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Showing 61 - 70 of 472 results for "Climate risk"

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 ...

Global investors unite for Climate Action 100+

ROSE MARY PETRASS  |  MONDAY, 3 JUN 2024  |  NEWS
... clearly how they are addressing climate change as a systemic risk." "Addressing significant investment risks, including climate risk, is a fiduciary imperative" The statement included signatories from the UK, Canada, the US, the Netherlands, Switzerland ...

One in three analyse physical climate risk: IGCC

ROSE MARY PETRASS  |  THURSDAY, 30 MAY 2024  |  NEWS
... Approximately 87% of respondents were IGCC members. Nearly all investors have now set climate strategy and portfolio climate risk monitoring as a board level matter. 62% already align their climate reporting with international standards. Investors increasingly ...

Govt moves timetable on power station closure

ROSE MARY PETRASS  |  MONDAY, 27 MAY 2024  |  NEWS
... our transition to low carbon transportation, we do have a problem. "We are in an economy that is highly exposed to climate risk. And if we keep giving handouts or support to assets without clear transition plans, then we have a problem. Because we are ...

ISSB digital standards not perfect

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
... general manager at Climate Valuation and finance practice lead at XDI (Cross Dependency Initiative - part of The Climate Risk Group), says the ISSB sustainability standards are not perfect. The main deficiency is that the standards are not sufficiently ...

Active ownership is the new sheriff in town

MICHELLE BALTAZAR  |  WEDNESDAY, 1 MAY 2024  |  NEWS
... clear signal that the risks involved in those companies will not equate to great, enduring value in the long run." On climate risk, the fund has zeroed in on companies within its equity portfolios that are falling behind on their climate transition plans. ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  MONDAY, 29 APR 2024  |  NEWS
... entities to have to go to the significant expense, as well as the investment of time, to prove they have no material climate risk," CA ANZ reporting and assurance leader Amir Ghandar said. "What's the point of subjecting Group 3 firms to such costs ...

MLC Life sustainability manager joins impact firm

ROSE MARY PETRASS  |  TUESDAY, 23 APR 2024  |  NEWS
... director. Impact Alpha Partners (IAP), founded in 2023, sought Lucchese's expertise spanning environmental science, climate risk and sustainable finance. As FS Sustainability 's sister magazine Industry Moves reported in April, Lucchese recently joined ...

Investors fail to vote for climate despite pledges

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... climate goals." Market Forces' new analysis highlights how all directors of companies failing to meet investors' stated climate risk management expectations must face increased scrutiny and repercussions for inaction. "Directors of companies continuing ...

Directors welcome new climate reporting regime

ROSE MARY PETRASS  |  THURSDAY, 28 MAR 2024  |  NEWS
... super funds, have been calling for greater disclosure in order to make better-informed investment decisions around climate risk - but some companies pushed back, citing fears around greenwashing litigation if they couldn't get their houses in order in ...