Green Gold: How Sustainability Creates Deal Value - Hardcover

Über die Autorin bzw. den Autor

MICHEL DRIESSEN is a Professor in the Practice of Finance and the Director of the M&A Research Centre at Bayes Business School. In addition, he is a Chairman, Business Advisor and Board Member. He was previously a Senior Partner in the Strategy and Transactions Group at EY UKI.

SEBASTIAN SCHMIDT is a partner at EY Parthenon who leads an expert group for Decision Support and Business Modelling within Strategy & Transactions for the Europe West region.

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Praise for GREEN GOLD

‘Through some very robust analysis of the past several years, Driessen and Schmidt have demonstrated the impact of sustainability on deal values, despite recent political headwinds. The book has the facts, figures and case studies to back up their conclusions. They then make some very compelling arguments and recommendations for the near future and beyond, as to why sustainability will remain critical for any investment decision. As an added bonus, Driessen and Schmidt provide several toolkits for the reader to use for their own analysis. No matter what your political persuasion, you would ignore this book at your peril. It should be required reading for any investor today.’
PROFESSOR SCOTT MOELLER, Founder and Director, M&A Research Centre, Bayes Business School, City St George’s, University of London.

‘At last a balanced book with a maximising mindset on sustainability. Refreshes and reinforces the view that sustainability is a driver of financial value as well as enriching societies in so many other ways.’
PATRICK DUNNE OBE, Author of Boards

‘For many investors today an important question is whether there is a demonstrable positive correlation between a company’s adherence to ESG principles and the financial return enjoyed over the long term by that company’s shareholders. Or is it the case, as some allege, that investing in an ESG-focussed manner detracts from returns? For their new book Green Gold, Driessen and Schmidt have trawled the markets to see whether data from recent deal flow and relevant company performance provides evidence that addresses these questions. Their conclusions may surprise you―in a positive way.’
JAMES ASTOR, Private Equity portfolio chair

‘A must read and fascinating perspective on a critical question facing business in today’s world, on how to create financial value through sustainability, from two incredibly knowledgeable practitioners sharing their experiences and views.’
AMITAVA GUHAROY, Harvard & INSEAD Alumnus, Board Director, CEO & Senior Partner in both PwC & EY

‘Despite the current geopolitical climate in North America and more widely, ESG remains an important element, and in some cases is the main driver, for corporate strategy, M&A and investment activity.’
DAVID PETRIE, Head Corporate Finance, ICAEW

‘Finally a business book which focuses on the financial value through sustainability in transactions from a practical angle focused on value creation. Sharing the different approaches, toolkits and case studies provides a rich and compelling story about the need to include sustainability in capital events. Sustainability is here to stay and the evidence of financial value creation makes this compelling reading for practitioners and senior executives in both corporates and PE.’
SILVIA RINDONE, EYParthenon UKI Managing Partner, Strategy and Transactions

‘There it is―a simple manual on how to incorporate the complex world of ESG into companies strategic thinking and to make it a driving force for innovation as well as operational excellence. It’s an easy read providing clear explanations, practical tools as well as hands on guidance and case studies for all kinds of investors be it Private Equity, Institutional or Corporate. If done right―following an ESG route as integral part of the M&A agenda will be key as is AI―they will both become table stakes!’
CONSTANTIN GALL, global leader Aerospace, defence and mobility EY

Aus dem Klappentext

What is the true influence of environmental, social, and governance (ESG) factors on M&A transactions? When evaluating potential deals, how can practitioners quantify ESG risks and opportunities, instead of treating them as a ‘tick box exercise’? As regulatory requirements intensify and investors demand greater account­ability, why do many M&A professionals find it difficult to incorporate ESG considerations into their valuation models and due diligence processes?

In Green Gold: How Sustainability Creates Deal Value, Michel Driessen and Sebastian Schmidt―senior trans­­action practitioners―deliver a compre­hensive framework for understanding how ESG factors create and destroy value in mergers and acquisitions. The authors draw on real-world examples, first-hand experience, and practical methodologies to demonstrate how to move beyond superficial ESG assessments and conduct rigorous analysis that measure individual ESG actions directly impacting transaction value.

The book guides readers through the complete investment lifecycle with a focus on ESG due diligence and offers detailed explorations of materiality and maturity assessments. Driessen and Schmidt introduce an original ESG-adjusted earnings and cash flow forecast methodology that quantifies sustainability impacts on financial projections. With real life case studies the authors illustrate successful ESG integration and cautionary tales of value destruction. They address the evolving regulatory landscape across the US, EU, and Asia, and provide actionable frameworks for identifying ESG value drivers and risks through­out all phases of a deal―from pre-deal through exit.

Perfect for M&A professionals at invest­ment banks, private equity firms, hedge funds, accounting and law firms, as well as MBA students and finance students focused on sustainability, Green Gold is an essential resource for anyone seeking to master the intersection of ESG and deal value in today’s market.