Over 70% of companies have abandoned deals over ESG

Here’s news from this article by “ESG Today”:

Sustainability considerations are becoming increasingly central in the mergers and acquisitions dealmaking process, with more than 70% of M&A leaders reporting abandoning potential acquisitions over ESG concerns, and a vast majority saying they would be willing to pay more for targets with strong ESG attributes, according to a new survey released by global professional services firm Deloitte.

The survey found that ESG factors were becoming increasingly integrated into the M&A process, with a growing impact on target considerations, due diligence, final decision making and valuation, particularly as sustainability-related data becomes more readily available, and as companies evolve their understanding of ESG issues.