Showing 57 results
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June 22, 2021On June 22, Everest Group hosted a webinar titled, "Digital for Good: Shape Your Sustainability Journey." Businesses play a vital role in the economy by creating jobs, fostering innovation, and providing essential goods and services. In recent years, we’ve seen a significant increase in sustainability reporting by large organizations but struggle to make it about competitive advantage. With factors like people/social and planet/environment, organizations are looking to digital technologies to improve innovation and to help integrate sustainability initiatives into their core operating model. In this webinar, our experts discussed the current sustainability landscape, including: Where are organizations in terms of sustainability maturity How are organizations combining sustainability with digital transformation in 2021 and into 2022 Which specific sustainability segments are seeing the most traction What is the impact on sourcing, talent, data, cloud, and technology strategies How are companies, service providers and vendors, and governments responding to new sustainability trends
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July 30, 2021Banking, Financial Services, and Insurance (BFSI) firms are under increasing pressure to operate sustainably and be mindful of their economic, social, and environmental impact. Regulatory push, changing demographics, risk mitigation, and surge in brand equity have driven BFSI firms’ focus on sustainability, which has further been accelerated by COVID-19, emphasizing the importance of sustainable investments during uncertain times. In fact, sustainability has become a board-level agenda and is likely to drive the next-best action for every strategic decision-making – business, people, process, experience, operations, products, and channels. As BFSI firms work toward becoming future-ready, purpose-driven organizations, it will be vital to measure the impact of sustainable efforts, with focus on Environmental, Social, and Governance (ESG) metrics. To cater to the increasing need, the ESG provider ecosystem is expanding at an exponential rate, with ESG Data and Analytics (D&A) providers helping to bridge the data gap, the biggest roadblock to sustainability-led transformation. In this research, we examine the ESG D&A provider landscape by studying the offerings, data coverage, and technology maturity of 18 ESG D&A providers and highlight the potential of ecosystem partnerships for BFSI firms. The D&A providers include large firms that have historically provided financial research (market), small to mid-sized firms offering ESG-related data and services as their core offering (exclusives), and niche firms supporting one or more aspects of the ESG spectrum (specialists). Scope Industry: BFSI Geography: global The research is based on Everest Group’s interactions with leading D&A providers in ESG, RFI processes with the providers, and an ongoing analysis of sustainability in the BFSI market Content This report studies: Key drivers for BFSI firms’ increasing focus on sustainability The sustainability maturity continuum for BFSI firms Major challenges that BFSI firms face as they advance on their journeys to become purpose-driven organizations The ESG data, technology, and IT services vendor landscape for BFSI firms The offerings and capability maturity of 18 ESG D&A providers Everest Group’s outlook on trends shaping the ESG D&A provider landscape Membership(s) Banking Information Technology Sourcing and Vendor Management
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Oct. 08, 2021COVID-19 has compelled organizations to take a hard look at their business models and associated societal license to operate. Organizations recognize that they cannot go about their businesses in isolation from their people, society, and environment. CFOs and finance leaders need to play a key role in ensuring that Environment, Social, and Governance (ESG) considerations are a part of their companies’ core strategies and integrate them into business decision-making. As a finance leader, it is imperative to define a robust governance framework aligned with the organizational strategy to implement ESG initiatives and demonstrate success through a set of measurable and standardized metrics. Initiatives such as climate accounting, ESG investing, and carbon disclosures are the first steps in the right direction. Scope All industries and geographies Contents In this report, we explore the role of finance organizations and CFO offices in the context of ESG and examine: Evolution of ESG programs over the years Key drivers and expected benefits from ESG Overview of a purpose-driven ESG program ESG integration with investment, accounting, and business decision-making ESG performance metrics – financial and non-financial Membership(s) Finance and Accounting Sourcing and Vendor Management
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Dec. 07, 2021On December 7, Everest Group hosted a webinar titled, "ESG in Services: What Sourcing Teams Must Know to Do More." While environmental, social, and governance (ESG) objectives have been important to sourcing teams for years, most efforts have focused on the materials supply chain or smaller, less strategic suppliers. Savvy sourcing teams have realized that’s no longer enough and are focusing on ways to navigate their ESG objectives with large, strategic service providers. In this webinar, our analysts shared current ESG trends in the global services industry and provide guidance on how to use your services spend to better reach your organization’s diversity and sustainability goals. What questions will our experts answer? What does sustainability look like in services categories? What challenges do procurement teams face in reaching sustainability objectives, and how can they overcome them? How do supplier diversity programs meet AND miss sustainability opportunities? What questions should you ask your suppliers about ESG? What is impact sourcing, and how can you know if it’s right for our organization? What interesting things are service providers doing to move ESG forward? What should procurement teams be doing in 2022 to reach their ESG initiatives in services categories?
