Australian Ethical offloads Lendlease shares over development threat to koala population
by Lisa Cox from Environment | The Guardian on (#69QNR)
The fund believes itself to be one of the first' in Australia to divest from a company over a concern for an endangered species
- Follow our Australia news live blog for the latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
One of Australia's leading ethical investment managers says it has sold its shares in Lendlease over concerns a planned housing development in south-west Sydney threatens the survival of Sydney's largest healthy koala population.
Australian Ethical has divested $11m in shareholdings in the property developer's listed assets, saying Lendlease had failed to provide critical information" about the width of planned koala corridors at stage two of its Gilead housing development.
Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup
Continue reading...