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Showing 61 - 70 of 204 results for "financial risk"

Push for greater ESG alignment in C-Suite pay

RACHEL ALEMBAKIS  |  THURSDAY, 2 MAR 2023  |  NEWS
... trigger action across the wider ASX listed sector. "There is a much tighter focus on aligning remuneration with non-financial risk, and a big part of the prudential standard is that incentive arrangements need to have a material weight on non-financial ...

Australia to introduce mandatory climate reporting

RACHEL ALEMBAKIS  |  TUESDAY, 13 DEC 2022  |  NEWS
... interoperable reporting" of climate for Australian companies is "vital." "The investment community sees climate change as a financial risk to their investment portfolios, and a risk to the savings of millions of Australians," said FSC acting CEO Spiro ...

Vanguard quits net zero investor initiative

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
... response to it as having "far reaching consequences" for companies, markets and investors, and presents a material financial risk. "After a considerable period of review, we have decided to withdraw from NZAM so that we can provide the clarity our investors ...

APRA publishes results of banking climate vulnerability assessment

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) has published the findings of its first Climate Vulnerability Assessment (CVA) of Australia's five largest banks and signaled that the insurance industry is likely to be the next regulated sector ...

Majority of investors collaborate on engagement, but disclosure lags: RIAA

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
Most sustainable investors in Australia and Aotaeroa New Zealand collaborate with other investors to achieve better ESG outcomes, according to research from the Responsible Investment Association Australasia (RIAA). Engage, Advocate, Collaborate: Unpacking ...

Regulatory roundup on key sustainability developments

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
A range of ESG-related regulatory actions have come up for discussion in the last week, including a commitment by the assistant treasurer to establish national standards for a green taxonomy, APRA flagging that their climate vulnerability assessment ...

APRA flags extension of climate vulnerability asssessment to super, insurance

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
The climate vulnerability assessment (CVA) that APRA conducted with Australia's five largest banks is likely to be expanded to other industries overseen by the prudential regulator, including super funds and insurers, according to deputy chair Helen ...

Investors call for 75% emissions reduction by 2035

RACHEL ALEMBAKIS  |  THURSDAY, 29 SEP 2022  |  NEWS
... change," said HESTA Super Fund chief investment officer Sonya Sawtell-Rickson. "Climate change represents a systemic financial risk in our portfolio, and we believe investors have an important role to play to support the transition to reduce this risk. ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
APRA chair Wayne Byres flagged that the results of the climate vulnerability assessment (CVA) of the country's five largest banks are expected to be released "in a month or two." Byres highlighted that climate change is a disruptive risk in a speech ...

RBA warns of climate-related liability risk for business

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
The Reserve Bank of Australia has identified liability risk as one of the climate risks that businesses that do not sufficiently respond to climate change will face. RBA head of domestic markets Jonathan Kearns spoke at the Credit Law Conference this ...