Tag: Zero Carbon

VULCAN Energy Resources (ASX:VUL | FWB: 6KO) has doubled its share price since its low point in March, when COVID-19 struck global markets. The company’s recovery on the market, is due to the work it is doing to help the world become a more sustainable place. When COVID-19 struck, Vulcan’s stock was sold off to as low as 15¢ per share amid the uncertainty, having climbed to 38¢ per share — an almost 150% gain from the start of the year. Since then, buyers have begun to return to the stock, more than doubling the company’s share price from its March lows. Further gains are predicted, with German research house Alster Research setting a price target of $2.45 (€1.45) per…

By Meagan Evans A global shift in capital allocations is underway. Trillions of dollars are flowing into sustainable or green investments, as the, ‘environmental, social and governance’ (ESG) sector shakes off its image as simply a feel-good investment class. New evidence demonstrates that profitability and environmental footprint are not mutually exclusive — but that ESG performance does in fact correlate with good financial results. Corporate boards are cleaning up their operations and supply chains to be carbon neutral and environmentally friendly, while global fund managers are allocating to climate and eco-friendly companies, and increasingly refusing to back coal and fossil fuels. In fact, the world’s largest fund manager, BlackRock — which manages nearly US$7 trillion in assets — is reengineering…