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State of the Market
Sustainability in Financial Services – The Next Big Opportunity in Data, Technology, and Services
Dec. 09, 2021Banking, Financial Services, and Insurance (BFSI) firms have been making bold commitments to sustainable investing for more than a decade now, but the announcements have increased dramatically in the last 24 months. Regulatory push, changing demographics, risk mitigation, and an emphasis on brand equity have driven BFSI firms’ focus on sustainability. Next-generation workforce is attracted to companies with strong sustainability policies, and clients too prefer banks with a strong Environmental, Social, and Governance (ESG) standing. In response, BFSI firms are taking a multi-scale approach to manage their sustainability aspects. They are focusing on their desired market positioning, product differentiation, a sustainable operating model, evolving partnership network, and optimal leverage of human capital to support sustainable initiatives. To support BFSI enterprises in their sustainability journeys, the ESG partner ecosystem is expanding at an exponential rate and bringing unique propositions to the market. In this research, we examine the sustainability trends, demand themes, and challenges in the BFSI industry. We also study sustainability-related opportunities for providers in the BFSI domain and supplier developments for IT service providers, consulting firms, data & analytics providers, and technology vendors. We study these providers’ growth potential, offerings, partnerships, case studies, and business strategies and lay down a framework that can help ESG providers optimally tap into this market. Scope Industry: BFSI Geography: global The research is based on Everest Group’s interactions with leading D&A providers in ESG, IT service & consulting providers, technology vendors, and an ongoing analysis of sustainability in the BFSI market Contents This report examines: The rise in BFSI firms’ sustainable finance commitments Factors driving increased focus toward sustainability in the BFSI industry Challenges that BFSI firms face in sustainability integration Emerging sustainability vendor landscape in the BFSI industry A deep dive into supply-side trends, opportunities, and offerings Everest Group’s outlook on the implications for ESG providers in the BFSI industry Membership(s) Banking Information Technology Insurance Information Technology Sourcing and Vendor Management
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Viewpoint
Social Sustainability in Life Sciences
March 22, 2022Sustainability initiatives are collective efforts and programs built around Environment, Social, and Governance (ESG) strategies. These initiatives closely tie with all three aspects of the triple bottom line comprising people, planet, and profits. In recent times, the focus on ESG has increased across industries, and life sciences is no exception. In fact, from its inception, the life sciences industry has sought to make a difference in the lives of patients and communities worldwide. However, sustainability-related themes and ESG efforts have gained strong traction during and after the pandemic. Investors, patients, and regulatory bodies are now demanding greater responsibility from life sciences enterprises, pushing them to broaden their sustainability initiatives. In this viewpoint, we highlight the growing importance of sustainability in the life sciences industry, focusing on social sustainability as the key driver to build a purpose-driven ecosystem. The research will also assist enterprises in prioritizing sustainability initiatives and adopting a phased approach to become truly purpose-led organizations. Scope Industry: life sciences Geography: global Contents In this viewpoint, we: Highlight the growing importance of sustainability in the life sciences industry Share Everest Group’s sustainability maturity framework Focus on social sustainability and help enterprises prioritize initiatives Recommend a phased approach to continuously generate value from sustainability initiatives Membership(s) Life Sciences Information Technology Sourcing and Vendor Management
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March 29, 2022With the sentiment to build responsible and purpose-driven organizations rising within the engineering industry, engineering operations are getting closely linked with Environmental, Social, and Governance (ESG) concerns. To ride the ESG wave, enterprises are making significant investments to enable sustainable business operations and present a strong value proposition for ESG. Environmental disasters, equipment and machinery accidents, compliance, changing demographics, risk mitigation, business opportunities, and an emphasis on doing good for the planet have driven the focus of engineering enterprises to ESG. Furthermore, the next-generation workforce is gravitating to companies that follow ethical and sustainable policies, while investors/clients prefer enterprises with strong ESG propositions. To address the changing market dynamics, engineering enterprises are increasing their ESG commitments to include themes such as decarbonization, emissions reduction, waste management, circular economy, workforce health and safety, women empowerment, protection of human rights, board diversity and structure, and protection of shareholder interests. To support engineering enterprises, the ESG partner ecosystem, including engineering service providers, consulting and auditing providers, and software and analytics providers, are expanding their service portfolios. In this viewpoint, we highlight the key ESG implications for major industries across the engineering landscape, ESG adoption across industries, the role of ecosystem partners in ESG adoption, and the key challenges that enterprises need to address in their ESG journeys. Scope Industry: engineering services, sustainability technology and services Geography: global Contents This report discusses: The relevance of ESG in engineering ESG adoption across industries in the engineering landscape The role of ecosystem partners in ESG adoption Challenges in ESG adoption The way forward for ESG in engineering Membership(s) Engineering Services Sourcing and Vendor Management
