Deloitte Survey Shows 7 in 10 Firms Have Halted Acquisitions Because of ESG Concerns
A survey recently conducted by Deloitte has determined that every 7 in 10 leaders on mergers and acquisitions have abandoned possible acquisitions over environmental, social and governance (“ESG”) concerns, with many of them revealing that they would willingly pay more for targets with strong ESG credits. This comes as sustainability considerations become more important in dealmaking processes for mergers and acquisitions (M&A’s). For their analysis, the company surveyed 500 leaders from private-equity companies with roughly $1 billion in assets under management and corporations with at the minimum $500 million in revenue across Europe, North America, Middle East and Asia Pacific…