Crowe Munich

Environmental, social and governance (#ESG) issues are becoming increasingly important in investment decisions. ESG due diligence not only serves as a risk analysis when acquiring a company; it also offers the seller the opportunity to minimise liability risks and increase the value of the company:   The quality and sustainability of a company's ESG performance cannot (currently) be assessed by looking at its financial statements alone. This can only be achieved by consistently integrating ESG issues into the due diligence process in preparation for acquiring a company or a stake in it. In the context of ESG due diligence as a transaction risk analysis, ESG experts and legal professionals thoroughly investigate sustainability-related risks as well as potential fines or reputational risks - such as #greenwashing.   From a seller's perspective, early benchmarking of relevant ESG criteria and appropriate measures to improve the company's ESG performance often result in a higher purchase price.   The results of ESG due diligence can therefore influence both the execution and the terms of a transaction such as the purchase price, its financing and the drafting of the contract.   The scope of an ESG due diligence is also case-specific and should consider industry and company specifics.   The basis of any ESG due diligence, from both a buyer's and seller's perspective, is the assessment and quality check of a company's ESG-related documentation. This provides information on how a company manages and documents ESG issues and the extent to which it complies with legal requirements.   European ESG frameworks such as the European Sustainability Reporting Standards (#ESRS), the Corporate Sustainability Reporting Directive (#CSRD), the Sustainable Finance Disclosure Regulation (#SFDR), the EU Taxonomy Regulation and the EU Supply Chain Directive (#CSDDD) provide guidance on the selection and collection of data.   For further information and individual advice on ESG and ESG in the context of mergers and acquisitions, please do not hesitate to contact us: https://lnkd.in/ekDT69Zp   #crowegermany #artofsmart #wearecrowe #duediligence #Transaction #Acquisition Crowe Global

Environmental, social and governance (#ESG) issues are becoming increasingly important in investment decisions. ESG due diligence not only serves as a risk analysis when acquiring a company; it also offers the seller the opportunity to minimise liability risks and increase the value of the company:   The quality and sustainability of a company's ESG performance cannot (currently) be assessed by looking at its financial statements alone. This can only be achieved by consistently integrating ESG issues into the due diligence process in preparation for acquiring a company or a stake in it. In the context of ESG due diligence as a transaction risk analysis, ESG experts and legal professionals thoroughly investigate sustainability-related risks as well as potential fines or reputational risks - such as #greenwashing.   From a seller's perspective, early benchmarking of relevant ESG criteria and appropriate measures to improve the company's ESG performance often result in a higher purchase price.   The results of ESG due diligence can therefore influence both the execution and the terms of a transaction such as the purchase price, its financing and the drafting of the contract.   The scope of an ESG due diligence is also case-specific and should consider industry and company specifics.   The basis of any ESG due diligence, from both a buyer's and seller's perspective, is the assessment and quality check of a company's ESG-related documentation. This provides information on how a company manages and documents ESG issues and the extent to which it complies with legal requirements.   European ESG frameworks such as the European Sustainability Reporting Standards (#ESRS), the Corporate Sustainability Reporting Directive (#CSRD), the Sustainable Finance Disclosure Regulation (#SFDR), the EU Taxonomy Regulation and the EU Supply Chain Directive (#CSDDD) provide guidance on the selection and collection of data.   For further information and individual advice on ESG and ESG in the context of mergers and acquisitions, please do not hesitate to contact us: https://lnkd.in/ekDT69Zp   #crowegermany #artofsmart #wearecrowe #duediligence #Transaction #Acquisition Crowe Global

The EU has introduced the Carbon Border Adjustment Mechanism (CBAM) to prevent the leakage of GHG emissions and to price CO₂ emissions in the production of imported goods. The CBAM is intended to ensure that the same carbon price is paid for GHG emissions from certain imported goods as in the EU Emissions Trading System (EU ETS), thereby contributing to global climate protection.   Read the full article now: https://lnkd.in/eWYkRT8Y #WeAreCrowe #CroweGermany #CroweMunich #CBAM Kai Peter Künkele, Sanja Mitrovic

Crowe hat die Waldegg Equity Partners GmbH („Waldegg Equity“) erfolgreich bei der Partnerschaft mit eba-consult GmbH („eba-consult“) beraten. Waldegg Equity ist eine eigentümergeführte Beteiligungsgesellschaft mit Sitz in München, die sich langfristig an Unternehmen im Mittelstand beteiligt und diese engagiert bei ihrer Weiterentwicklung unterstützt. Der Fokus liegt auf Investitionen in gesunde, erfolgreiche Unternehmen im deutschsprachigen Raum. Seit mehr als 15 Jahren ist eba-consult ein zuverlässiger Partner der Deutschen Bahn, wenn es um die Überwachung von Baumaßnahmen an der Bahninfrastruktur im Neubau sowie in der Instandhaltung geht. Das Team von eba-consult setzt sich aus erfahrenen Spezialisten zusammen, die in den Bereichen Oberbau, Leit- und Sicherungstechnik, Telekommunikation und Elektrotechnik seit vielen Jahren Projekte der Deutschen Bahn erfolgreich überwachen. Das Team von Crowe BPG (crowe-bpg.de), das für die Financial Due Diligence verantwortlich war, bestand aus Andreas Hoffmann, WP und Partner (Gesamtleitung), Christina Weger (Associate) und Philipp Jans (Associate). Die Tax Due Diligence wurde von Crowe Munich (crowe-kleeberg.de) durchgeführt. Zum Tax Team zählten Dr. Lars Lüdemann, StB und verantwortlicher Partner, und Arzum Esterhammer, StB und Managerin.

