Sustainability & Climate Change Team of the Year
Contact Phil Case
PwC Email:
philip.v.case@
uk.pwc.com Website:
www.pwc.co.uk
UK
Over the last 18 months, headline grabbing extreme weather events, and commodity price shocks have become more common. With unpredictability looks set to increase, preparation is everything. Phil Case, director, PwC, examines how sustainability and climate change strategies have risen up the corporate agenda and are driving opportunities of their own.
PwC help clients identify, understand and manage the risks posed by a perfect storm of climate change, water scarcity, increasing pressures on natural
resources and
sustainable development. Businesses need to get engaged on the areas materially relevant to their business. Private Equity (PE) is a good example. Our research shows that the rewards can be significant when it is approached in the right way.
PE houses use ESG to add value
Working for the UN backed Principles for Responsible Investment, we examined the effect that a company’s performance in environmental, social or governance (ESG) factors is having on mergers and acquisitions activity with major buyers. We found that good performance can improve deal values; poor performance can be a deal breaker.
PwC’s own work with PE houses bears this out. We examine where the value can be protected or enhanced and then monetised. From pre-acquisition
sustainability
assessments, through portfolio company ESG reviews during the “hold” period, to sustainability advice at exit, the interest in the ESG agenda is shifting from “tell me” to “show me”, and will soon reach the “prove it” stage. Major buyers told us that good performance in relation to EGS factors can actually be a motivator to do a deal.
One third of companies said that they believe positive performance in this area can enhance the reputation and brand of a company, including increasing the speed of the acquisition process. On the flipside, three quarters of trade buyers said that in some cases poor performance in relation to ESG factors had prevented a deal from happening or had affected their willingness to do a deal. Issues that matter are not always the most obvious ones either – one trade buyer reported a deal falling through as the company they were thinking of buying had operations that threatened the local habitat which was home to tigers.
More broadly than PE, the question for investors and shareholders is how resilient is a business to disruption? Resilience is the watch word in the board room, whether planning for risks or the long term opportunities.
Philip Case is a specialist in sustainability & climate change in the financial services sector.
philip.v.case@
uk.pwc.com
About PwC
PwC’s award winning global sustainability and climate change team works with public and private sector clients, NGOs, private entrepreneurs, policy makers and think tanks to make business and economic sense of sustainability and climate change. Our clients, like us, are serious about sustainability and climate change and its potential.
We provide the most comprehensive range of services focused on green growth. Our global sustainability and climate change team of around 700, is led by the firm in the UK(100). Specialists work across the complete range of sustainability impacts and business opportunities including environmental science, economics, carbon reporting and trading, CSR strategy, private equity/ M&A, resource planning and supply chain,
reporting and measurement,
biodiversity, financing, environmental tax and regulation, renewables and clean tech.
The ‘Sustainability and Climate Change Team of the Year’ award from Finance Monthly readers is recognition of PwC’s ongoing commitment to and expertise in sustainability in the Financial Services sector. To find out more
www.pwc.co.uk/sustainability
see
PwC’s award winning global sustainability and climate change team
works with public and private sector clients, NGOs, private entrepreneurs, policy makers and think tanks to make business and economic sense of sustainability and climate change.
Finance Monthly GLOBAL AwArds 2013 37
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72