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Showing 1 - 10 of 24 results for "Reserve Bank of Australia"

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

ROSE MARY PETRASS  |  MONDAY, 13 NOV 2023  |  NEWS
... 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. It has released updated long-term macro-financial scenarios ...

RBA sets 2030 net zero target

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
The Reserve Bank of Australia has committed to a 2030 net zero target for all Scope 1 and Scope 2 emissions. Speaking at the Sir Leslie Melville Lecture in Canberra, incoming governor Michele Bullock announced the target and said the central bank is ...

Industy veterans named to sustainable finance taxonomy working group

RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
The former deputy governor of the Reserve Bank of Australia is one of two leaders of the body that will develop an Australian sustainable finance taxonomy. The Australian Sustainable Finance Institute (ASFI) has named former RBA deputy governor Guy ...

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

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
... this important aspect of climate science, and FS Sustainability has independently confirmed that the Reserve Bank of Australia (RBA) does not consider climate tipping points at this time. The report warns that retirement savings are at risk through overreliance ...

140 years to gender parity in finance: OMFIF

ROSE MARY PETRASS  |  WEDNESDAY, 26 APR 2023  |  NEWS
... regional disparities persist, with North America and smaller economies scoring the highest, including the Reserve Bank of Australia (RBA). FS Sustainability contacted the RBA to ascertain the gender balance in its leadership, but the RBA declined to ...

No role for monetary policy to address climate change

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
The Reserve Bank of Australia (RBA) should "take account of climate risks but not use monetary policy to address them," a recommendation made as part of a sweeping overhaul of how the central bank functions. As reported in sister publication Financial ...

Climate change to shape economy long-term: Forum

RACHEL ALEMBAKIS  |  THURSDAY, 16 FEB 2023  |  NEWS
... jobs that I would really not want to have, and top of the list at the moment is the governor of the Reserve Bank of Australia, but second on the list is treasurer of Australia because of those competing pressures." In terms of fiscal priorities, Hutley ...

RBA governor urges implementation of ISSB standards

RACHEL ALEMBAKIS  |  MONDAY, 19 SEP 2022  |  NEWS
... Sustainability Standards Board (ISSB) or else risk falling behind on international investor expectations, Reserve Bank of Australia Governor Philip Lowe has said. In testifying at Parliament at the House of Representatives Standing Committee on Economics ...

RBA warns of climate-related liability risk for business

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
The Reserve Bank of Australia has identified liability risk as one of the climate risks that businesses that do not sufficiently respond to climate change will face. RBA head of domestic markets Jonathan Kearns spoke at the Credit Law Conference this ...

RBA deputy governor to join Fortescue Future Industries

RACHEL ALEMBAKIS  |  THURSDAY, 10 MAR 2022  |  NEWS
The deputy governor of the Reserve Bank of Australia has resigned and will join Fortescue Future Industries. Guy Debelle has announced his resignation, effective Wednesday, 16 March. Debelle will be taking up the position of chief financial officer ...
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