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Showing 81 - 90 of 241 results for "financial risk"

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
Treasury's proposed three-year moratorium on private litigation related to Scope 3 reporting as part of its proposed mandatory climate-related financial disclosure package has raised fears that it would give companies the green light to greenwash. ...

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
The government has announced plans to create a labelling regime for sustainable investment products, including managed funds and super fund options as well as plans to have an unnamed government body maintain a forthcoming sustainable finance taxonomy ...

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

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Approximately $260 billion of all outstanding Australian bank loans, or 22% of bank lending, are highly exposed to nature-related risk. Ernst & Young Australia and the Australian Conservation Foundation released a report finding that banks that are ...

Investors prepare for urgent action on nature

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... said. "Drive meaning on the ground, keep things localised and ensure that connection remains." Systems risk and financial risk According to UN Secretary-General António Guterres, "Ecosystem collapse could cost almost $3 trillion annually by 2030." This ...

HESTA releases 2023 AGM hit list

ROSE MARY PETRASS  |  MONDAY, 25 SEP 2023  |  NEWS
Climate change, gender equality, decent work, and natural capital and biodiversity loss are priorities for one major Australian superfund when it comes to the 2023 ASX300 AGM season. HESTA, which has approximately $76 billion in assets under management ...

Corporates to begin adopting final TNFD recommendations

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  TUESDAY, 19 SEP 2023  |  NEWS
... that with nature degradation increasing six of the nine planetary boundaries already breached, "nature risk is financial risk". "To date, businesses have mostly considered nature to be an unlimited and free provider of critical inputs into their operations ...

Investors call for leadership diversity at ASX300 listed companies

ROSE MARY PETRASS  |  MONDAY, 4 SEP 2023  |  NEWS
... under multiple metrics. "Corporate cultures that are not inclusive and do not encourage diversity represent a clear financial risk to investors - this can negatively impact a company's reputation, its productivity, and ability to attract and retain talent," ...

Successful merger for social and inequality reporting framework

ROSE MARY PETRASS  |  FRIDAY, 1 SEP 2023  |  NEWS
Two initiatives focusing on inequality-related and social-related financial disclosures have successfully consolidated into a single taskforce to address related risks in reporting. The initiatives - the Taskforce on Inequality-related Financial Disclosures ...

Finance "misunderstanding" risk of nature loss

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
... unique natural environment and are based on a lack of awareness of our unique environment. This poses a significant financial risk for investors as nature and biodiversity are critical foundations of the global economy. Biological diversity, or biodiversity ...

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 ...