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More reasons for optimism on climate change than we ve seen for decades: 2 climate experts explain
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Scott Morrison s long walk to net zero
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David Littleproud (Image: AAP/Mick Tsikas)
In another sign of how the real world is rapidly undermining the fantasies of the climate denialists in the Morrison government, the government s own prudential regulator has directed financial institutions to elevate their recognition of climate change risks given the threats irreversible and unprecedented nature.
The Australian Prudential Regulation Authority (APRA) yesterday released a draft guidance on managing climate change risks for banks, insurers and superannuation funds on the basis that the financial risks associated with climate change have a number of elements that distinguish them from other financial risks, and necessitate a strategic approach . These include the the potential for irreversible changes , the far-reaching impact that climate risks pose and the unprecedented nature of climate change .
Date Time
APRA publishes FAQs on Superannuation Data Transformation Phase 1 reporting standards
The Australian Prudential Regulation Authority (APRA) has published a set of frequently asked questions (FAQs) for registrable superannuation entity (RSE) licensees about the Reporting Standards for Phase 1 of the Superannuation Data Transformation. The FAQs clarify issues raised by RSE licensees relevant to meeting reporting obligations.
APRA intends to release FAQs on a regular schedule in the lead up to the first submission of data under the Reporting Standards on 30 September 2021. Reporting entities and subscribers of updates to the FAQs will be informed by APRA as these occur.
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