{"id":2867,"date":"2022-08-21T18:22:13","date_gmt":"2022-08-21T18:22:13","guid":{"rendered":"https:\/\/www.guiadoemitente.pt\/?p=2867"},"modified":"2022-09-16T07:45:22","modified_gmt":"2022-09-16T07:45:22","slug":"1-4-what-are-investors-looking-for","status":"publish","type":"post","link":"https:\/\/issuers-guide.buzzvel.work\/en\/1-4-what-are-investors-looking-for\/","title":{"rendered":"1.4. What are investors looking for?"},"content":{"rendered":"<style>#kt-layout-id_636ecf-7d > .kt-row-column-wrap{align-content:start;}:where(#kt-layout-id_636ecf-7d > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}#kt-layout-id_636ecf-7d > .kt-row-column-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:var(--global-kb-gap-md, 2rem);max-width:850px;margin-left:auto;margin-right:auto;padding-top:var( --global-kb-row-default-top, 25px );padding-bottom:var( --global-kb-row-default-bottom, 25px );padding-top:10px;padding-bottom:10px;grid-template-columns:minmax(0, 1fr);}#kt-layout-id_636ecf-7d{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}#kt-layout-id_636ecf-7d > .kt-row-layout-overlay{opacity:0.30;}#kt-layout-id_636ecf-7d > .kt-row-column-wrap{z-index:42;position:relative;}#kt-layout-id_636ecf-7d .kt-row-layout-bottom-sep{height:100px;}#kt-layout-id_636ecf-7d .kt-row-layout-bottom-sep svg{width:100%;}#kt-layout-id_636ecf-7d .kt-row-layout-bottom-sep svg{fill:#ffffff!important;}@media all and (max-width: 1024px){#kt-layout-id_636ecf-7d > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 1024px){#kt-layout-id_636ecf-7d .kt-row-layout-bottom-sep{height:px;}}@media all and (max-width: 1024px){#kt-layout-id_636ecf-7d .kt-row-layout-bottom-sep svg{width:%;}}@media all and (max-width: 767px){#kt-layout-id_636ecf-7d > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}#kt-layout-id_636ecf-7d .kt-row-layout-bottom-sep{height:px;}#kt-layout-id_636ecf-7d .kt-row-layout-bottom-sep svg{width:%;}}<\/style>\n<div class=\"wp-block-kadence-rowlayout alignnone\"><div id=\"kt-layout-id_636ecf-7d\" class=\"kt-row-layout-inner kt-layout-id_636ecf-7d\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-gutter-default kt-v-gutter-default kt-row-valign-top kt-row-layout-equal kt-tab-layout-inherit kt-m-colapse-left-to-right kt-mobile-layout-row\"><style>.kadence-column_255d24-b2 > .kt-inside-inner-col{padding-left:16px;padding-right:10px;}.kadence-column_255d24-b2 > .kt-inside-inner-col{min-height:66px;border-color:var(--global-palette1, #3182CE);border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:10px;}.kadence-column_255d24-b2 > .kt-inside-inner-col,.kadence-column_255d24-b2 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_255d24-b2 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_255d24-b2 > .kt-inside-inner-col{flex-direction:column;}.kadence-column_255d24-b2 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_255d24-b2 > .kt-inside-inner-col{background-color:var(--global-palette8, #F7FAFC);}.kadence-column_255d24-b2 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_255d24-b2{position:relative;}@media all and (max-width: 1024px){.kadence-column_255d24-b2 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_255d24-b2 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_255d24-b2\"><div class=\"kt-inside-inner-col\"><style>#kt-layout-id_4adac7-76 > .kt-row-column-wrap{align-content:start;}:where(#kt-layout-id_4adac7-76 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}#kt-layout-id_4adac7-76 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:var(--global-kb-gap-md, 2rem);padding-top:var( --global-kb-row-default-top, 25px );padding-bottom:var( --global-kb-row-default-bottom, 25px );padding-top:var(--global-kb-spacing-sm, 1.5rem);padding-bottom:var(--global-kb-spacing-sm, 1.5rem);grid-template-columns:minmax(0, 1fr);}#kt-layout-id_4adac7-76 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){#kt-layout-id_4adac7-76 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 767px){#kt-layout-id_4adac7-76 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style>\n<div class=\"wp-block-kadence-rowlayout alignnone\"><div id=\"kt-layout-id_4adac7-76\" class=\"kt-row-layout-inner kt-layout-id_4adac7-76\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-gutter-default kt-v-gutter-default kt-row-valign-top kt-row-layout-equal kt-tab-layout-inherit kt-m-colapse-left-to-right kt-mobile-layout-row\"><style>.kadence-column_a7ea38-dd > .kt-inside-inner-col{border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;}.kadence-column_a7ea38-dd > .kt-inside-inner-col,.kadence-column_a7ea38-dd > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_a7ea38-dd > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_a7ea38-dd > .kt-inside-inner-col{flex-direction:column;}.kadence-column_a7ea38-dd > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_a7ea38-dd > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_a7ea38-dd{position:relative;}@media all and (max-width: 1024px){.kadence-column_a7ea38-dd > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_a7ea38-dd > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_a7ea38-dd\"><div class=\"kt-inside-inner-col\">\n<p><\/p>\n\n\n\n<p><em>Investors commit their capital with the expectation of receiving financial returns in companies whose prospects for growth and development are convincing over the investment horizon.