Actuaries Institute Podcast

APRA Climate Risk Survey: Awareness to Action

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Sinopsis

TRANSCRIPThttps://actuaries.logicaldoc.cloud/download-ticket?ticketId=057cd54a-3745-4d99-bcca-df071efa9108DESCRIPTIONIn this installment of the Actuaries Institute podcast series, Sharanjit Paddam (Head of ESG Risk at QBE Insurance) is joined by Geoff Summerhayes (Executive Board Member at APRA) to discuss APRA’s Information Paper, Climate Change: Awareness to action, released on 20 March 2019, and how APRA plans to respond going forward.APRA surveyed 38 large banks, insurers and superannuation trustees last year to assess their views and practices related to climate-related financial risks. The survey found a substantial majority of regulated entities were taking steps to increase their understanding of the threat, including all of the banks, general insurers and superannuation trustees surveyed.SHOW NOTESInformation Paper | Climate change: Awareness to Actionhttps://www.apra.gov.au/sites/default/files/climate_change_awareness_to_action_march_2019.pdfAustralia 'leaders' in climate risk supervision https://ac