Forum Topics Is a demerged Woolworths business actually ethical?
PeregrineCapital
3 years ago

Hi all,

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?

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PeregrineCapital
3 years ago

Hi Colinp,

I think I agree with pretty much everything you said.

I see where you're coming from regarding running an ESG filter on alcohol and tend to agree as well (I do drink)

I also remembered that Woolworths sells tobacco - I guess someone has to do it.....

 

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