<\/em><\/p>\n<\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Investors look for key attractive characteristics in companies, such as\u2026<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n<style>#kt-layout-id_de2879-84 > .kt-row-column-wrap{align-content:start;}:where(#kt-layout-id_de2879-84 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}#kt-layout-id_de2879-84 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:var(--global-kb-gap-md, 2rem);max-width:850px;margin-left:auto;margin-right:auto;padding-top:var( --global-kb-row-default-top, 25px );padding-bottom:var( --global-kb-row-default-bottom, 25px );padding-top:0px;padding-bottom:80px;grid-template-columns:minmax(0, 1fr);}#kt-layout-id_de2879-84 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){#kt-layout-id_de2879-84 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 767px){#kt-layout-id_de2879-84 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style>\n<div class=\"wp-block-kadence-rowlayout alignnone\"><div id=\"kt-layout-id_de2879-84\" class=\"kt-row-layout-inner kt-layout-id_de2879-84\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-gutter-default kt-v-gutter-default kt-row-valign-top kt-row-layout-equal kt-tab-layout-inherit kt-m-colapse-left-to-right kt-mobile-layout-row\"><style>.kadence-column_0f8738-b9 > .kt-inside-inner-col{border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;}.kadence-column_0f8738-b9 > .kt-inside-inner-col,.kadence-column_0f8738-b9 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_0f8738-b9 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_0f8738-b9 > .kt-inside-inner-col{flex-direction:column;}.kadence-column_0f8738-b9 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_0f8738-b9 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_0f8738-b9{position:relative;}@media all and (max-width: 1024px){.kadence-column_0f8738-b9 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_0f8738-b9 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_0f8738-b9\"><div class=\"kt-inside-inner-col\"><style>.kt-tabs-id_103794-a6 > .kt-tabs-content-wrap > .wp-block-kadence-tab{border-top-width:1px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;border-color:var(--global-palette7, #EDF2F7);border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;padding-top:var(--global-kb-spacing-sm, 1.5rem);padding-right:var(--global-kb-spacing-sm, 1.5rem);padding-bottom:var(--global-kb-spacing-sm, 1.5rem);padding-left:var(--global-kb-spacing-sm, 1.5rem);min-height:228px;background:#ffffff;}.wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-title-list li{margin-top:0px;margin-right:5px;margin-bottom:0px;margin-left:0px;margin-right:0px;margin-left:0px;}.wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-title-list li:last-child{margin-right:0px;}.wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-title-list{margin-right:-2px;}.wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-title-list li .kt-tab-title{margin-right:2px;}.wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-title-list li .kt-tab-title, .wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-content-wrap > .kt-tabs-accordion-title .kt-tab-title{line-height:1.5em;font-weight:400;font-style:normal;border-top-width:0px;border-right-width:0px;border-bottom-width:5px;border-left-width:0px;border-top-left-radius:10px;border-top-right-radius:10px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;padding-top:8px;padding-right:10px;padding-bottom:8px;padding-left:10px;color:var(--global-palette6, #718096);background:var(--global-palette7, #EDF2F7);}.wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-content-wrap > .kt-tabs-accordion-title .kt-tab-title{margin-top:0px;margin-right:5px;margin-bottom:0px;margin-left:0px;}.wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-title-list li .kt-tab-title:hover, .wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-content-wrap > .kt-tabs-accordion-title .kt-tab-title:hover{color:var(--global-palette4, #2D3748);background:var(--global-palette9, #ffffff);}.wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-title-list li.kt-tab-title-active .kt-tab-title, .wp-block-kadence-tabs .kt-tabs-id_103794-a6 > .kt-tabs-content-wrap > .kt-tabs-accordion-title.kt-tab-title-active .kt-tab-title{border-color:var(--global-palette9, #ffffff);color:var(--global-palette3, #1A202C);background:var(--global-palette9, #ffffff);}.wp-block-kadence-tabs .kt-tabs-id_103794-a6{max-width:850px;}<\/style>\n<div class=\"wp-block-kadence-tabs aligncenter alignundefined\"><div class=\"kt-tabs-wrap kt-tabs-id_103794-a6 kt-tabs-has-4-tabs kt-active-tab-1 kt-tabs-layout-tabs kt-tabs-tablet-layout-tabs kt-tabs-mobile-layout-accordion kt-tab-alignment-center kt-create-accordion\" style=\"max-width:850px\"><ul class=\"kt-tabs-title-list kb-tabs-list-columns kb-tab-title-columns-5\"><li id=\"tab-brbusinessperformancebrprospects\" class=\"kt-title-item kt-title-item-1 kt-tabs-svg-show-always kt-tabs-icon-side-left kt-tab-title-active\"><a href=\"#tab-brbusinessperformancebrprospects\" data-tab=\"1\" class=\"kt-tab-title kt-tab-title-1 \"><span class=\"kt-title-text\"><br>Business performance <br>prospects<\/span><\/a><\/li><li id=\"tab-brbrfinancialbrfeatures\" class=\"kt-title-item kt-title-item-2 kt-tabs-svg-show-always kt-tabs-icon-side-left kt-tab-title-inactive\"><a href=\"#tab-brbrfinancialbrfeatures\" data-tab=\"2\" class=\"kt-tab-title kt-tab-title-2 \"><span class=\"kt-title-text\"><br><br>Financial <br>features<\/span><\/a><\/li><li id=\"tab-brbrtransparencybrandreputation\" class=\"kt-title-item kt-title-item-3 kt-tabs-svg-show-always kt-tabs-icon-side-left kt-tab-title-inactive\"><a href=\"#tab-brbrtransparencybrandreputation\" data-tab=\"3\" class=\"kt-tab-title kt-tab-title-3 \"><span class=\"kt-title-text\"><br><br>Transparency <br>and reputation<\/span><\/a><\/li><li id=\"tab-environmentalsocialandgovernancefeatures\" class=\"kt-title-item kt-title-item-4 kt-tabs-svg-show-always kt-tabs-icon-side-left kt-tab-title-inactive\"><a href=\"#tab-environmentalsocialandgovernancefeatures\" data-tab=\"4\" class=\"kt-tab-title kt-tab-title-4 \"><span class=\"kt-title-text\">Environmental, Social and Governance features<\/span><\/a><\/li><\/ul><div class=\"kt-tabs-content-wrap\">\n<div class=\"wp-block-kadence-tab kt-tab-inner-content kt-inner-tab-1 kt-inner-tab_698cfd-ae\"><div class=\"kt-tab-inner-content-inner\"><style>#kt-layout-id_9c004a-2a > .kt-row-column-wrap{align-content:center;}:where(#kt-layout-id_9c004a-2a > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:center;}#kt-layout-id_9c004a-2a > .kt-row-column-wrap{column-gap:var(--global-kb-gap-lg, 4rem);row-gap:var(--global-kb-gap-md, 2rem);padding-top:var( --global-kb-row-default-top, 25px );padding-bottom:var( --global-kb-row-default-bottom, 25px );padding-top:12px;padding-bottom:26px;grid-template-columns:minmax(0, 1fr);}#kt-layout-id_9c004a-2a > .kt-row-layout-overlay{opacity:0.30;}#kt-layout-id_9c004a-2a .kt-row-layout-bottom-sep{height:100px;}#kt-layout-id_9c004a-2a .kt-row-layout-bottom-sep svg{width:100%;}#kt-layout-id_9c004a-2a .kt-row-layout-bottom-sep svg{fill:#ffffff!important;}@media all and (max-width: 1024px){#kt-layout-id_9c004a-2a > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 1024px){#kt-layout-id_9c004a-2a .kt-row-layout-bottom-sep{height:px;}}@media all and (max-width: 1024px){#kt-layout-id_9c004a-2a .kt-row-layout-bottom-sep svg{width:%;}}@media all and (max-width: 767px){#kt-layout-id_9c004a-2a > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}#kt-layout-id_9c004a-2a .kt-row-layout-bottom-sep{height:px;}#kt-layout-id_9c004a-2a .kt-row-layout-bottom-sep svg{width:%;}}<\/style>\n<div class=\"wp-block-kadence-rowlayout alignnone\"><div id=\"kt-layout-id_9c004a-2a\" class=\"kt-row-layout-inner kt-layout-id_9c004a-2a\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-gutter-wider kt-v-gutter-default kt-row-valign-middle kt-row-layout-equal kt-tab-layout-inherit kt-m-colapse-left-to-right kt-mobile-layout-row\"><style>.kadence-column_16588a-e8 > .kt-inside-inner-col{border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;}.kadence-column_16588a-e8 > .kt-inside-inner-col,.kadence-column_16588a-e8 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_16588a-e8 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_16588a-e8 > .kt-inside-inner-col{flex-direction:column;}.kadence-column_16588a-e8 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_16588a-e8 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_16588a-e8{position:relative;}@media all and (max-width: 1024px){.kadence-column_16588a-e8 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_16588a-e8 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_16588a-e8\"><div class=\"kt-inside-inner-col\">\n<p><strong>High Growth Potential<\/strong> \u2013 Investors are attracted by companies with high growth potential. Although a Company&#8217;s growth can be measured in many ways, the first thing investors assess is the growth the Company is able to achieve by conducting its commercial activity, i.e. organic growth.<\/p>\n\n\n\n<p>Companies with a track-record of high organic growth potential and looking to explore growth opportunities will attract investors, given consistent and sustainable organic growth is a good indicator of the business potential to reach higher future valuations.<\/p>\n\n\n\n<p>Present and expected earnings are an aspect investors and analysts focus on. A Company&#8217;s earnings are influenced by various factors, including operational expenses, financing, assets, and liabilities. Investors often use metrics as Return on Equity (ROE) and Return on invested capital (ROIC) to measure\u2019s the Company\u2019s profitability relative to other investment alternatives. These types of measures are employed to assess a Company&#8217;s efficiency at allocating the capital to profitable investments and accordingly they provide a valuable insight regarding how well a Company is employing its capital to create value. Investors favour companies with higher ROE and ROIC as these are more lucrative.