Morningstar Australia: The Bank of England will be the first central bank in the world to stress test its financial system against different climate pathways, while Australia’s financial regulator has no immediate plans to introduce stress-testing despite the mounting effects of climate change.
AB+F: Climate campaigners from the financial services industry and the big four banks are ramping up government lobbying. Members of the Australian Finance Initiative (ASFI) are putting the finishing touches to a lecture to be delivered in Canberra later this month. The organisation formed by 130 senior executives from major banks, super funds, insurance companies, academics and regulators is planning to launch a policy roadmap next year.
Financial Standard: Some of Australia's best-known and listed fund management companies are falling behind their ASX 200 counterparts in disclosing ESG factors about their companies.