By: ICN Bureau
Last updated : July 20, 2022 8:59 pm
The speakers for the virtual session are: Manish Panchal, Executive Director - Investment Banking Business, Equirus Capital; Mahavir Lunawat, Founder, Pantomath Group; Nilesh Lele, Founding Partner, RampUp Advisory and Rayomand Sabawalla, Director – Finance, Huntsman India International. The virtual session is moderated by Pravin Prashant, Editor, Indian Chemical News.
Indian Chemical News (ICN), the most credible online media platform for Chemicals, Petrochemicals, and Energy sector, is organizing a virtual session on “Sustainability Driving the M&A” on July 21, 2022 in the second edition of ‘NextGen Chemicals & Petrochemicals Summit 2022’.
The two-day virtual Summit is organised on July 21-22, 2022 and the main theme is "Driving Sustainable Growth." One can register as a delegate for the virtual session by clicking on the link (https://nextgensummit2022.dreamcast.in/signup )
The speakers for the virtual session are: Manish Panchal, Executive Director - Investment Banking Business, Equirus Capital; Mahavir Lunawat, Founder, Pantomath Group; Nilesh Lele, Founding Partner, RampUp Advisory and Rayomand Sabawalla, Director – Finance, Huntsman India International. The virtual session is moderated by Pravin Prashant, Editor, Indian Chemical News.
Major Chemicals and Petrochemicals companies are trimming/giving their portfolio in order to meet its sustainability goals. Earlier, these companies' decisions to shut, divest, acquire, and spin off businesses were motivated by revenue and profitability mainly. Now, these decisions are being taken keeping environmental impact in focus. Institutional investors are also looking at ESG (Environment, Social, and Governance) performance of the companies before buying their stock.
In the last couple of years, we have seen companies like LyondellBasell, Dow, Evonik, Solvay, Lanxess, and others maneuvering their portfolio to achieve sustainability goals. According to BloombergNEF, the Chemical industry will need to outlay a total of US $759 billion by 2050 to nearly eliminate carbon emissions.
With such high levels of capital spending required to reach emission goals, these companies are looking to trim or exit their more carbon-intensive businesses to reduce the amount of investment they will need to meet their targets. The session will discuss if this is the right approach or mere transfer of emissions from one company to another will benefit the environment.
The key discussion points for the session are: Companies maneuvering portfolios to advance decarbonization goals, Growing capital spend towards sustainability, Consumers preference for environmentally responsible products, ESG becoming key element for M&A, Innovative technology/ digital adoption and Reinvention of energy.