Environment
Mill: Investor jitters
Matthew Denholm The Australian
Gunns’s largest such shareholder, Perpetual Investments, has received a letter from one ofits wholesale investors, signed by 150 investment advisers and investors, urging it to oppose themill. A Sydney-based wholesale investor in Perpetual, Danielle Ecuyer, said the campaign was likely to spread to other Gunns shareholders, as well as Gunns’s main banker, ANZ. “We are moving into an interesting phase where there will be the introduction of a carbon tax or ‘cost of carbon’ and increasingly investors want to see financial institutions acting in a sustainable fashion,” she said.