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Showing 81 - 90 of 1283 results for "Climate Change"

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... 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 might respond to anticipated physical and transition risks. The results suggest that ...

Morgan Stanley makes second climate private equity deal

ROSE MARY PETRASS  |  THURSDAY, 2 NOV 2023  |  NEWS
... initiatives. It also enrolled in the Principles for Responsible Investment (PRI) Collaborative Sovereign Engagement on Climate Change pilot program in Australia that same month.

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
Climate change is one of the emerging risks to financial stability "for which there is no historical precedent to guide us," according to a speech by RBA Assistant Governor Brad Jones. In a recent speech addressing the risks Australia is likely to confront ...

Nearly a quarter of Australian bank debt has nature-related risk

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
... landscape for finance, as global commitments consolidate and national regulatory settings tighten," EY Australia climate change and sustainability partner Emma Herd said. "There are also significant opportunities for banks which act now to establish ...

Treasury issues statement on systemic climate risk to government bonds

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
... that climate is a systemic risk for the Australian economy and creates uncertainty about the fiscal impacts of climate change on government bonds. The federal court has approved a settlement between the Commonwealth and Kathleen O'Donnell in a case ...

Investors press Boral for clarity on net zero ambitions

RACHEL ALEMBAKIS  |  THURSDAY, 26 OCT 2023  |  NEWS
... Scope 1 and 2 in line with the Science Based Targets Initiative (SBTi) and United Nations Framework Convention on Climate Change Race to Zero. For its part, Boral says it revised its 2025 target "to reflect what is achievable given regulatory and project ...

PRI to shake up reporting framework for signatories

RACHEL ALEMBAKIS  |  THURSDAY, 26 OCT 2023  |  NEWS
... looks at "specific sustainability issues that investors are prioritising in their practices. Example areas include climate change, human rights, or biodiversity. During the co-design process with signatories, one of these two models (or a combination ...

Investors prepare for urgent action on nature

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... could cost almost $3 trillion annually by 2030." This directly effects economies and super funds. Land use and climate change pose significant risks to natural and financial assets. "All companies have a dependency or a direct impact," Yazbek-Martin ...

Investors lack clarity, rural solutions lack funding

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... Cannon-Brookes will seek to pair socially responsible entities with rural communities that are on the frontlines of climate change. Developed by the Foundation for Rural and Regional Renewal (FRRR), the grant program is funded by Cannon-Brookes' $1.5 ...

Farm to table reporting to increase ag investment certainty

ROSE MARY PETRASS  |  TUESDAY, 24 OCT 2023  |  NEWS
... Toose said the project will bring new opportunities for rural industries. "With many agricultural sectors setting climate change targets for net zero emissions, it is essential to continue the AusLCI legacy of robust and credible sustainability metrics ...