Accounting for ESG Risks in the Discount Rate for Business Valuation

The research is aimed at developing tools for determining and justifying specific ESG risks the purpose of accounting projected cash flows in discount rate business valuation. A study modern methods, standards publications this area has been conducted, need their refinement development practical use determined.
 used results works by foreign domestic authors, as well own professional experience. authors general scientific methods cognition, such classification, logical system analysis, typology generalization.
 proposed are substantiating, supplementing clarifying model (CAPM) introducing additional coefficients that take into account influence factors. article proposes a scoring assessing on point scale subsequent translation correction using method expert assessments, which already allow them to be applied practice today. based data from literary sources, demonstrated example.
 author’s tool designed provide analysts, appraisers experts with qualitative justification calculation associated factors when evaluating business. It also assumed will serve one criteria managing value, allowing measures reduce increase company capitalization.