APRA has doubled down on its climate warnings, urging the business community to take stock of the unprecented risks David Adams Matt Blyth/Getty Images
Australia s business community faces enormous risks if it remains ignorant to the impacts of climate change, APRA says.
The prudential regulator doubled down on its warnings on Wednesday as chair Wayne Byres addressed the Committee for the Economic Development of Australia.
Byres championed APRA s new pilot climate vulnerability assessment, which will help Australia s big banks assess their exposure.
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Australia s prudential regulator has doubled down on its climate change warnings, telling business leaders that unpreparedness is the greatest risk the environmental crisis poses to future investments.
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