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AI trumps climate as chief risk factor: economists

ROSE MARY PETRASS  |  WEDNESDAY, 21 FEB 2024  |  NEWS
Work on climate continues quietly in the background, while AI, geopolitical risk and the stickiness of inflation take centre stage. That's the takeaway from the Financial Standard annual Chief Economists Forum this week where Nicki Hutley, independent ...

Australia joins COP28 gender and just transition partnership

RACHEL ALEMBAKIS  |  TUESDAY, 5 DEC 2023  |  NEWS
Australia is among more than 60 countries to endorse the COP28 Gender-Responsive Just Transitions and Climate Action Partnership, which will focus on supporting women's economic empowerment during the transition to a low climate global economy. ...

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... that represent a small proportion of banks' overall assets. "Nevertheless, these early results need to be treated with caution as our understanding of climate-related risks to the financial system is still developing; losses could be larger and occur ...

How to achieve low carbon intensity in your equity portfolio

ROSE MARY PETRASS  |  THURSDAY, 14 SEP 2023  |  NEWS
... salt". Forward-looking data, she said, can be all assumptions and may inadvertently lead down the path of greenwashing. "We caution against aggressive targets because then you really have to rely on the data" to meet those targets. Unintended strategy ...

Investment opportunities in a changing global food system

ROSE MARY PETRASS  |  THURSDAY, 25 MAY 2023  |  NEWS
Rising affluence and changing preferences are reshaping food demand, and investors should reconsider the potential risks and rewards in the global food system's shifting landscape, according to a recent report from PGIM. The report, Food for Thought ...

Global food systems at risk: Barclays

RACHEL ALEMBAKIS  |  THURSDAY, 26 JAN 2023  |  NEWS
... to focus on the basics and be cautious. "When looking at new tech, for example, investors need to add an extra layer of caution on what impact do they have, rather than headline stats," she said. "They need to ask how is it really generating impact and ...

bfinance sounds alarm on "overly simplistic" carbon targets

RACHEL ALEMBAKIS  |  THURSDAY, 29 SEP 2022  |  NEWS
Investors face potentially serious pitfalls if they apply "overly simplistic" carbon-reducing targets in equity portfolios, according to bfinance. The independent investment consultant identified a restricted manager universe, sub-optimal or unintended ...

COP26 week one: what Australians need to know

RACHEL ALEMBAKIS  |  THURSDAY, 4 NOV 2021  |  NEWS
... commodities such as palm oil, cocoa and soy, does not contribute to deforestation. New Forests CEO David Brand expressed caution on the pledge, noting that currently, 15 million hectares of natural forest is cleared every year, meaning that countries ...

New Forests to partner on African forestry strategy

RACHEL ALEMBAKIS  |  THURSDAY, 4 NOV 2021  |  NEWS
... globally important commodities such as palm oil, cocoa and soy, does not contribute to deforestation. Brand expressed caution on the pledge, noting that currently, 15 million hectares of natural forest is cleared every year, meaning that countries are ...

More companies reporting on SDGs, but climate clarity needed

RACHEL ALEMBAKIS  |  THURSDAY, 19 AUG 2021  |  NEWS
Australia's largest companies are increasing their reporting on the Sustainable Development Goals by Australia's top 150 companies, but disclosure on climate action lack clarity, according to new research from RMIT University. The research study from ...
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