RE: Global Energy Standards30 Jun 2021 13:57
12.00 - interesting way to word the question. Why would you open balance be worried it would have a negative effect on the share price?
I'm not an expert but its a company wide set of standards and reporting which is very much gathering pace across the corporate world. It will mean some additional work to gather and report the information. May involve addending some company policies and processes, possibly who you chose to do business with or chose to engager an investor / financing lens.
I'm not sure in the big picture those 'costs' would be significant enough to be reflected in the share price.
However on the plus side, it is good modern corporate governance to align to these standards, many counterparts and investors have and will continue to adopt reliance on this policy standards to interact with 88E...particularly fund managers (institutional investors) as some funds mandate demand that only ESG compliant investments are undertaken or others that prefer to have these standards in place. And also if you think about it, its a formal set of standards and reporting that (in the future) would provide comfort under due diligence for any FO, Merger or acquisition.
On balance I think the forward thinking as to the changing corporate environment and requirements will be a positive step for the company and therefore more likely to have a positive effect on the share price. IMHO