CLIMATE CHANGE ASSESSMENT IN DUE DILIGENCE

摘要

1.1Performed prior to purchase of an asset 1.2Identify known and potential environmental liabilities 1.2.1Asbestos, leaking tanks, soil contamination, etc. 1.2.2Assess significance within the context of the transaction 1.3Evaluation of physical risks from climate change 1.3.1Determine the vulnerability of the asset and its operations to climate risks 1.3.2Assess whether identified risks affect the valuation of the asset in the transaction 2.1Although climate change time horizon may be longer than some company planning and/or investment horizons, it is increasingly seen as a pressing risk 2.1.1Natural disasters, growing concern about the pace of change, tipping points 2.2Insurers/lenders/investors making more frequent demands for climate risk evaluation 2.3Climate risk increasingly seen as a component of ESG/sustainability 2.4Demand is growing despite lack of regulatory drivers in the US aside from 2010 SEC regulation on climate disclosure.