ESG is still a thing in the dealmaking world — if anything, it's becoming more popular.
Even as the practice of Environmental, Social and Governance investing comes under attack by conservatives, it's standard practice for many corporate and private equity leaders to evaluate potential acquisitions along ESG lines.Dealmakers and investors emphasize that their priority is making money — in other words, looking at ESG isn't about do-gooderism, it's about achieving strong financial performance.
"We are focused on doing the right thing from a business imperative perspective," says Ken Mehlman, global head of public affairs at private equity giant KKR.this year said that they look at how their ESG profile would be affected by a potential acquisition or divestiture.And, across a range of industries, leaders told Deloitte that they had walked away from an acquisition because of an ESG concern, including 80% in private equity, 70% in financial services, and 72% in consumer goods.
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