NO.PZ2024021802000093
问题如下:
A steel-producing company reports higher carbon intensity compared to its peers. An analyst is most likely to:选项:
A.increase the value of company's corporate debt. B.increase the cost of debt for the company's new project financing. C.assign a higher fair value price-to-earnings (P/E) ratio to the company.解释:
A. Incorrect because high carbon intensity (proved by scope 1 and 2 carbon intensity being both absolute and relative to sector) leads to lower value of corporate debt.
B. Correct because high carbon intensity (proved by scope 1 and 2 carbon intensity being both absolute and relative to sector) leads to increased cost of debt for new project financing.
C. Incorrect because weak ESG performance leads to lowering the price-to-earnings ratio compared to peers. For example, an investor might assign a “fair value P/E” of 16x to a strong ESG company versus 14x for an average ESG company and 12x for a weak ESG company.
您好,
high carbon intensity leads to lower value of corporate debt,为什么不是高碳强度会导致低评分进而产生高风险从而升高负担成本吗?