Incorporating ESG across the M&A process

Journal article

Aspects of ESG have become key considerations during many M&A transactions. This ranges from the type of assets a firm purchase, to evaluating the management practices of target firms, to incorporating ESG assessments into due diligence checklists and valuation models, to including specific ESG provisions in the sale and purchase agreement (SPA). Companies are increasingly concluding that a more robust focus on ESG in deal-making allows for greater value to be captured. M&A practitioners will find this article particularly useful, as many firms struggle with how to effectively include ESG in their transactions. This article provides M&A practitioners with key actions they can take to incorporate ESG throughout the deal process, from pre-deal analysis through post-transaction integration. A case example from a large state-owned Norwegian utility is provided.

Authors: Galpin, T; de Vibe, M

• Publication status: Published
• Peer review status: Peer reviewed
• Publisher: Emerald
• Journal: Strategy and Leadership
• Volume: 52
• Issue: 1
• Pages: 29-37
• Publication date: 2024-04-09
• Acceptance date: 2024-03-22
• DOI: 10.1108/SL-12-2023-0121
• EISSN: 0094-064X
• ISSN: 1087-8572
• Language: English