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Showing 1 - 10 of 41 results for "material risks"

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN  |  MONDAY, 29 APR 2024  |  NEWS
... Group 3 firms to such costs when the government has already indicated it expects that 95% of them will have no material risks or opportunities?" Ghandar said CA ANZ members feel the government had "got it wrong" and are calling for the bill to be amended. ...

Top 10 most-read articles of 2023

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... nature risk failure November: An ANZ shareholder took the bank to court over allegations it failed to manage the material risks of climate change and biodiversity loss. #2: Government to fund sustainable finance taxonomy development April: Treasurer ...

Nature-related risk a potential risk to directors

RACHEL ALEMBAKIS  |  THURSDAY, 16 NOV 2023  |  NEWS
... says. The opinion comes as a shareholder in ANZ has sued the bank over allegations that it has failed to manage the material risks of climate change and biodiversity loss. Catherine Rossiter is a long-term shareholder of the Australia and New Zealand ...

ANZ in court over climate and nature risk failure

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
An ANZ shareholder is taking the bank to court over allegations that it has failed to manage the material risks of climate change and biodiversity loss. Catherine Rossiter is a long-term shareholder of the Australia and New Zealand Banking Group. Rossiter ...

Climate: debt rise, credit falls for 59 nations as early as 2030

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
... financial decision makers lacked the necessary credible, digestible information on how climate change translates into material risks. The paper Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness was published ...

Climate disclosure lawsuit against Commonwealth settled

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... the applicant's claim, including the allegations that: physical and transition risks from climate change are material risks for bondholders; transition risks will be exacerbated the longer Australia takes to commit to a net zero emissions target ...

No role for monetary policy to address climate change

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
... available and ultimately the costs of such choices accrue to the government's balance sheet. "...[T]here would be material risks to price stability if the central bank were to use its balance sheet to implement stimulus for climate action. For central ...

Australian sustainable finance taxonomy to feature traffic-light system

RACHEL ALEMBAKIS  |  THURSDAY, 30 MAR 2023  |  NEWS
... "The difference between accounting standards and taxonomies is that sustainability reporting standards look at the material risks of climate or other sustainability factors on the financial value of a business or institution," Graham said. "What a taxonomy ...

ASFI outlines roadmap for sustainable finance taxonomy

RACHEL ALEMBAKIS  |  THURSDAY, 15 DEC 2022  |  NEWS
... "The difference between accounting standards and taxonomies is that sustainability reporting standards look at the material risks of climate or other sustainability factors on the financial value of a business or institution," said ASFI CEO Kristy Graham. ...

Vanguard quits net zero investor initiative

RACHEL ALEMBAKIS  |  THURSDAY, 8 DEC 2022  |  NEWS
... (NZAM), saying they wished to provide clarity to investors regarding the role of index funds and how they think about material risks like climate change. Vanguard - which has more than $11 trillion in assets under management globally - joined NZAM in ...
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