered nature to be an unlimited and free provider of critical inputs into their operations ...

Investors call for leadership diversity at ASX300 listed companies

ROSE MARY PETRASS  |  MONDAY, 4 SEP 2023  |  NEWS
... under multiple metrics. "Corporate cultures that are not inclusive and do not encourage diversity represent a clear financial risk to investors - this can negatively impact a company's reputation, its productivity, and ability to attract and retain talent," ...

Successful merger for social and inequality reporting framework

ROSE MARY PETRASS  |  FRIDAY, 1 SEP 2023  |  NEWS
Two initiatives focusing on inequality-related and social-related financial disclosures have successfully consolidated into a single taskforce to address related risks in reporting. The initiatives - the Taskforce on Inequality-related Financial Disclosures ...

Finance "misunderstanding" risk of nature loss

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
... unique natural environment and are based on a lack of awareness of our unique environment. This poses a significant financial risk for investors as nature and biodiversity are critical foundations of the global economy. Biological diversity, or biodiversity ...

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 ...

Companies urged to address Scope 3 emissions

ROSE MARY PETRASS  |  THURSDAY, 8 JUN 2023  |  NEWS
... quickly, as to the most appropriate path to take on that issue." If the Treasury proposal to mandate climate-related financial risk reporting, potentially including Scope 3 reporting, becomes law, it could pose challenges for many companies, Higgins ...

Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
Treasury has released an updated statement of expectations for the 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 ...

Outgoing APRA deputy governor calls for greater board diversity

RACHEL ALEMBAKIS  |  THURSDAY, 18 MAY 2023  |  NEWS
Despite progress on increasing diversity on boards, outgoing APRA deputy governor Helen Rowell said "genuine diversity is still lacking around too many board tables" in the financial sector. In her final speech as APRA deputy governor, Rowell touched ...

Assessing the risks of psychosocial safety

ROSE MARY PETRASS  |  WEDNESDAY, 17 MAY 2023  |  NEWS
No company is immune to risks of psychosocial safety, which poses potential financial risks due to negative impacts on workers and costs associated with lost productivity. Research shows that finance industry and corporate environments, alongside healthcare ...

New collaboration to create TCFD for social risks

ROSE MARY PETRASS  |  TUESDAY, 2 MAY 2023  |  NEWS
... comprehensive understanding of the interdependencies between climate change, nature, social issues, and inequality in financial risk assessment and decision-making. The TIFD interim secretariat includes the United Nations Development Programme (UNDP) ...