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Showing 81 - 90 of 374 results for "banks"

Finance "misunderstanding" risk of nature loss

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
... "world-record leading rate of environmental decline" and investors are not prepared for oncoming requirements. Alexandra Banks, partner in climate change and sustainability services at EY Oceania, said the report guides institutions on understanding ...

How investors manage risk in a new AI world

ROSE MARY PETRASS  |  THURSDAY, 17 AUG 2023  |  NEWS
... "Companies that are particularly exposed to AI risk are those with large amounts of data," Pringle said. This includes regional banks, mid-tier finance entities, and the healthcare sector. On the other hand, the tech and service industries see countless ...

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
Financial institutions, central banks, regulators and governments underestimate the economic damages of climate change because they don't consider climate tipping points. Methodologies that guide the finance world should be corrected as a matter ...

New net zero bondholder stewardship guidance: IIGCC

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
... bondholders are unable to exercise voting rights in the way that an equity holder can. This includes with issuers, investors, banks, rating agencies, and regulators such as with banks or credit rating agencies. Bondholders do not possess the same rights ...

Global development banks release joint principles towards Paris alignment

ROSE MARY PETRASS  |  THURSDAY, 22 JUN 2023  |  NEWS
Ten multilateral development banks (MDBs) have identified the financing activities most closely aligned with achieving the intent of the Paris Agreement while also defining financing coal- and peat-related activities as not aligned. The MDBs involved ...

IIGCC, TPI Centre launch Bank Net Zero Standard

ROSE MARY PETRASS  |  TUESDAY, 13 JUN 2023  |  NEWS
... The Institutional Investors Group on Climate Change (IIGCC) and other stakeholders has launched a Net Zero Standard for Banks alongside a Banking Assessment Framework setting out investor expectations on the transition to net zero. Over 25 investors ...

Climate change most pressing issue for APAC C-Suite: Deloitte

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
... pressure to a large or moderate extent, with regulators, consumers, shareholders, employees, civil society, competitors and banks all adding influence. "Many CxOs struggle still to articulate the link between climate change/climate action and the value ...

Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
... Australian Prudential Regulation Authority (APRA) which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider risks related to climate ...

First Sentier Investors to focus on armed conflict

RACHEL ALEMBAKIS  |  THURSDAY, 4 MAY 2023  |  NEWS
... There are general sectors that are more impacted by the conflicts Turner identified - agriculture, weapons, automobiles, and banks, but the exposures in some cases were so diffuse that taking a broad sectoral approach didn't provide enough clarity. ...

140 years to gender parity in finance: OMFIF

ROSE MARY PETRASS  |  WEDNESDAY, 26 APR 2023  |  NEWS
It will take more than a century for central banks and other financial institutions to reach gender balance in leadership, according to the Gender Balance Index 2023. The index, released by the Official Monetary and Financial Institutions Forum (OMFIF) ...