Host: Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA, Chaffe & Associates, Inc.
Guest: Randy Priem, Belgian Financial Services and Markets Authority (FSMA), Finance Professor @ University of Antwerp + UBI Business School
Randy Priem is an expert on market infrastructures and financial benchmarks at the Belgian Financial Services and Markets Authority (FSMA). In his white paper (link below) he analyzes the impact of a company’s ESG score on its cost of capital, including if a high ESG score serves as a substitute for a weaker legal environment.
During our interview, we do a deep dive into
The inspiration for the article
Key factors analyzed and data inputs
How can appraisers incorporate into business valuation?
ESG: fad or common sense?
Beware of greenwashing
For Further exploration on this topic:
If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links.
If you are interested in learning more about ESG, check out these AICPA resources:
AICPA’s Fundamentals of ESG Certificate (CPE self-study, 9 credits)
FVS podcast episode #53,
ESG -
Why the Business Valuation Practitioner Should Pay Attention
Additional articles on the AICPA website include:
Resources available as part of FVS Section membership
Randy’s White Paper, “The Impact of a Firm’s ESG Score on Its Cost of Capital: Can a High ESG Score Serve as a Substitute for a Weaker Legal Environment” December 2022
United Nations -
https://unglobalcompact.org/take-action/action/private-sustainability-financeEuropean Commission –
https://finance.ec.europa.eu/sustainable-finance_enEMSA -
IOSCO (International Organization of Securities Commissions)
(the global organization of securities regulators) https://www.iosco.org/news/pdf/IOSCONEWS635.pdf
Financial Stability Board (FSB).
Bank of international settlements
This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. Visit us online at www.aicpa-cima.com/topic/forensic-services, and if you’re not already a member, consider joining this active community of your FVS peers. You’ll get free CPE, and access to rich technical content.
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