Environmental matters have become critical especially in the wake of sustainability. However, sometimes it is not easy to assess the impact of all companies on the environment. FOr instance, how can one assess the EDD for the banking sector?
I assume environmental DD would only be crucial in industries that have to do with natural resources and would eventually directly or indirectly impact the livings. banking , health care, and technology sectors would need regulatory and policy DD more than environmental.
What we see with our clients is that Environmental DD (or even ESG DD) moves from “identifying risks” only, to really assessing value creation opportunities going forward. Following the Green Deal in EU, this will only gain attention and importance in my opinion.