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Showing 1 - 10 of 76 results for "Prudential"

Australia climbs quickly on climate policy development

ROSE MARY PETRASS  |  MONDAY, 5 FEB 2024  |  NEWS
... finance taxonomy, committed to women's economic empowerment in the climate transition, and mandated that the Australian Prudential Regulation Authority (APRA) must consider climate risk in duties. 2024 is set to be a year of multiple significant regulatory ...

Top 10 most-read articles of 2023

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... and recruitment specialist Talent Nation. #4: APRA strengthens super fund ESG responsibilities July: The Australian Prudential Regulation Authority (APRA) clarified that they expect super funds to demonstrate an understanding of ESG risks and opportunities ...

NGFS introduces "too-little-too-late" climate scenario

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
... could be "too-little-too-late," disorderly and delayed. The group, consisting of 127 members including the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia, aims to support the transition toward a sustainable economy. ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... legal redress on these critical financial disclosures is an affront to the rule of law and may lead to significant prudential and market integrity issues." FS Sustainability reached out to Treasury for clarification on how such a proposal function if ...

BlackRock, SGX, and MSCI launch US$426M Singapore climate action ETF

ROSE MARY PETRASS  |  TUESDAY, 19 SEP 2023  |  NEWS
... with the climate action objectives of investors. The ETF is managed by BlackRock, and has received anchor support from Prudential, one of the largest asset owners in Asia and a member of the Net Zero Asset Owners Alliance. The ETF tracks the MSCI AC ...

APRA strengthens super fund ESG responsibilities

RACHEL ALEMBAKIS  |  THURSDAY, 20 JUL 2023  |  NEWS
The Australian Prudential Regulation Authority (APRA) has clarified that they expect super funds to demonstrate an understanding of ESG risks and opportunities in investment activities and demonstrate how stewardship activities generate value in investments. ...

Treasury mandates APRA must consider climate risk in duties

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023  |  NEWS
Treasury has released an updated statement of expectations for the 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 ...

Outgoing APRA deputy governor calls for greater board diversity

RACHEL ALEMBAKIS  |  THURSDAY, 18 MAY 2023  |  NEWS
... also considering how we can strengthen this aspect of governance and risk management as part of upcoming reviews of Prudential Standards CPS 510 Governance and CPS 220 Risk Management." "There is a range of reasons why some boards do better than others ...

Push for greater ESG alignment in C-Suite pay

RACHEL ALEMBAKIS  |  THURSDAY, 2 MAR 2023  |  NEWS
... expects the low number of ASX100 companies with LTI links to ESG metrics will rise over the next 12-24 months as APRA's Prudential Standard CPS 511 takes effect. CPS 511 states that all APRA regulated entities - such as the Big Four banks - "must maintain ...

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 ...
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