Thomas HACHETTE, a Partner at SORGEM Évaluation, took part in the APEI working group on the topic of ‘ESG and valuation’ and spoke at the presentation of the report on two key topics:
- sources of ESG information and the independent expert’s analysis framework;
- the links between ESG performance and discount rates in the DCF method.
He pointed out that whilst strong ESG performance can positively influence the perception of risk and therefore the cost of capital, best practice recommends reflecting these effects in future cash flows, rather than arbitrarily adjusting the discount rate.
A pragmatic approach consistent with the logic of valuation: structuring without over-rigidising, integrating without over-interpreting.
👉 Read the full APEI paper ‘ESG and Valuation’ (September 2025), to which SORGEM Évaluation contributed, by following this link
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