Endeavour has been rewarded, not punished, by investors since it was spun out of Woolworths, leaving investors and analysts perplexed.
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When Woolworths decided to spin off its bottle shop and pubs businesses, it was meant to signify a big moment for environmental, social and governance investing.
Though the official reason for the divestment was to simplify its operations, Woolies management no longer had to defend its status as the largest owner of poker machines in the country or one of the biggest booze retailers.
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Original URL: https://www.afr.com/markets/equity-markets/why-the-market-ditched-endeavour-s-esg-discount-20220818-p5bas8