<\/p>\n\n\n\n<p><strong>Industry<\/strong> \u2013 Some investors specialize in specific industries and are more willing to invest on companies that operate in those industries. Additionally, some industries are more inherently attractive. Industry attractiveness depends on a number of factors but it is worth considering that when evaluating the industry attractiveness, investors analyze the following factors:<\/p>\n\n\n<style>.wp-block-kadence-iconlist.kt-svg-icon-list-items_b57232-79:not(.this-stops-third-party-issues){margin-top:0px;margin-bottom:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list:not(.this-prevents-issues):not(.this-stops-third-party-issues):not(.tijsloc){margin-top:0px;margin-right:0px;margin-bottom:var(--global-kb-spacing-sm, 1.5rem);margin-left:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list{grid-row-gap:5px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-item-wrap .kt-svg-icon-list-single{margin-right:10px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-0 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-1 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-2 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-3 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-4 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-5 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-6 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-7 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_b57232-79 ul.kt-svg-icon-list .kt-svg-icon-list-level-8 .kt-svg-icon-list-single svg{font-size:20px;}<\/style>\n<div class=\"wp-block-kadence-iconlist kt-svg-icon-list-items kt-svg-icon-list-items_b57232-79 kt-svg-icon-list-columns-1 alignnone\"><ul class=\"kt-svg-icon-list\"><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-0 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Long run growth rate forecasted for the industry<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-1 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Industry size and market share among competitors<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-2 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Attractiveness of the industry (e.g. as measured by Porter\u2019s 5 forces analysis)<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-3 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Regulatory environment<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-4 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Changes in demand<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-5 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Trend of prices<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-6 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Seasonality<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-7 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Availability of labour<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-8 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Market segmentation<\/span><\/li><\/ul><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-tab kt-tab-inner-content kt-inner-tab-2 kt-inner-tab_0bd3f6-bc\"><div class=\"kt-tab-inner-content-inner\"><style>#kt-layout-id_15af23-78 > .kt-row-column-wrap{align-content:center;}:where(#kt-layout-id_15af23-78 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:center;}#kt-layout-id_15af23-78 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-lg, 4rem);row-gap:var(--global-kb-gap-md, 2rem);padding-top:var( --global-kb-row-default-top, 25px );padding-bottom:var( --global-kb-row-default-bottom, 25px );padding-top:12px;grid-template-columns:minmax(0, 1fr);}#kt-layout-id_15af23-78 > .kt-row-layout-overlay{opacity:0.30;}#kt-layout-id_15af23-78 .kt-row-layout-bottom-sep{height:100px;}#kt-layout-id_15af23-78 .kt-row-layout-bottom-sep svg{width:100%;}#kt-layout-id_15af23-78 .kt-row-layout-bottom-sep svg{fill:#ffffff!important;}@media all and (max-width: 1024px){#kt-layout-id_15af23-78 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 1024px){#kt-layout-id_15af23-78 .kt-row-layout-bottom-sep{height:px;}}@media all and (max-width: 1024px){#kt-layout-id_15af23-78 .kt-row-layout-bottom-sep svg{width:%;}}@media all and (max-width: 767px){#kt-layout-id_15af23-78 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}#kt-layout-id_15af23-78 .kt-row-layout-bottom-sep{height:px;}#kt-layout-id_15af23-78 .kt-row-layout-bottom-sep svg{width:%;}}<\/style>\n<div class=\"wp-block-kadence-rowlayout alignnone\"><div id=\"kt-layout-id_15af23-78\" class=\"kt-row-layout-inner kt-layout-id_15af23-78\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-gutter-wider kt-v-gutter-default kt-row-valign-middle kt-row-layout-equal kt-tab-layout-inherit kt-m-colapse-left-to-right kt-mobile-layout-row\"><style>.kadence-column_2cde2a-11 > .kt-inside-inner-col{border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;}.kadence-column_2cde2a-11 > .kt-inside-inner-col,.kadence-column_2cde2a-11 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_2cde2a-11 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_2cde2a-11 > .kt-inside-inner-col{flex-direction:column;}.kadence-column_2cde2a-11 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_2cde2a-11 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_2cde2a-11{position:relative;}@media all and (max-width: 1024px){.kadence-column_2cde2a-11 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_2cde2a-11 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_2cde2a-11\"><div class=\"kt-inside-inner-col\">\n<p><strong>Sustainable leverage levels<\/strong> \u2013 Compared with other funding alternatives, debt is a cheap source of financing. This is accentuated by the fact that interest are deductible for tax purposes. However, high leverage increases the Company\u2019s probability of default, namely when the market reverses the positive cycle, which in its turn will increase the cost of new debt. The growing indebtedness of a company is proportionally linked to less flexibility in its financial management and in the balance that must exist between debt and equity.