Ampol Sustainability-Linked Perpetual may miss a target

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On 23 Feb 2026, Australian Oil and Gas company Ampol Limited will report on whether it has achieved two of its Sustainability Performance targets (SPTs) for its Sustainability-Linked Perpetual (SLP).

Unplanned events affecting Ampol’s Lytton refinery could mean the company is unable to meet its 5% reduction in total emissions intensity SPT, and we rate the SLP likely MISS.

An SPT miss will result in the call price of the SLP increasing by 1%, a miss that the market does not appear to be anticipating.