EnvironmentAustralian regulator issues long-awaited climate risk guidance
Paulina Duran
2 minutes read
Australia s prudential regulator on Thursday unveiled long-awaited guidance for banks, insurers and pension funds around managing and disclosing climate-related risks, including physical, transition and liability exposures.
Issuing a draft version for consultation, the Australian Prudential Regulation Authority (APRA) said the guidance paper aimed to give greater clarity of its expectations but it did not create new requirements or obligations.
The guide was developed in consultation with peer regulators globally and is aligned with the recommendations from the global Task Force on Climate-related Financial Disclosure (TCFD), set up by the G20 rich countries to coordinate rules.
On 24 March 2021, the UK government’s Department for Business, Energy & Industrial Strategy (“
BEIS”) launched a consultation seeking views on its proposals to mandate climate-related financial disclosures by publicly quoted companies and large private companies, banks and insurance companies, and limited liability partnerships (the “
Consultation”). The Consultation runs to 5 May 2021 and seeks input on requiring large UK companies to make disclosures in line with the Financial Stability Board’s Task Force for Climate-Related Financial Disclosures (the “
TCFD”). Responses to the consultation may be made by email to climatedisclosure@beis.gov.uk or online here.
The Consultation
The proposal subject to the Consultation is to require certain publicly quoted and large UK companies and limited liability partnerships (“
Strong execution in Wireless, Cable, and Media deliver solid operational improvements despite continued pandemic lockdown environment
Expanded Wireless adjusted EBITDA service margin by 310 basis points; strong Wireless postpaid net subscriber additions of 44,000
Monthly postpaid churn of 0.88%, improved 5 basis points
Service revenue down 6% and adjusted EBITDA down 1%
Increased Cable service revenue by 5%; grew adjusted EBITDA by 8%
Adjusted EBITDA margin up 110 basis points; capital intensity at 21%
Grew Media revenue by 7%, adjusted EBITDA improved by 31%, reflecting the return of live professional sports broadcasting
Continued expanding wireless service to more rural and underserved communities and providing 5G services to 173 communities across the country
TORONTO, April 21, 2021 (GLOBE NEWSWIRE) Rogers Communications Inc. today announced its unaudited financial and operating results for the first quarter ended March 31, 2021.
State Street partners with S&P to bolster ESG data and analytics offering
Custodian follows month of prioritising ESG capabilities with deal to integrate S&P Global Trucost’s data and analytics capabilities.
April 20, 2021 9:56 AM GMT
State Street has entered into a strategic engagement with S&P Global Trucost to leverage its climate data and analytics, as part of the custodian’s own environmental, social and governance (ESG) capabilities.
As a result of the agreement, State Street will offer its clients the opportunity to access Trucost environmental data through the reporting and analytics capabilities of its own platforms.
The functionality will allow its custody clients to access carbon footprint and other environmental data mapped to their portfolios, as well as Taskforce on Climate-related Financial Disclosure (TCFD) reporting features, applying Trucost’s Carbon Earnings at Risk, Paris Alignment, and Physical Risk data intelligence.
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