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Showing 61 - 70 of 374 results for "banks"

Deep dive: Blue Finance explained - Lucy Holmes

THE GREENER WAY  |  TUESDAY, 26 DEC 2023  |  NEWS
... biodiversity to driving sustainable economic growth in emerging economies and marginalised communities. Holmes works with banks and investors to identify the risks of a business-as-usual approach and to incorporate ocean-related ESG metrics into financial ...

Agriculture funding takes the stage at COP28

RACHEL ALEMBAKIS  |  MONDAY, 11 DEC 2023  |  NEWS
... financial services and corporates need to move to climate management/reporting frameworks," Sneddon said. "APRA has told banks they need to manage and disclose climate risks on portfolio. What that means is defining emissions coming out of portfolios ...

COP28: Australia signs Glasgow statement to end public finance for fossil fuels

ROSE MARY PETRASS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
... "In recent years, Australia has funnelled up to one-fifth of our international aid annually to multilateral development banks like the World Bank, which are still funding fossil fuel projects. Precious aid dollars should lift people in low-income countries ...

COP28: Climate finance, carbon markets take centre stage

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... time in a COP, with a focus on water scarcity and access. The UAE contributed of US$150 million. Multilateral Development Banks committed to doubling their climate portfolio for water within three years. Over 150 businesses and investors adopted the ...

Investing during a disorderly transition: Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
... risks and opportunities. But knowing which scenarios to choose can be a challenge - for example, the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has published new climate scenarios including predictions that a net ...

Treasury spruiks CEFC role in sustainable finance strategy

RACHEL ALEMBAKIS  |  MONDAY, 13 NOV 2023  |  NEWS
... was allocated $1 billion in the 2023-24 Budget to provide discounted consumer finance across the housing sector along with banks and other financial institutions. "The new Household Energy Upgrades Fund will support investment in energy efficiency upgrades ...

NGFS introduces "too-little-too-late" climate scenario

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has published new climate scenarios including predictions that a net zero transition could be "too-little-too-late," disorderly and delayed. The group, consisting ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
... management framework," Jessica Holgersson, senior associate at Equity Generation Lawyers told FS Sustainability. "However, all banks should be considering how these two material risks are being managed." A legal opinion published in October this year ...

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... will become the next area of focus for APRA's climate vulnerability assessment process. Last year, the five largest banks in Australia were assessed by APRA on the estimated future impact of climate change on the banking sector and how the banks ...

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... risks - geopolitics, operational risk such as AI, cyber-risk and the use of cloud based technology and other services that banks and financial institutions and raise concerns about governance, risk management, platform concentration risk and responsiveness ...