I've heard and read a lot of commentary that the demerged Woolworths business will attract new capital flows from investors with ESG screens.
I have no doubt this will be the case however I was wondering if the demerged Woolworths meets your standards for ESG investing?
Personally I'm on the fence given that:
1) Woolworths will still hold a 15% stake in Endeavour Group (although I anticipate they will sell down)
2) My understanding is that a deep ongoing partnership between Woolworths and the drinks business will be in place. I'm not sure if the gaming venues will be part of this as well. Can anyone shed some light?
What does everyone think?