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RBA: Increasing chances of divestment as regulators discuss Australian transition taxonomy
14 October 2021The chances of global investors divesting from companies based in Australia with high greenhouse gas emissions are increasing, the Reserve Bank of Australia (RBA) has said, as regulators discuss the prospect of an Australia-focused 'transition taxonomy'.
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Australia launches HLEG-style sustainable finance initiative
27 March 2019A group of leaders and senior executives at Australia’s major banks, superannuation funds and insurance companies has been assembled to devise a sustainable finance ‘roadmap’.
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RBA calls for climate scenario analysis in economic modelling
12 March 2019The Reserve Bank of Australia (RBA) has warned that climate change affects both monetary policy and financial stability, and called for economic models to incorporate the scenario analysis, as used in climate models.