Since 2018, Australia's integrated corporate, markets, financial services and consumer credit regulator, the Australian Securities and Investments Commission (ASIC) has been promoting improved management and disclosure of climate risks by Australian listed companies. Prudential Practice Guide and Climate Vulnerability Assessments to Understand Risks to Financial Systems In addition, the CVAS will build enhanced capability for assessing the emerging macroeconomic and prudential risks of climate change for Australia more broadly. APRA plans to publish the CVA results relating to the major banks in 2022.