** Analysts at Jefferies say investors will favour companies that offer limited risk in terms of employee safety and health among Australian developers and contractors pursuing ESG metrics

** Brokerage says fostering a positive culture and creating a supportive, inclusive environment a key driver of sustainable earnings

** Says firms operating in high-risk jurisdictions, like Perenti PRN.AX, are likely to trade at a discount relative to those that are less exposed

** Jefferies says a company's contribution to carbon emissions is key concern in an increasingly ESG-focussed world

** Brokerage believes engineering services firm Worley WOR.AX best positioned to benefit from NetZero 50 and decarbonisation

** Says Downer EDI DOW.AX has maintained a commendable safety record for its employees while Monadelphous MND.AX has made notable progress in talent development pathways, leading to employee retention rate of 95% for key talent

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))