In today’s briefing:
- Bharat Petroleum – ESG Report – Lucror Analytics
- Meaningful If “P/B Below 1x” Is a Change of Mindset that Makes Managers Decide to Take an MBO
Bharat Petroleum – ESG Report – Lucror Analytics
Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We view Bharat Petroleum’s ESG as “Adequate”, in line with its Environmental, Social and Governance scores. Controversies are “Material”, but Disclosure is “Adequate”.
Meaningful If “P/B Below 1x” Is a Change of Mindset that Makes Managers Decide to Take an MBO
- Although it’s important that the quality of companies be maintained and improved through metabolism, the number of listed companies has consistently increased due to the many IPOs and few delistings.
- Many founders used IPOs as a tax-saving measure, and many managers were not thoughtful enough to increase shareholder profits, which is why there were many IPOs and few delistings.
- Delisting through MBO or TOB for parent and subsidiary listed subsidiaries is much more effective than “TSE request” in reducing the number of companies with P/B below 1x.
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