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    COL   AU0000030678

COLES GROUP LIMITED

(COL)
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Coles : Australia's Coles targets net-zero greenhouse emissions by 2050

03/18/2021 | 05:36pm EDT

March 19 (Reuters) - Coles Group aims for net-zero greenhouse emissions by 2050 as part of efforts to address global climate change, Australia's No.2 grocer said on Friday.

Companies across the world have laid out emission reduction and decarbonisation targets under pressure from investors and consumers seeking more transparency.

Coles said it would be entirely powered by renewable electricity by the end of 2025, adding it would work on reducing its combined scope 1 and 2 greenhouse gas emissions by more than 75% by the end of 2030.

The emission targets committed Coles to a greenhouse gas reduction strategy that "exceed climate change ambitions of the Paris Agreement", Chief Executive Steven Cain said in a statement.

In September, Coles agreed to source more than 90% of its Queensland electricity requirements from state-owned energy generator CleanCo, three-quarters of which would come from renewable sources. (https://bit.ly/2NyFDNi) (Reporting by Soumyajit Saha in Bengaluru; Editing by Sriraj Kalluvila)


ę Reuters 2021
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Financials
Sales 2021 38 921 M 28 773 M 28 773 M
Net income 2021 1 019 M 753 M 753 M
Net Debt 2021 9 635 M 7 123 M 7 123 M
P/E ratio 2021 23,5x
Yield 2021 3,51%
Capitalization 23 904 M 17 639 M 17 672 M
EV / Sales 2021 0,86x
EV / Sales 2022 0,85x
Nbr of Employees 118 000
Free-Float 94,8%
Chart COLES GROUP LIMITED
Duration : Period :
Coles Group Limited Technical Analysis Chart | COL | AU0000030678 | MarketScreener
Technical analysis trends COLES GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 17,92 AUD
Average target price 17,38 AUD
Spread / Average Target -3,03%
EPS Revisions
Managers and Directors
Steven Cain Chief Executive Officer, Director & MD
Leah Weckert Chief Financial Officer
James Philip Graham Chairman
Roger Sniezek Chief Information & Digital Officer
Matthew Swindells Chief Operating Officer
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