Aurizon (ASX:AZJ) share price lifts following sustainability report

Shares in the rail freight operator are shunting higher today.

| More on:
a train driver leans out of the window of a green locomotive train.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Aurizon Holdings Ltd (ASX: AZJ) share price is edging higher in morning trade today, currently trading up 0.13% at $3.85.

Aurizon shares are on the move despite there being no market-sensitive news out of the company's corner today.

However, it earlier released its 2021 sustainability report to the market.

Here's what we know.

What did Aurizon release?

Aurizon, Australia's largest rail freight operator, released its 2021 sustainability report, highlighting its performance in this domain for the year.

In its report, the company explained that 80% of its employee base is in regional Australia while 23% of its workforce is female, up from 22% the year prior.

In addition, the company has launched its climate strategy and action plan which includes a net-zero operational emissions target by 2050.

The company said it achieved a 2% decrease in greenhouse gas emissions intensity from the year prior while also supporting 46 charities through its "Community Giving Fund".

Additionally, Aurizon highlighted how it "create[s] tangible and sustainable value for [its] primary stakeholders, including investors, customers, employees, and the community".

It measures this from its dividend and share buyback programs which, the company says, "ha[ve] been significant and provide a platform for the future".

To date, Aurizon has provided a "stable cash flow" to investors, delivering more than $4 billion to shareholders through dividends and share buybacks.

For instance, in FY21, the company returned almost $530 million to its shareholders and completed a $300 million share buyback of its own shares.

According to the company, this "increased shareholders' effective interest by approximately 4%".

Aurizon also detailed its climate action program where it has already made a 20% reduction in its "locomotive carbon footprint since 2010".

It is targeting net-zero emissions by 2050 and is investing $50 million over the next 10 years to achieve a reduction target of 10% by 2030.

Aurizon share price snapshot

The Aurizon share price has had a difficult year to date, posting a loss of 0.5% since January 1.

Over the last 12 months, things haven't been any better with Aurizon shares slipping a further 9% out of the money.

These results are well behind the S&P/ASX 200 Index (ASX: XJO)'s climb of 25% during this time.

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A man looking at his laptop and thinking.
Share Market News

Why is the ASX 200 pumping the brakes before the weekend?

Australian investors don't have the appetite today, here's why.

Read more »

Miner and company person analysing results of a mining company.
Resources Shares

Buy one, sell the other: Goldman's verdict on these 2 ASX 200 mining shares

The broker sees significant valuation differences between these 2 major ASX 200 mining shares.

Read more »

Broker written in white with a man drawing a yellow underline.
Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.
Share Fallers

Why BHP, Lynas, Metals X, and Super Retail shares are dropping today

These shares are ending the week in the red.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Latin Resources, Newmont, Nick Scali, and ResMed shares are surging today

These ASX shares are ending the week strongly. But why?

Read more »

supermarket asx shares represented by shopping trolley in supermarket aisle
Mergers & Acquisitions

Metcash shares down despite corporate watchdog approval

Metcash is about to diversify and become a bigger business.

Read more »

happy investor, celebrating investor, good news, share price rise, up, increase
Capital Raising

Nick Scali share price jumps 14% to record high after raising $46m

Investors have responded very positively to the company's UK expansion plan.

Read more »

Three miners stand together at a mine site studying documents with equipment in the background
Materials Shares

BHP shares sink on $60b Anglo American takeover news

The Big Australian could be on the verge of a major acquisition.

Read more »