RE:RE:RBC 2Pandora - Sustainability reports are not optional. In today's environment. I would be a LOT more worried about any oil company that is ignoring the ESG. Whether you buy it or not, and like you I think most of it is just wokism, but those companies that ignore it will suffer in their share price and I invest to make money.
Pandora wrote: retiredcf wrote: January 16, 2023
Freehold Royalties Ltd. Published Sustainability Report
TSX: FRU | CAD 15.65 | Outperform | Price Target CAD 21.00
Sentiment: Neutral
Freehold Royalties released its updated Sustainability Report with data reflected through 2021 and aligned with leading global reporting frameworks such as the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB). We note that the report includes historical data for 2019 and 2020, as Freehold's prior Sustainability Report included historical data from 2016-2018. We view the update constructively as management continues to prioritize ESG throughout the business while providing strong disclosure and transparency for investors.
Details:
Key ESG highlights. Freehold highlighted ESG achievements in 2022, including reaching its 30% board gender diversity target, offsetting scope 1 & 2 GHG emissions, and continuing with strategic charitable partnerships seen with a 4x y/y increase in its community investment budget for 2022. Throughout the report, the company also provides disclosure on key royalty payors, with Freehold noting 60% of its top 20 payors have scope 1 & 2 GHG reduction targets. Additionally, 20% of Freehold's top 20 royalty payors have made net zero commitments, aligned with Freehold's own net zero targets which the company currently achieves through carbon offsets.
Don't really like all the "woke ESG verbage". Probably would have thought twice about buying in if I had been aware of that. Guess I should have done more DD. Oh well, I'm in at this time.