This #EarthDay, Crowe reaffirms its commitment to the United Nations Global Compact and to integrate these principles into our business operations and people experiences. It’s not just a commitment – it’s our responsibility to do our part to build a sustainable future for all. Learn more about our purpose and values at Crowe, which guide this commitment. #CroweCares https://bit.ly/3vVwrZv

The integration of #ESG (environmental, social and governance) information into company valuations marks a significant change in the business world. Also the increasing requirements for ESG reporting will have an impact on company valuation. Our expert Hendrik Rathje, CFA ventures a look into the future:   In principle, it can be stated that the impact of ESG aspects on a company’s cash flows and thus on its valuation, had to be taken into account even before the introduction of the current ESG reporting requirements. For example, reputational damage due to child labour has always been a significant earnings risk. The reporting requirements now make this risk more concrete and measurable.   Due to a lack of historical data on ESG parameters, valuers are currently facing the challenge of incorporating future developments in ESG metrics into corporate planning. In order to create adequate expected values for ESG metrics, but also for other corporate risks, the use of 𝗠𝗼𝗻𝘁𝗲 𝗖𝗮𝗿𝗹𝗼 𝘀𝗶𝗺𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 is increasingly becoming a focus of interest.   This is how it works:   The lack of historical data for ESG parameters means that companies have to rely on various expert expectations. These can be translated very well into expected values as part of a Monte Carlo simulation, for example by using so-called triangular distributions. In addition to the ESG expected values, the most likely values for the other opportunity and risk parameters of the subject of valuation must also be defined. The Monte Carlo simulation is then used to aggregate the risk. This means that possible combinations of variables are simulated thousands of times. This makes it possible to consider an extremely wide range of possible future scenarios and to derive a range of enterprise values that are appropriate to the risks involved.   A key benefit of this valuation method, particularly for investors, is a clearer view of the risks taken and a better understanding of the potential risk of loss (conditional value at risk: "What is the largest loss that can occur with a probability of X%?)   In Conclusion: Monte Carlo simulations are increasingly becoming the standard for company valuations, especially for the inclusion of ESG criteria.   For further information and individual advice on ESG, financial sustainability and company valuation, please do not hesitate to contact us: https://lnkd.in/dDzCXuVH   #crowegermany #artofsmart #wearecrowe Crowe Global

Deadline extended to June 30, 2026 - The EU Parliament and the EU Council have agreed to postpone the sector-specific reporting standards (#ESRS) under the Corporate Sustainability Reporting Directive (#CSRD).   The decision to postpone the implementation of the sector-specific CSRD reporting requirement gives companies more time to focus on the general ESRS standards.   The sector-specific reporting requirements will be further refined to meet the needs of different industries. The standards are to be published before the deadline of June 30, 2026.   Read the full article now: https://lnkd.in/e4TNKWUw Prof. Dr. Christian Zwirner, Dr. Corinna Boecker #sustainability #reporting #WeAreCrowe #CroweGermany #CroweMunich

Yesterday a Crowe Germany Partner Meeting took place in Frankfurt. The aim of the regular meetings is the strategic and professional exchange and the further development of cooperation between the German operations. We would like to thank our colleagues from Crowe | BPG Beratungs- und Prüfungsgesellschaft mbH, Dr. Kleeberg & Partner GmbH WPG StBG, MÖHRLE HAPP LUTHER and RWT. #crowegermany #wearecrowe #crowe #crowefrankfurt #team #network 

Read the new post from our colleagues at Crowe Berlin/Hamburg ! #wearecrowe #crowegermany #news #artofsmart

From October 22nd to 24th, our team was live on-site at the Crowe Global Conference 2023, which took place in Washington. Under the theme #Envision, various keynotes focused on the future strategic focus of the global partnership, even stronger collaboration between the members of the network, and how to deal with current changes in technology such as AI or the topic of human resources development. In addition, the incoming CEO of Crowe Global, Kamel Abouchacra, provided great insights into this new chapter of leadership and summarized his vision for the leading position of Crowe as "Working as One." It was great to catch up with so many of our international colleagues again! Annette Groschke, Nicol Marschall, Ingo Köhne, MBA, Jörg Wiegand, Jana Wegner #wearecrowe #crowegermany #workingasone