<\/p>\n\n\n\n<p>Even though the adequate leverage level depends on factors which are intrinsic to the Company, investors will compare the leverage of the Company with the average leverage of the industry, as an exercise to assess financial risk.<\/p>\n\n\n\n<p>While some industries tend to have higher levels of debt (e.g. capital intensive companies with more predictable revenues or more mature businesses, such as utility providers), in other industries a high level of leverage is perceived as excessive financial risk for potential investors. To assure adequate levels of debt, ratios such as debt service coverage ratio, Debt\/Equity and Debt\/EBITDA must be analysed and compared with similar companies.<\/p>\n\n\n\n<p><strong>(Stable) Cash flow<\/strong> <strong>stream<\/strong> &#8211; Well managed companies, able to convert earnings into cash on a regular basis. Investors tend to privilege investing in companies with a stable cash-flow stream, especially if generated by recurring operating activity. For investors, a stable cash flow stream is often more valuable than earnings for the following reasons:<\/p>\n\n\n<style>.wp-block-kadence-iconlist.kt-svg-icon-list-items_aaf4ae-44:not(.this-stops-third-party-issues){margin-top:0px;margin-bottom:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list:not(.this-prevents-issues):not(.this-stops-third-party-issues):not(.tijsloc){margin-top:0px;margin-right:0px;margin-bottom:20px;margin-left:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list{grid-row-gap:5px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-item-wrap .kt-svg-icon-list-single{margin-right:10px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-0 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-1 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-2 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-3 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-4 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-5 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-6 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-7 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-8 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-9 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-10 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_aaf4ae-44 ul.kt-svg-icon-list .kt-svg-icon-list-level-11 .kt-svg-icon-list-single svg{font-size:20px;}<\/style>\n<div class=\"wp-block-kadence-iconlist kt-svg-icon-list-items kt-svg-icon-list-items_aaf4ae-44 kt-svg-icon-list-columns-1 alignnone\"><ul class=\"kt-svg-icon-list\"><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-0 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\"><em>Cash flow is more reliable than earnings and profits<\/em>:<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-1 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">While profits, as reported in the Income Statement are subject to accounting policies, namely revenue and cost recognition practices, cash flow is much harder to adulterate, thus providing a more reliable indication of the business capability to generate cash. <\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-2 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">This ability to generate cash, signals to investor that the Company will be able to grow organically and fund the investment needed to achieve growth prospects, making the Company a more attractive investment.<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-3 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-4 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-5 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\"><em>Cash flow allows the Company to fund its own growth\/expansion<\/em>:<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-6 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">The ability to generate cash also signals to investor that the Company will be able to grow organically and fund the investment needed to achieve growth prospects, making the Company a more attractive investment.<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-7 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-8 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-9 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\"><em>Cash flow provides liquidity to pay dividends<\/em>:<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-10 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">For investors who favour a stable and recurring dividend payout, a stable cash flow stream signals that the Company will have the means (liquidity) to adhere to a highly predictable and stable dividend payout. For some investors this is key, because it enables them to be remunerated for their investment throughout the investment period, without having to sell shares.