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Showing 71 - 80 of 464 results for "Climate risk"

Queensland to boost clean economy

ROSE MARY PETRASS  |  THURSDAY, 15 FEB 2024  |  NEWS
The Sunshine State has introduced a new law to reduce greenhouse gas emissions, roll-out renewable energy and cut pollution. Premier Steven Miles introduced the Clean Economy Jobs Bill 2024 with a target of 75% below 2005 levels by 2035. The state's ...

Climate-committed investor group grows to $35tr AUM

ROSE MARY PETRASS  |  THURSDAY, 15 FEB 2024  |  NEWS
... set to enforce climate-related disclosures during 2024. The group also contributed to shaping Australia's National Climate Risk Assessment, focusing on the financial implications of physical risks, systemic risk mapping and building a climate-resilient ...

ESG skills in hot demand in risk, compliance hiring

RACHEL ALEMBAKIS  |  MONDAY, 12 FEB 2024  |  NEWS
... appropriate resources are available to identify and respond to material ESG factors," and specified assessment of climate risk exposures as part of that. The APRA guidance also states that super funds can incorporate environmental and social impact-related ...

Investors push for nature in climate plans

ROSE MARY PETRASS  |  TUESDAY, 6 FEB 2024  |  NEWS
... prominent as a theme that investors raise with their investee companies - investors understand the links between climate risk and nature risk and are keen to see companies planning for a transition to a nature-positive economy, alongside a net zero economy," ...

Australia climbs quickly on climate policy development

ROSE MARY PETRASS  |  MONDAY, 5 FEB 2024  |  NEWS
... in the climate transition, and mandated that the Australian Prudential Regulation Authority (APRA) must consider climate risk in duties. 2024 is set to be a year of multiple significant regulatory changes across the globe. This is likely to see a ramp ...

BlackRock admits stakeholder pressure on ESG a risk

ROSE MARY PETRASS  |  THURSDAY, 18 JAN 2024  |  NEWS
... Virginia have pulled state money out of the firm in an anti-ESG backlash. In his March 2023 letter, Fink identified climate risk and the energy transition as a risk to portfolios and made it clear that providing investors with information about investor ...

Investors "flying blind" to climate litigation risk

ROSE MARY PETRASS  |  MONDAY, 15 JAN 2024  |  NEWS
... account how legal action alters or increases exposure to physical and transition risk, and results in additional climate risk exposures. They call for an overhaul in how legal risks are assessed and provides a framework for doing so. Organisations that ...

Treasury publishes climate disclosure legislation

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
... management will have to report on the financial impacts of climate change from 1 July 2026, according to mandatory climate risk reporting legislation proposed by government. Treasury released the exposure draft of legislation that would make financial ...

Paris overshoot: are investors prepared?

ROSE MARY PETRASS  |  FRIDAY, 12 JAN 2024  |  NEWS
In the face of projections that 2024 is set to surpass the 1.5°C Paris Agreement threshold, experts are concerned that investors are unprepared for the escalating risks associated with climate change. Investors navigate these risks by employing models ...

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
Current financial regulations and central banking activities have an outsized focus on climate, and neglect broader impacts such as biodiversity loss and its effects on communities who rely on nature for their livelihoods. While progress has been made ...