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Our Hannah Lau told MingPao that companies issued green bond, provided sustainability-linked performance note, accelerate decarbonization of the economy, as well as build up LEED or BEED international standard project, leading to higher valuation. She said, a high ESG scores company usually has a lower systematic risk and cost of capital. Since financial variables such as beta are reflecting systematic risk, if a company with lower beta are usually awarded higher valuation by using DCF model for testing. Ming Pao:


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