<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-11 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><\/ul><\/div>\n\n\n\n<p>Companies may improve their cash flow generating capabilities by:<\/p>\n\n\n<style>.wp-block-kadence-iconlist.kt-svg-icon-list-items_056e1e-04:not(.this-stops-third-party-issues){margin-top:0px;margin-bottom:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_056e1e-04 ul.kt-svg-icon-list:not(.this-prevents-issues):not(.this-stops-third-party-issues):not(.tijsloc){margin-top:0px;margin-right:0px;margin-bottom:var(--global-kb-spacing-sm, 1.5rem);margin-left:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_056e1e-04 ul.kt-svg-icon-list{grid-row-gap:5px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_056e1e-04 ul.kt-svg-icon-list .kt-svg-icon-list-item-wrap .kt-svg-icon-list-single{margin-right:10px;}.kt-svg-icon-list-items_056e1e-04 ul.kt-svg-icon-list .kt-svg-icon-list-level-0 .kt-svg-icon-list-single svg{font-size:6px;}.kt-svg-icon-list-items_056e1e-04 ul.kt-svg-icon-list .kt-svg-icon-list-level-1 .kt-svg-icon-list-single svg{font-size:6px;}.kt-svg-icon-list-items_056e1e-04 ul.kt-svg-icon-list .kt-svg-icon-list-level-2 .kt-svg-icon-list-single svg{font-size:6px;}.kt-svg-icon-list-items_056e1e-04 ul.kt-svg-icon-list .kt-svg-icon-list-level-3 .kt-svg-icon-list-single svg{font-size:6px;}<\/style>\n<div class=\"wp-block-kadence-iconlist kt-svg-icon-list-items kt-svg-icon-list-items_056e1e-04 kt-svg-icon-list-columns-1 alignnone\"><ul class=\"kt-svg-icon-list\"><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-0 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fas_circle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 512 512\" height=\"6\" width=\"6\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Organic growth<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-1 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fas_circle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 512 512\" height=\"6\" width=\"6\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Increase operating margin through cost management<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-2 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fas_circle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 512 512\" height=\"6\" width=\"6\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Restructuring<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-3 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fas_circle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 512 512\" height=\"6\" width=\"6\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Working capital management<\/span><\/li><\/ul><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-tab kt-tab-inner-content kt-inner-tab-3 kt-inner-tab_bc21a7-ed\"><div class=\"kt-tab-inner-content-inner\"><style>#kt-layout-id_eb3689-3c > .kt-row-column-wrap{align-content:center;}:where(#kt-layout-id_eb3689-3c > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:center;}#kt-layout-id_eb3689-3c > .kt-row-column-wrap{column-gap:var(--global-kb-gap-lg, 4rem);row-gap:var(--global-kb-gap-md, 2rem);padding-top:var( --global-kb-row-default-top, 25px );padding-bottom:var( --global-kb-row-default-bottom, 25px );padding-top:11px;grid-template-columns:minmax(0, 1fr);}#kt-layout-id_eb3689-3c > .kt-row-layout-overlay{opacity:0.30;}#kt-layout-id_eb3689-3c .kt-row-layout-bottom-sep{height:100px;}#kt-layout-id_eb3689-3c .kt-row-layout-bottom-sep svg{width:100%;}#kt-layout-id_eb3689-3c .kt-row-layout-bottom-sep svg{fill:#ffffff!important;}@media all and (max-width: 1024px){#kt-layout-id_eb3689-3c > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 1024px){#kt-layout-id_eb3689-3c .kt-row-layout-bottom-sep{height:px;}}@media all and (max-width: 1024px){#kt-layout-id_eb3689-3c .kt-row-layout-bottom-sep svg{width:%;}}@media all and (max-width: 767px){#kt-layout-id_eb3689-3c > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}#kt-layout-id_eb3689-3c .kt-row-layout-bottom-sep{height:px;}#kt-layout-id_eb3689-3c .kt-row-layout-bottom-sep svg{width:%;}}<\/style>\n<div class=\"wp-block-kadence-rowlayout alignnone\"><div id=\"kt-layout-id_eb3689-3c\" class=\"kt-row-layout-inner kt-layout-id_eb3689-3c\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-gutter-wider kt-v-gutter-default kt-row-valign-middle kt-row-layout-equal kt-tab-layout-inherit kt-m-colapse-left-to-right kt-mobile-layout-row\"><style>.kadence-column_6e0244-90 > .kt-inside-inner-col{border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;}.kadence-column_6e0244-90 > .kt-inside-inner-col,.kadence-column_6e0244-90 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column_6e0244-90 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column_6e0244-90 > .kt-inside-inner-col{flex-direction:column;}.kadence-column_6e0244-90 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column_6e0244-90 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column_6e0244-90{position:relative;}@media all and (max-width: 1024px){.kadence-column_6e0244-90 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column_6e0244-90 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column inner-column-1 kadence-column_6e0244-90\"><div class=\"kt-inside-inner-col\">\n<p><strong>Accounting records<\/strong> \u2013 Investors rely on the Company\u2019s disclosed Financial Statements accounts for their assessment of the Company as an investment prospect, thus high quality accounting is a <em>sine qua non<\/em> condition.<\/p>\n\n\n\n<p><strong>Investors\u2019 relations<\/strong> &#8211; Communication can take many forms, from meetings with potential investors, news releases, annual reports and setting up and maintaining your Company website. The messaging across all channels should be the same and the sole goal is to inform stakeholders about the Company so that they can gain a better understanding about the business, the strategy, governance, financial performance and prospects. In this digital age, there are many methods of communication which can be used for establishing your presence with potential investors.