C选项

问题如下：

Which of the following statements concerning ESG integration is most likely correct?

选项：

A.

In equity analysis, ESG integration is generally focused on mitigating downside risk

B.

In fixed-income analysis, ESG integration is used to both identify potential opportunities and mitigate downside risk

C.

For equities, valuation adjustments often include adjusting a company’s cost of capital using the discount rate or a multiple of price or terminal value

解释：

C is correct.

A is incorrect. In equity analysis, ESG integration is used to both identify potential opportunities and mitigate downside risk.

B is incorrect. In fixed-income analysis, ESG integration is generally focused on mitigating downside risk.