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Many superannuation funds will soon be asked to self-assess how their current practices align to the prudential regulator's guidance on managing the financial risks of climate change.
The prudential regulator has outlined its policy and supervision priorities for 2022, saying its prime focus is rectifying sub-standard industry practices and eradicating unacceptable product performance.
The prudential regulator has released its practice guide on climate change financial risks which will assist banks, insurers and superannuation trustees to manage the financial risks of climate change.
The Australian Prudential Regulation Authority (APRA) has released its final prudential practice guide on climate change financial risks, following
Climate change, as a global systemic risk, is impacting our economies, societies, and our physical environment more than ever before. And, the world is increasingly looking towards the instituti