ESG investing: Check out three ASX stocks for investors

Highlights

  • ESG investing is known to be a kind of investing that considers a company’s financial returns along with its impact on environment, stakeholders, and planet. ESG stands for Environmental, Social, and Governance.
  • Investors have recently been drawn to ESG stocks due to their decent financial performance, especially during the COVID-19 pandemic period. 

ESG stands for Environmental, Social, and Governance. ESG investing is known to be a kind of investing that considers a company’s financial returns along with its impact on environment, stakeholders, and planet. Investors have recently been drawn to ESG stocks due to their decent financial performance, especially during the COVID-19 pandemic period. Data shows that several ESG stocks have traded with lower volatility than their non-ESG peers. In short, ESG funds help people to invest based on their ethics, while developing a capitalist platform.

Here are three ASX-listed ESG stocks for investors: 

Apiam Animal Health (ASX:AHX) 

Apiam Animal Health is a provider of health care equipment and services. Shares of the company have given a year-to-date (YTD) return of over 43%.  The one-year return stands at nearly 26%. The company earlier this year said that it has been working towards putting an end to the mental health and suicide crisis gripping the vet market.

ESG investing: Check out three ASX stocks for investors

It its FY21 financial results, the company reported strong net profit growth on account of strong dairy and mixed clinics performance. Some of the major highlights are:

  • Net profit after tax (NPAT) grew by 24% to AU$5.1 million compared to FY20.
  • Revenue grew 6.6% to AU$126.2 million, compared to FY20.
  • Gross profit rose 11.2% to AU$71.1 million, compared to FY20.
  • 5% increase in operating cash flow and strong balance sheet supporting final year dividend of 1.2 cents per share.

ESG stands for Environmental, Social, and Governance.

Image Source: @Robwilson39  | Megapixl.com 

ReNu Energy Ltd (ASX:RNE) 

ReNu Energy is into the provision of commercial and technical solutions in the clean energy sector. Shares of the company have given a year-to-date (YTD) return of 40%.  The one-year return stands at over 86%.

ReNu Energy recently announced that it has completed the first tranche of its investment in Enosi Australia Pty Ltd (Enosi), announced on 10 September 2021.

Tracing carbon-free energy has fast become the next global sustainability benchmark to achieve goals of 24-hour 100% renewable energy.

 “The proposed investment in Enosi is a part of advancing the company’s renewable and clean energy incubator and accelerator strategy,” said ReNu Energy CEO Greg Watson.

Woolworths Group Ltd (ASX:WOW) 

Woolworths Group is a popular brand in the Australian supermarket segment. Shares of the company have given a year-to-date (YTD) return of nearly 17%.  The supermarket chain’s one-year return stands at nearly 21%.

Woolworths has committed to AU$700 million in bonds to boost its target of reducing carbon emissions.

Of the AU$700 million, Woolworths set AU$350 million on six-year notes and the remaining AU$350 million on ten-year notes, as part of its medium-term note program. It comes after the company issued 550 million euros in sustainability-linked bonds in September.

RELATED ARTICLE: Why Cardano, Dogecoin are Slipping Despite Bitcoin's All Time High 

RELATED ARTICLE: 3 excellent ASX listed dividend shares from healthcare - HLS, SHL, ANN 

RELATED ARTICLE: 5 ASX drone shares to watch out

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK