The overwhelming takeaway is that ESG and climate risk have emerged as essential M&A driver for the foreseeable future. Understanding the risks, a company faces is vital to lenders and investors, who need to decide if it is safe to provide them with loans, back their bonds or buy their assets. We think this disruption will move even faster and be broader than digital transformation of 1990s. Climate risk data will soon become as important as credit, liquidity and other financial risk analyses, and the Security Exchange Commission proposed disclosure guidelines represent a strategic catalyst for green growth investment going forward.