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Showing 1 - 10 of 119 results for "Financial System"

'Surreal', 'difficult' times for sustainable investors: RIAA

KARREN VERGARA  |  THURSDAY, 29 MAY 2025  |  NEWS
... plain vanilla reports [for example] on what shareholder proposals are and why they are extremely important to the financial system," Lettini said. There is also a "real, unfortunate" threat to clean and renewable energy. "If the current budget passes ...

Greenwashing remains an enforcement priority, says ASIC

MICHELLE BALTAZAR  |  THURSDAY, 29 MAY 2025  |  NEWS
The country's financial services regulator unveils its three-pronged approach as sustainability reporting becomes a mandatory requirement for small to large Australian businesses - but it was its passing update on greenwashing as an enforcement ...

Developing climate risks facing institutional investors

ELIZA BAVIN  |  THURSDAY, 17 APR 2025  |  NEWS
... physical risk because of rising temperatures and emissions is the most serious threat to asset performance and the financial system. "Following the warmest year on record, the Paris Climate agreement target of limiting global temperature rises to 1.5°C ...

Australian Ethical sees path through anti-ESG push

ROSE MARY PETRASS  |  TUESDAY, 25 FEB 2025  |  NEWS
... position to positively influence on systemic issues - these are issues that can impact the stability of the broader financial system. "But we think that concern about the returns from ethical investing may not be something to worry about. And, when there ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  THURSDAY, 23 JAN 2025  |  NEWS
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make. The 47 billionaires based in Australia saw their wealth rise by more than 8% or $28 billion last year, the ...

More work needed on climate risk response

ROSE MARY PETRASS  |  THURSDAY, 14 NOV 2024  |  NEWS
... Suzanne Smith said climate change and the vulnerabilities it exacerbates "contributes to increased risk in the financial system, that can reduce financial institutions' ability to effectively provide key financial services." "Stakeholder expectations ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024  |  NEWS
... the highest yet for greenwashing conduct. Greenwashing is a serious threat to the integrity of the Australian financial system and remains an enforcement priority for ASIC," she said. "The size of the penalty should send a strong deterrent message to ...

Investors worth $42trn target state leaders at COP29

ROSE MARY PETRASS  |  WEDNESDAY, 18 SEP 2024  |  NEWS
... Determined Contributions (NDCs) due to be submitted in 2025, Mandating climate-related disclosures across the financial system Implementation of sectoral strategies, especially in high-emitting sectors, Addressing nature, water and biodiversity-related ...

Systems thinking to drive alpha, tackle systemic threats

ROSE MARY PETRASS  |  FRIDAY, 2 AUG 2024  |  NEWS
... challenges (48%) like inequality, polarisation, and social cohesion erosion. Investors are also worried about financial system robustness, biodiversity loss, cyber-attacks, and AI. "There is a rocky road ahead for asset owners. All investors should prepare ...

Banks to refund millions following ASIC review

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... all Australians, including those on low-incomes or located in regional or remote areas, are critical for our financial system. "Banks need to ensure they have systems and processes in place so customers on low incomes can easily transition to low-fee ...
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