ESG Down Under: El Niño↑ We zoom in on stock impacts from the FY27 "Super" El Niño – the Bureau of Meteorology's Niño3.4 index is +1.47°C (as of 12 July 2026, threshold +0.80°C). M Key Takeaways Agriculture: El Niño years historically see lower Australian yields, owing to lower rainfall and increased frost risk. Stock exposures: grain logistics (AZJ); dairy processing/distribution (A2M, BGA); medium term wine inventories (TWE). July 14, 2026 06:15 AM GMT Australia Sustainability | Asia Pacific Utilities & E ...