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Showing 71 - 80 of 204 results for "financial risk"

APRA releases climate risk assessment results

RACHEL ALEMBAKIS  |  THURSDAY, 4 AUG 2022  |  NEWS
Almost 40% of banks, insurers and superannuation funds say climate-related events could have a "material or moderate impact on their direct operations," according to the Australian Prudential Regulation Authority (APRA). APRA has published the findings ...

New Zealand XRB releases final climate reporting paper

RACHEL ALEMBAKIS  |  THURSDAY, 28 JUL 2022  |  NEWS
New Zealand's External Reporting Board (XRB) has released a final consultation paper on the mandatory Climate-related Disclosure standards that will come into force next year. The New Zealand government last year passed legislation that made climate-related ...

Risk management includes expanded ESG list: Governance Institute

RACHEL ALEMBAKIS  |  WEDNESDAY, 13 JUL 2022  |  NEWS
... change is that the universe of risk, as in real risk, has expanded," Vamos said. "The whole growth in area of non-financial risk, not risk to just my finances, but also the non-financial risk to my reputation, the risks that could remove my social license ...

BNPP AM releases "biodiversity footprint" for investments

RACHEL ALEMBAKIS  |  THURSDAY, 7 JUL 2022  |  NEWS
BNP Paribas Asset Management (BNPP AM) has analysed its equities and fixed income investments to determine its biodiversity footprint - the potential negative impact their portfolio has on nature. A year after announcing a biodiversity roadmap, BNP ...

CBA sees push to greater quantity, quality of climate risk reporting

RACHEL ALEMBAKIS  |  THURSDAY, 12 MAY 2022  |  NEWS
... stakeholders including banks and investors. "Investors and businesses increasingly perceive environmental risk as financial risk," said CBA senior associate currency strategy and international economics Carol Kong. "Climate change is having an impact ...

Draft Taskforce on Nature-related Financial Disclosures released

RACHEL ALEMBAKIS  |  THURSDAY, 24 MAR 2022  |  NEWS
... effectively," Leeshaa said. "We tend to think of nature as free - but it's not," she said. "There are significant financial risk implications amongst others if we don't invest in protecting nature. If the world is to meet net zero targets, a ...

US SEC proposes rules for climate disclosure

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 MAR 2022  |  NEWS
US listed companies will be required to report on carbon emissions, climate-related goals and transition plans and climate-related risk assessment under draft rules from the US Securities and Exchange Commission (SEC). As part of the proposed rules ...

APRA to survey all regulated entities on climate vulnerability

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) is sending a voluntary climate vulnerability assessment (CVA) survey to all regulated entities to see how their practices align with APRA guidance on managing financial risks of climate change. While ...

Accountants to play central role in ESG developments: CPA Australia

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JAN 2022  |  NEWS
The speed and scale of sustainability reporting architecture is expected to continue in 2022, and with it demand for accounting professionals with ESG skills, according to CPA Australia. CPA Australia predicts that more entities will set net zero commitments ...

2021 theme in review: biodiversity

RACHEL ALEMBAKIS  |  THURSDAY, 30 DEC 2021  |  NEWS
... Australian Council of Superannuation Investors (ACSI) launched a report stating that biodiversity loss is a material financial risk for Australian companies, one that could wipe out up to $27 billion from the Australian economy annually by 2050. ACSI's ...