企業併購之ESG趨勢探討：創新產業案例分析

Abstract

本論文主要探討創新類型產業透過企業併購作為企業成長動能及營運決策戰略的重要性，以及在企業併購過程中對於ESG議題的應用及趨勢，特別是透過再生能源（離岸風電）、社群平台和虛擬貨幣等創新領域的具體併購案例分析，著眼在創新產業的商業模式特殊性下，如何透過企業併購壯大及結盟、組成產業生態系並建置企業防禦及攻擊的護城河，於此同時，並應兼顧ESG等永續指標的具體落實，協助企業在環境保護、社會責任和公司治理等各方面實現ESG目標。 研究中提到，企業在併購時應考慮其對ESG指標的貢獻甚至透過企業併購達成其遵循ESG的目標，舉例言之，企業可以透過併購符合ESG目標的企業以減少碳足跡或提升社會責任，包括綠能、再生能源、低碳技術、電動車、可回收材料、普惠金融及循環經濟等產業領域，不僅可回應全球在永續發展上的趨勢，亦有助於企業開拓新市場並創造新的收益來源。此外，併購具有創新科技力和數位轉型能力的企業，亦能夠為併購企業帶來技術創新和業務革新，這對於推動企業的永續發展目標具有重要意義，而併購過程中的透明度和公司治理也是重要考量因素。 再生能源領域的併購案例顯示，這類交易有助於企業獲取先進技術，加速向綠色能源轉型，同時亦可獲得金融業資金支持。社群平台的併購案例則突顯企業透過收購來擴展其數據資源和開發新型態APP運用潛力。虛擬貨幣領域併購則反映金融科技的快速發展和對創新支付解決方案的需求。而企業在考慮併購時，除業務擴展及獲利目標外，應全面評估目標公司的ESG表現，並制定明確的策略來整合併購後的資源，實現長期的永續發展目標。

This thesis primarily investigates the significance of corporate mergers and acquisitions in the growth and operational decisions of innovative industries, focusing on the application and trends of ESG (Environmental, Social, and Governance) issues within the merger and acquisition process. Through detailed case studies in innovative fields such as renewable energy (offshore wind power), social media platforms, and virtual currencies, the research delves into how mergers and acquisitions can strengthen and ally businesses, form industry ecosystems, and establish defensive and offensive moats under the unique business models of innovative industries. It emphasizes the necessity of integrating ESG indicators to assist companies in achieving their goals in environmental protection, social responsibility, and corporate governance.

The study highlights that companies should consider their contributions to ESG indicators during mergers and acquisitions, using them as a means to fulfill their ESG commitments. For instance, companies can reduce their carbon footprint or enhance social responsibility by acquiring businesses that align with ESG goals, including industries like green energy, renewable resources, low-carbon technologies, electric vehicles, recyclable materials, inclusive finance, and circular economy. Such acquisitions not only respond to global sustainable development trends but also help companies explore new markets and generate new revenue sources. Moreover, acquiring companies with innovative technological strength and digital transformation capabilities can bring technological innovation and business renewal, which are crucial for driving a company's sustainable development goals. Transparency and corporate governance in the acquisition process are also vital considerations.

Renewable energy acquisition cases show that such transactions help companies acquire advanced technologies and accelerate the transition to green energy, potentially securing financial industry support. Social media platform acquisition cases underline how companies can expand their data resources and develop potential new app applications through acquisitions. In contrast, virtual currency acquisitions reflect the rapid development of financial technology and the demand for innovative payment solutions. Companies should thoroughly evaluate the ESG performance of target companies when considering acquisitions, developing clear strategies to integrate resources post-acquisition to achieve long-term sustainable development goals.