<\/p>\n\n\n\n<p>As a Company is preparing for an IPO\u2014and especially after an IPO\u2014the Investor Relations will play a prominent role in keeping the Company highly valued. If a Company doesn\u2019t already have a dedicated investor relations team, then building one should be a priority whether the Company is pre or post IPO. There are several best practices that IR teams should follow:<\/p>\n\n\n<style>.wp-block-kadence-iconlist.kt-svg-icon-list-items_dd6dda-93:not(.this-stops-third-party-issues){margin-top:0px;margin-bottom:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list:not(.this-prevents-issues):not(.this-stops-third-party-issues):not(.tijsloc){margin-top:0px;margin-right:0px;margin-bottom:var(--global-kb-spacing-sm, 1.5rem);margin-left:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list{grid-row-gap:5px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-item-wrap .kt-svg-icon-list-single{margin-right:10px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-0 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-1 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-2 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-3 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-4 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-5 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-6 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-7 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-8 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_dd6dda-93 ul.kt-svg-icon-list .kt-svg-icon-list-level-9 .kt-svg-icon-list-single svg{font-size:20px;}<\/style>\n<div class=\"wp-block-kadence-iconlist kt-svg-icon-list-items kt-svg-icon-list-items_dd6dda-93 kt-svg-icon-list-columns-1 alignnone\"><ul class=\"kt-svg-icon-list\"><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-0 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Knowing Your Investors <\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-1 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">This means knowing how to communicate with the different types of investors.<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-2 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-3 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-4 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Managing Expectations Properly <\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-5 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">In most cases, an IR team is primarily responsible for managing the expectations of investors (institutional, retail, analysts). Expectations are key to investors, who are usually investing because of their belief in a specific future. Not managing these expectations well could lead to unrealistic or excessive scenarios (positive or negative), which could generate lack of credibility and trust. Thus, it is important for companies to have a high degree of awareness about exactly the type of expectations they are creating with every public statement.<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-6 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-7 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-8 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Building Credibility Through Transparency <\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-9 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">IR teams need to develop good long-term relationships with investors (institutional, retail, analysts). This is done by giving information promptly and by staying available to answer questions and concerns. An IR team\u2019s job is to keep the investors\u2019 trust (through the bad times), and realistic during the good times. By doing so, long-term relationships of trust can be built, which will hopefully lead to higher and more efficient prices over time.<\/span><\/li><\/ul><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-tab kt-tab-inner-content kt-inner-tab-4 kt-inner-tab_6803b7-b7\"><div class=\"kt-tab-inner-content-inner\">\n<p>The integration of Environmental, Social and Governance (ESG) features in the Company\u2019s business enables the Company and its investors to assess the wider impact of its operations and long-term strategy.<\/p>\n\n\n\n<p>Investors are becoming increasingly aware of the benefits of ESG investments, and as a consequence, their requirements and expectations of Issuers are increasing. Issuers, looking to improve access to capital and avoid negative activist situations, are expected to build their own ESG roadmap to disclose to investors real and measured KPIs. A relevant ESG strategy leverages the right narrative and ensures long-term financing.<\/p>\n\n\n\n<p>Investors increasingly expect companies to recognise and address, in an accountable way, the short, medium and long-term risks and opportunities in relation to ESG factors that impact long-term value creation. In parallel, Asset Managers consider in their investment criteria, incorporating ESG factors into investment decision-making, and by supporting the allocation of capital to sustainable initiatives.<\/p>\n\n\n\n<p>Early adoption of good governance practices primes companies to respond more effectively to the expectations of their various stakeholders (shareholders, employees, civil society, etc.), as well as increasing their visibility.