Recent heat waves in North America and Europe are the latest example of the economic impact of rising temperatures and climate change. This is no truer than in the M&A industry, where dealmakers are no longer only considering the financial risk and opportunities of a deal, but also ESG factors in understanding business performance and achieving M&A success.
In fact, a majority of 400 global dealmakers surveyed by Datasite in 2021, predicted ESG would become increasingly critical to M&A decision-making and that climate change was the biggest dealbreaker to completing M&A that year. This remains a theme, especially for the UAE, host country for this year's COP 28 meeting. While M&A volume increased by 9% in the UAE and 6% in Saudi Arabia in 2022 compared to 2021, most of that activity was prompted by consumer markets, technology and digital infrastructure, industrials and financial services deals, and not by oil and gas investment. This may ...
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