RiskHorizon, created by Anthesis, is a purpose made tool for use in the environmental due diligence (EDD) process. It is specifically aimed at helping legal advisors, investors, acquirers, finance professionals and deal makers identify the material ESG risks and opportunities at an early stage of the deal cycle and take full account of the relevant issues throughout the transaction life cycle.
With transaction timelines routinely being compressed, not all risk or opportunity issues can be fully evaluated and quantified during the due diligence period.
With risk issues, the SPA may have been agreed with provisions to further evaluate an issue, for instance the potential presence and extent of contamination or asbestos containing materials or the possible requirement for a pollution abatement upgrade. There may be an agreement for any mitigation or remediation requirements to be paid for by one or both parties, or drawn from an escrow or similar.
Anthesis is experienced at working within such arrangements, often within specific expedited timelines and a requirement to work with regulators and other third parties, and in a transparent arrangement with both parties.
Inversely, Anthesis always seeks to identify potential opportunity areas when assessing target businesses during the due diligence period, for instance related to energy efficiency or waste minimisation.
However, timelines and access to data and appropriate staff are rarely sufficient to allow these issues to be fully evaluated prior to completion. Post-acquisition, Anthesis routinely works with management teams to fully evaluate these opportunity areas, assessing their feasibility, likely costs and benefits and related pay back periods.
Anthesis brings to this process extensive experience of working with industrial clients to deliver site operational process improvement, with our involvement routinely extending to arranging alternative financing options.
I have worked with Anthesis for many years. They have a depth of ESG understanding and expertise, allowing real analysis and advice on the emerging issues that are becoming increasingly material to our clients. What sets them apart is their willingness and ability to apply this, together with technology solutions, to enhance the quality and speed of their reporting.
We wanted the ESG screen as we were keen to understand the definition of ESG and to see the criteria you would be using. We were also interested to see how others would view us through this lens. The Anthesis screen provided us a with a “mirror”. The value to Neste was that it confirmed we are on a right track to addressing ESG issues. It also helped us to identify some potential improvement opportunities, several of which we are working on, and others that warrant further evaluation.
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