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Showing 711 - 720 of 2679 results for "risk"

Deutsche Bank links 33% of long-term bonuses to non-financial targets

ROSE MARY PETRASS  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... amount of sustainable financing and ESG investments, the reduction of electricity consumption in the bank's buildings, climate risk management, improvements in gender diversity, and governance factors including control risk management, anti-money laundering ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... McKinsey report claimed that generative AI adoption in financial services could fundamentally reshape employee tasks, from risk assessments and fraud detection to software development and customer service. It projects that nearly one-third of task hours ...

Members beef up ESG checks

ROSE MARY PETRASS  |  TUESDAY, 19 MAR 2024  |  NEWS
... money delivers a positive impact. This surge in ethical investment fervour comes with a warning sign: move the needle or risk losing members. In fact, three-quarters of Aussies would change providers if their fund doesn't align with their values - and ...

Greenwashing remains a priority: ASIC

MICHELLE BALTAZAR  |  MONDAY, 18 MAR 2024  |  NEWS
The call to stamp greenwashing at the root may have the potentially unintended consequence of stopping big companies from doing a better job at tackling environmental risks, including climate change. It was a packed room last Thursday at the annual ...

Big super's plan on fossil fuel return

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... publicly divest if they fail to comply," Morgan said. Fully, 29 of the 30 funds identify climate change as a significant risk and/or have set an emissions reduction target through an active ownership strategy. Super fund support for climate-related shareholder ...

AI poses serious governance risk

MICHELLE BALTAZAR  |  FRIDAY, 15 MAR 2024  |  NEWS
... Superannuation Investors (ACSI) conference yesterday about the unchecked environmental, social, and corporate governance (ESG) risk arising from the use of AI systems. Davis is a director at UTS' Human Technology Institute (HTI), which released The State ...

Members shouldn't carry energy and housing

MICHELLE BALTAZAR  |  FRIDAY, 15 MAR 2024  |  NEWS
Fund members want their super funds to focus on risk-adjusted returns, not nation-building rhetoric, said Paul Schroder, chief executive at Australia's largest superfund with A$300 billion AUM. Speaking at the closing panel session of the Australian ...

More calls for adaptation

ROSE MARY PETRASS  |  THURSDAY, 14 MAR 2024  |  NEWS
Adaptation should be rolled out alongside emissions mitigation, says assistant minister for climate change and energy Jenny McAllister. It is estimated that climate change will cost US$1.7-3.1 trillion a year through to 2050 globally. For example, the ...

Canberra targets natural disaster insurance gap

ROSE MARY PETRASS  |  WEDNESDAY, 13 MAR 2024  |  NEWS
... "fire", as well as reforms to the standard cover regime. The reforms are designed to cut insurance costs in communities most at risk of natural threats, enhance mitigation measures, and promote better outcomes for consumers. Terms describing "fire" ...

Major indices provide ESG clarity

ROSE MARY PETRASS  |  TUESDAY, 12 MAR 2024  |  NEWS
... relative to the constituents in the underlying-parent indices. S&P DJI used S&P Global Sustainable1's Nature & Biodiversity Risk dataset to assess nature-related impacts and dependencies across a company's direct operations at an asset, company and ...