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May 10, 2022On May 10, Everest Group hosted a webinar titled, "Why Technology is the Key to Enabling Sustainability." As customers become more environmentally and socially conscious, companies across industries are targeting sustainability as a powerful business opportunity that can enable top-line growth and operational efficiencies. To reach their sustainability goals quickly and efficiently, enterprises like yours can utilize global systems integrators (SIs) as strategic partners to accelerate sustainability agendas. Emerging digital technologies such as AI, IoT, and blockchain are proving to deliver immense value and maximized sustainability initiatives. Watch this webinar as our experts discuss in detail current sustainability enablement technology services market trends and provide insights on how the market is shaping up. The speakers explored: How the role of technology is progressing as a key enabler for sustainability Which trends are prevailing in the sustainability enablement technology services market How the sustainability enablement technology services market is developing Who the leaders and the major contenders in the market are, and what makes them stand out
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June 02, 2022Enterprises have started adopting a triple-bottom-line approach, which encompasses people, planet, and profit in business strategies. The role of technology is fast evolving as the key enabler of sustainable and responsible business models, with emerging technologies such as Artificial Intelligence (AI), Internet of Things (IoT), predictive analytics, and blockchain underpinning the sustainability services market. While, currently, the focus is more on the planet aspect of sustainability, with providers designing net zero strategies, providing climate risk assessment, and auditing, and enabling sustainable product life cycles for their clients, the pandemic has put the social aspect of sustainability into the spotlight. Service providers have proactively started enhancing their people-led solution portfolios to help clients with accessibility, Diversity, Equity, Inclusion, and Belonging (DEIB), and Environment, Health, and Safety (EHS) services, along with planet-focused offerings. In this inaugural Everest Group research, we present detailed assessments of 14 IT service providers featured on Everest Group’s Sustainability Enablement Technology Services PEAK Matrix® 2022 and categorize them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings across the people, planet, and profit aspects of sustainability services. Scope All industries and geographies Contents In this report, we provide: An assessment of 14 leading sustainability enablement technology service providers on Everest Group’s Services PEAK Matrix® evaluation framework Characteristics of Leaders, Major Contenders, and Aspirants in the sustainability enablement technology services market Strengths and limitations of the sustainability enablement technology service providers examined Membership(s) Digital Services Sourcing and Vendor Management
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Provider Compendium
Sustainability Enablement Technology Service Provider Compendium 2022
July 19, 2022Enterprises have started adopting a triple-bottom-line approach, which encompasses people, planet, and profit in business strategies. The role of technology is fast evolving as the key enabler of sustainable and responsible business models, with emerging technologies such as Artificial Intelligence (AI), Internet of Things (IoT), predictive analytics, and blockchain underpinning the sustainability services market. While, currently, the focus is more on the planet aspect of sustainability, with providers designing net zero strategies, providing climate risk assessment, and auditing, and enabling sustainable product life cycles for their clients, the pandemic has put the social aspect of sustainability into the spotlight. Service providers have proactively started enhancing their people-led solution portfolios to help clients with accessibility, Diversity, Equity, Inclusion, and Belonging (DEIB), and Environment, Health, and Safety (EHS) services, along with planet-focused offerings. In this inaugural Everest Group research, we present detailed assessments of 14 IT service providers featured on Everest Group’s Sustainability Enablement Technology Services PEAK Matrix® 2022 and categorize them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings across the people, planet, and profit aspects of sustainability services. Scope All industries and geographies Contents This research features 14 sustainability enablement technology service provider profiles, each of which includes: An overview of the provider’s sustainability services business and offerings – vision, scale, and extent of adoption of its sustainability services across enterprise segments and geographies An assessment of the provider’s case studies case studies encompassing people planet and profit aspect of sustainability, domain investments, key solutions, and partnerships A detailed assessment of the provider’s strengths and limitations Membership(s) Sustainability Technology and Services Sourcing and Vendor Management