<\/p>\n\n\n\n<p>Here are some of the main points to consider:<\/p>\n\n\n<style>.wp-block-kadence-iconlist.kt-svg-icon-list-items_2c97f1-7b:not(.this-stops-third-party-issues){margin-top:0px;margin-bottom:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list:not(.this-prevents-issues):not(.this-stops-third-party-issues):not(.tijsloc){margin-top:0px;margin-right:0px;margin-bottom:20px;margin-left:0px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list{grid-row-gap:5px;}.wp-block-kadence-iconlist.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-item-wrap .kt-svg-icon-list-single{margin-right:10px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-0 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-1 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-2 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-3 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-4 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-5 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-6 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-7 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-8 .kt-svg-icon-list-single svg{font-size:20px;}.kt-svg-icon-list-items_2c97f1-7b ul.kt-svg-icon-list .kt-svg-icon-list-level-9 .kt-svg-icon-list-single svg{font-size:20px;}<\/style>\n<div class=\"wp-block-kadence-iconlist kt-svg-icon-list-items kt-svg-icon-list-items_2c97f1-7b kt-svg-icon-list-columns-1 alignnone\"><ul class=\"kt-svg-icon-list\"><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-0 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Diversity is key<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-1 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">Diversity is a carefully monitored criteria in good governance practices. In addition to diversity of skills, profiles, personal and from the governance bodies, the proportion of women in managing bodies is also being considered.<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-2 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-3 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-4 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Executive pay<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-5 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">Executive pay has become a subject of debate between Issuers and investors. Investors have high expectations in this area. They expect, in particular, increased transparency on variable pay criteria and internal pay gaps. Furthermore, in most listed European companies, ESG criteria are used when calculating the variable portion of executive pay.<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-6 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-7 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\"><\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-8 kt-svg-icon-list-level-0\"><div style=\"display:inline-flex;justify-content:center;align-items:center\" class=\"kt-svg-icon-list-single kt-svg-icon-list-single-fe_checkCircle\"><svg style=\"display:inline-block;vertical-align:middle\" viewBox=\"0 0 24 24\" height=\"20\" width=\"20\" fill=\"none\" stroke=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M22 11.08V12a10 10 0 1 1-5.93-9.14\"><\/path><polyline points=\"22 4 12 14.01 9 11.01\"><\/polyline><\/svg><\/div><span class=\"kt-svg-icon-list-text\">Increasing engagement in environmental and social transition<\/span><\/li><li class=\"kt-svg-icon-list-style-default kt-svg-icon-list-item-wrap kt-svg-icon-list-item-9 kt-svg-icon-list-level-0\"><span class=\"kt-svg-icon-list-text\">Investors are increasingly holding the management bodies of the Companies accountable, both on environmental issues and social responsibility. Studies have shown that the more a Company applies ESG considerations, the better its share price performs.<\/span><\/li><\/ul><\/div>\n\n\n\n<p>Many private companies, especially start-ups, may lack the resources and expertise to develop and implement a strategy to manage ESG risks and opportunities. In such cases, companies may consider, among others,&nbsp;shifting existing staff into ESG-focused roles to develop internal expertise. Corporates may also consider working with consultants to jump-start a sustainability strategy.<\/p>\n<\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors commit their capital with the expectation of receiving financial returns in companies whose prospects for growth and development are convincing over the investment horizon. Investors look for key attractive characteristics in companies, such as\u2026<\/p>\n","protected":false},"author":1,"featured_media":9953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-2867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-why-capital-markets-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/2867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/comments?post=2867"}],"version-history":[{"count":18,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/2867\/revisions"}],"predecessor-version":[{"id":9916,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/posts\/2867\/revisions\/9916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/media\/9953"}],"wp:attachment":[{"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/media?parent=2867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/categories?post=2867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/issuers-guide.buzzvel.work\/en\/wp-json\/wp\/v2\/tags?post=2867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}