Sustainability due diligence on IPOs is gaining ground on
the traditional disclosure of financial, legal, tax and
The assessment of environmental, social and governance (ESG)
risks and opportunities is now an integral part of the IPO
process, according to PwC.
A recent report from the firm states that rather than
waiting for ESG issues to surface in the press, from SEC
comment letters, arise in an external financial statement
audit, or through some catalyst, companies should be
anticipating those well in advance of the IPO being
As such, companies need to up their transparency game by
carrying out their own sustainability due diligence well ahead
of their life as a public company in the public eye.
Companies need to present investors with a complete
risk profile Taking into account sustainability issues
reflects a broader trend in regulation towards trying to focus
on types of corporate behaviour, and...