RepuTex » Publications

RepuTex Flags Asia’s Governance Hot Spots

kolabs — Fri, 25 Nov 2011 06:43:51 +0000

HONG KONG, 24th November 2011 – RepuTex today launched its first Corporate Governance: Asia Market Watch detailing findings of an extensive study into its 1,200 Asia (ex Japan) companies, to identify corporate governance Rating Flags based on 10 RepuTex Corporate Governance criteria. Analysis identifies governance hot spots for companies across the region, and for the first time provides a granular understanding of the specific governance Rating Flags as triggers across all sectors, and Asian markets.

A 2012 Carbon Price For Australia – Medium Cap Firms at Risk

reputex — Tue, 25 Oct 2011 01:43:03 +0000

MELBOURNE, 25th October, 2011 – New research released today by RepuTex indicates that the Australian Government’s Carbon Price Mechanism (CPM) will cost S&P ASX 200 companies AUD $18.7bn over a ten year period from FY 2013-2022, with high polluting medium and small capitalised Materials and Industrials companies faring the worst.

According to RepuTex:

Before any carbon costs are passed through, S&P ASX 200 companies are expected to face cumulative direct and indirect carbon costs (after Government Assistance) of approximately AUD $33.4 billion from FY 2013 through to FY 2022.
RepuTex estimates that 43% of the above cost, or $14.6b, is expected to be passed through to consumers, leaving S&P ASX 200 companies liable for $18.7b over the 10 year period.
All firms will be exposed to an indirect cost through the purchasing of electricity and supply chain inputs. These liabilities account for 43% of the total S&P ASX 200 carbon cost.
Mid and small capitalised Materials and Industrials companies face the highest earnings impacts due to their lower revenues and generally lower levels of diversification.

To receive RepuTex’s research update, A 2012 Carbon Price for Australia, part of RepuTex’s Carbon Insights package, please click here

Natural Gas Big Winner from Carbon Tax

reputex — Tue, 27 Sep 2011 02:19:48 +0000

MELBOURNE, 27th September, 2011 – RepuTex, a leading carbon analytics firm, today released research into the impact of the proposed carbon tax on the Australian power industry from 2011 to 2020. Research found that natural gas generators will be the big winners with generation projected to increase by 40% by 2020.

Over the same period, RepuTex predict that Australian power industry emissions will drop by 9% (equal to a 5% reduction from 2000 levels) and generation from brown and black coal is expected to reduce by 40% and 20% respectively by 2020.

Full findings will be made available in a forthcoming report with Standard & Poor’s.

RepuTex August Power Emissions Insights

reputex — Wed, 14 Sep 2011 03:56:45 +0000

Research by carbon analytics firm, RepuTex, reveals that emissions from Australia’s power industry dropped 3.63% in August compared to July, with RepuTex’s month-on-month emissions forecast projecting a further fall of 5% through September.

Milder weather across mainland states in August led to a decrease in emissions from Black Coal in New South Wales and Queensland. Increased gas output and higher wind generation in southern states is likely to see further reductions in September. To year end FY 2011-12, RepuTex project a 3.7% year-on-year increase in power emissions, coming off a low base in FY 2010 due to low demand as a result of La-Nina climatic conditions.

To view a full breakdown of RepuTex’s August Emissions Insights Report, please download below

Research Note: Year Two of the HSI Corporate Sustainability Index

reputex — Tue, 06 Sep 2011 04:38:29 +0000

RepuTex has undertaken an extensive review of the ESG performance of 638 companies for the Hang Seng Corporate Sustainability Index in 2011. The report highlights the trends in ESG performance of Hong Kong and mainland China companies in the fields of Corporate Governance, Environmental Impact, Social Impact and Workplace Practices.

To download RepuTex’s full report, The Year That Was – Year Two of the Hang Seng Corporate Sustainability Index, please click on the link below.

S&P: Phase III EU ETS Liabilities For Utilities to Impact Credit

reputex — Fri, 08 Jul 2011 02:08:18 +0000

LONDON July 7, 2011 – Results of a study into the carbon liabilities of power companies under Phase III of the EU ETS undertaken by Standard & Poor’s, with carbon risk analytics firm RepuTex, indicate that firms that are not able to easily pass additional costs associated with carbon trading on to consumers are likely to face adverse credit rating impacts.

Carbon liabilities are likely to have the most significant effect on the EBITDA of Drax Power Ltd, RWE AG and E.ON AG, with future liabilities and credit impacts varying markedly between high and low emitters of CO2e.

RepuTex, the leading source of greenhouse gas emissions forecast information and a leader in the pricing of firm-level carbon liabilities, conducted an illustrative study for Standard & Poor’s to assess the future EBITDA exposure of a portfolio of European electric utilities by projecting emissions based on electricity demand modelling in key markets from 2011 to 2015. Analysis interpreted the financial liability those projected emissions under Phase III of the EU ETS under a range of carbon price and cost pass through scenarios.

To read the full report, please click on the link below

A 2012 Carbon Price for Australia?

reputex — Fri, 25 Feb 2011 02:42:40 +0000

The Australian Government has announced its intention to introduce a price on carbon from July 1st 2012 as an interim measure towards the implementation of a full emissions trading scheme within three to five years.

To download RepuTex’s full report, A 2012 Carbon Price for Australia, please click on the link below.

RepuTex Emissions Reporting Disparities by Market – Research

admin — Fri, 17 Dec 2010 04:06:44 +0000

Research undertaken by carbon analytics firm, RepuTex, indicates that a major disparity exists between the emissions levels of top emitting countries and the emissions disclosure of companies within those markets. As attention post Cancun turns to key global markets and their likely policy initiatives to improve transparency, corporate risk attached to disclosure and reporting of greenhouse gas (GHG) emissions is likely to increase, notably across the Asia Pacific region. According to RepuTex, the world’s largest emitters, namely China, the United States, India and Russia, command a significant share of global emissions, however company GHG reporting and disclosure levels are considerably low, likewise, the quality of reported emissions is poor, with incomplete, unverified and unreliable data sets being disclosed to the market.

To download RepuTex’s full report, The Emissions Disconnect – Emissions Reporting Disparities by Market, please click on the link below.

Standard & Poor’s and RepuTex Carbon Exposure Survey

admin — Sun, 10 Oct 2010 04:22:05 +0000

Standard & Poor’s Ratings Services and carbon analytics research firm RepuTex, today launched the findings of a new joint survey of more than 300 Asia Pacific issuers rated by Standard & Poor’s on their current and anticipated carbon exposure. Joint findings indicate that corporates in the Asia Pacific region are seriously concerned about the impact of climate change on their industry, and are preparing to tackle increasing legislation aimed at curbing greenhouse gas emissions.

Research Note: ESG Exposure of HK & China Companies 2010

admin — Wed, 07 Jul 2010 07:53:31 +0000

RepuTex has undertaken an extensive study of the ESG performance of 538 Hong Kong and mainland China companies to support the development of the Hang Seng Corporate Sustainability Index Series, due for launch in July 2010.