Daily FNArena News - ESG Focus

Green revenue provided one of the few highlights in an otherwise dour, interest-rate hampered August reporting season, and this article checks out the season’s darlings: green commodities and mining services

The Ukraine conflict intensified the ASX300s decarbonisation drive in the June half, companies shifting to alternative fuels, fleet upgrades, hedging, technology partnerships and asset sales – a process which only intensified in the September quarter along with capital expenditure bills

FNArena’s third and final instalment on biodiversity gives investors a heads up to tax reforms to $1.8trn in harmful global tax subsidies; monetisation schemes; and the upcoming biodiversity COP

Moody’s has estimated US$1.9trn in rated global debt is at risk from biodiversity loss, and it appears those responsible for the losses are expected to foot the bill

Bringing forward its already planned coal exit, AGL Energy has announced the closure of its Loy Yang A project by 2035 as the company focuses on renewable energy.

Biodiversity has been the long-mooted laggard on the ESG front, but the new ESG investment category has come of age

BlueScope Steel retains its 2030 and 2050 emissions targets but analysts say a lack of available and affordable new energy technology continues to be the key barrier to decarbonising steel

Brokers focus upon the dividend impact from Fortescue Metals decarbonisation strategy and crave more detail

Companies reporting on transition initiatives surged in the second half of FY22, as management seized on growing green opportunities to showcase in the August reporting season, and many outlined battle plans to deal with volatile energy costs

With divestment of its Beetaloo asset stake, Origin Energy continues its transition away from gas exploration. While largely received positively by analysts, some raise concern as to the pathway towards energy transition exposure