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SUNFLOWER SUSTAINABLE INVESTMENTS LTD

(SNFL)
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End-of-day quote. End-of-day quote TEL AVIV STOCK EXCHANGE - 04/13
9.1 ILS   +2.06%
04/08SUNFLOWER SUSTAINABLE INVESTMENTS  : Sustainable investment group UNPRI reviews Liberty Mutual membership over Australian coal mine plan
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Sunflower Sustainable Investments : Sustainable investment group UNPRI reviews Liberty Mutual membership over Australian coal mine plan

04/08/2021 | 03:28am EDT

MELBOURNE, April 8 (Reuters) - UNPRI, a United Nations-backed network that promotes sustainable investment, is reviewing the status of Liberty Mutual as a signatory after receiving a complaint that the U.S. insurer is backing a coal project in Australia that has drawn fire from community groups worried about climate change and pollution.

Action group Save the Dawson lodged a formal complaint, asking UNPRI's board to engage with Liberty Mutual to ensure it withdraws an application to develop the Baralaba South coal mine, 500 kilometres north west of Brisbane in Queensland state, before the end of the month, Paul Stephenson said.

UNPRI's chief executive Fiona Reynolds told Reuters on Thursday that Liberty Mutual's expulsion from the group was one possible conclusion after its review is complete. The insurer formally signed up to UNPRI principles last December.

"That (community group) complaint will now be actioned and will go through our internal process," Reynolds said. "Ultimately a complaint goes to the PRI board and can result in a signatory being delisted."

Liberty Mutual was not immediately available to comment. A spokesman told local media in January that the company recognised the risk of climate change to the planet and was taking action to reduce carbon emissions for the project that would provide hundreds of jobs in a rural area.

The Baralaba South project is expected to produce 5 million tonnes per year of a type of coal that is mostly used in steel-making but that can also be used for power.

Liberty Mutual has faced a backlash from community groups, Aboriginal traditional owners and farmers who are opposed to the development of the mine that they say will worsen climate change and carries a risk of polluting local waterways that lead out to the Great Barrier Reef. (Reporting by Melanie Burton; Editing by Ana Nicolaci da Costa and Kenneth Maxwell)


© Reuters 2021
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04/08SUNFLOWER SUSTAINABLE INVESTMENTS  : Sustainable investment group UNPRI reviews ..
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Sales 2020 56,4 M 17,2 M 17,2 M
Net income 2020 8,04 M 2,45 M 2,45 M
Net Debt 2020 42,4 M 12,9 M 12,9 M
P/E ratio 2020 28,9x
Yield 2020 -
Capitalization 300 M 91,4 M 91,5 M
EV / Sales 2019 4,96x
EV / Sales 2020 4,88x
Nbr of Employees -
Free-Float 29,7%
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NameTitle
Orly Kyram Chief Executive Officer
Rachel Segal Chief Financial Officer
Aharon Naftali Biram Chairman
Sani Ziv External Director
Medi Ben Yehoshua Director
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