By Nidhi Pandit Environmental, Social, and Governance (ESG) criteria has become a central pillar in evaluating any new M&A targets for many companies. As per M&A barometer 2023, dealmaking in the ESG space is increasing even in this volatile environment with a cumulative of US$ 15 billion invested in 2022. The integration of ESG measures into investment decisions determines the long-term shareholder’s value. This article explores how ESG factors impacts the M&A decisions and eventually long term impact.