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Showing 31 - 40 of 158 results for "Climate risk"

Super funds taking on the climate crisis

ANDREW MCKEAN  |  WEDNESDAY, 30 AUG 2023
As stewards of future prosperity, superannuation funds are obligated to mitigate extreme climate impacts through rapid decarbonisation and drawdown permissions; a failure to act would squander a golden opportunity to spearhead the transition to a low ...

How to warm up for a 50-degree day

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023
... degrees and analyse the impacts on investments and communities. The impact of a 50-degree day was the subject of a climate risk simulation exercise at the AIST Superannuation Investment Conference 2023 Facilitated by University of Technology Sydney Institute ...

RBA considers impact of climate on monetary policy

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023
The Reserve Bank of Australia is assessing how the economic effects of climate change may affect monetary policy, including the merits of flexible inflation targeting. Speaking at the Sir Leslie Melville Lecture in Canberra, future governor Michele ...

APRA toughens stress testing frequency, valuation stance

KARREN VERGARA, RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2023
... that the appropriate resources are available to identify and respond to material ESG factors". They must also assess climate risk exposures. Further, APRA said that it expects super funds to consider "how it uses its influence or investment market presence ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
Treasury has released an updated statement of expectations for APRA which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider ...

ASIC chair calls out greenhushing

RACHEL ALEMBAKIS  |  TUESDAY, 6 JUN 2023
... structures as relates to ESG and sustainability, given domestic and international momentum for increased disclosure in climate risk and future signals into similar disclosure of nature and biodiversity. He advised that companies need to think about how ...

Australian investors pivot portfolios

CASSANDRA BALDINI  |  THURSDAY, 23 MAR 2023
... infrastructure to help protect portfolios from inflation among other critical needs, such as increasing yield and mitigating climate risk," explained Perry. "Infrastructure's ability to play multiple roles is a key driver of increased allocations." Finally ...

Spotlight shines brighter on climate reporting: Expert

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... from their websites," she said. Last December federal treasurer Jim Chalmers opened a consultation on developing a climate risk disclosure framework for Australia. "This internationally-aligned framework will provide business and investors with the clarity ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
The court case against Mercer Superannuation for allegations of greenwashing is "just one of the investigations on foot", ASIC chair Joe Longo said. "We will do what we need to do to make sure entities are not misleading the market" on greenwashing ...

Inflation remains high priority in 2023: Treasurer

CASSANDRA BALDINI  |  MONDAY, 6 FEB 2023
... institutions," he added. "You can see that in our work on the National Reconstruction Fund, on the RBA and the PC, and on climate risk disclosure and sustainable finance." Chalmers said the approach will help build a stronger, more resilient, and more ...