AGL Energy Ltd
AGLNF
Utilities
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
AGL Energy Ltd operates Australia's largest private electricity generation portfolio, which remains heavily reliant on coal-fired power stations. In FY25, thermal coal generation revenue rose 24% to $3,257 million, underscoring the materiality of coal to its operations. The company's Integrated Energy segment is explicitly composed of coal, gas, and renewable generation assets. AGL's coal-fired fleet, including the Torrens Island power station units, provides significant baseload generation capacity, with coal representing a dominant fuel source within its diversified portfolio.
AGL Energy Ltd operates the Newcastle Gas Storage Facility, a large-scale natural gas storage and processing site in New South Wales, Australia. The facility's operational environmental management plan details ongoing risks of soil contamination, groundwater impact, and ecological disturbance from its activities. The company's energy portfolio also includes the Macarthur Wind Farm, which has been the subject of formal community complaints regarding noise and vibration pollution, with residents alleging non-compliance with state planning and noise control laws. While the Clean Energy Regulator noted in 2014 that no court had yet made a finding of contravention, the persistent complaints point to documented local environmental harm.
Research Sources
1 organization
Related Exclusions
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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