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Showing 1 - 10 of 14 results for "Climate Vulnerability Assessment"

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... also noted that the household insurance sector will become the next area of focus for APRA's climate vulnerability assessment process. Last year, the five largest banks in Australia were assessed by APRA on the estimated future impact of climate ...

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... investment funds, followed by insurers, and then banks." Jones noted that APRA has conducted a climate vulnerability assessment into the possible impactse of psyical and transition risk on major Australian banks and said the preliminary analysis showed ...

APRA publishes results of banking climate vulnerability assessment

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
... The Australian Prudential Regulation Authority (APRA) has published the findings of its first Climate Vulnerability Assessment (CVA) of Australia's five largest banks and signaled that the insurance industry is likely to be the next regulated sector ...

Regulatory roundup on key sustainability developments

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
... assistant treasurer to establish national standards for a green taxonomy, APRA flagging that their climate vulnerability assessment is likely to extend to super funds and insurance companies, and ASIC saying investigations into greenwashing continue. ...

APRA flags extension of climate vulnerability asssessment to super, insurance

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
The climate vulnerability assessment (CVA) that APRA conducted with Australia's five largest banks is likely to be expanded to other industries overseen by the prudential regulator, including super funds and insurers, according to deputy chair Helen ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
APRA chair Wayne Byres flagged that the results of the climate vulnerability assessment (CVA) of the country's five largest banks are expected to be released "in a month or two." Byres highlighted that climate change is a disruptive risk in a speech ...

RBA warns of climate-related liability risk for business

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
... three priority areas for the participants - APRA, ASIC, the RBA and Treasury - to focus on - the Climate Vulnerability Assessment (CVA) conducted by APRA on banks, increased disclosures and taxonomies and sustainable finance. "Having a taxonomy that ...

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
... leadership role in responding to climate change," Rennie said. APRA began a bottom-up supervisory climate vulnerability assessment (CVA) exercise in 2021, with the cooperation of the five largest Australian banks. APRA said it plans to publish the results ...

APRA releases guidance on climate change risk

RACHEL ALEMBAKIS  |  THURSDAY, 2 DEC 2021  |  NEWS
... addition, APRA "continues to advance its climate-related program of activities, including the climate vulnerability assessment that is underway with Australia's five largest banks."
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