Australian regulator reveals prospect of bank losses from climate change
Australia's largest banks should be prepared to face 'financial challenges' resulting from losses caused by the effects of climate change, a vulnerability assessment by the regulator has found.
Airport raises biodiversity sustainability-linked loan
Westpac announces emissions reduction targets
BTNZ commits $143m to new climate-themed index
BT Funds Management (BTNZ) has committed NZD200 million ($143 million) () to a 'Paris-aligned' equity index managed by Legal & General Investment Management (LGIM).
Australia climate stress tests its five largest banks
The Australian Prudential Regulation Authority (APRA) has published details of an assessment of the country's five largest banks of their vulnerability to physical and transition climate risks.
Science Based Targets initiative launches financial sector framework
Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.
UN's Principles for Responsible Banking tightens signatory scrutiny
Signatories of the UN Principles for Responsible Banking (PRB) have voted to establish a governance body to ensure effective implementation of the commitments, which could ultimately lead to laggards being thrown out.
Australian pension fund to exit coal amid climate announcements
Australian pension fund First State Super has outlined a number of climate change actions and targets, including exiting thermal coal, as it urged other Australian pension funds to do the same.