As the urgency of addressing global
challenges intensifies, sustainability and ESG emerge as vital
frameworks for driving positive change, ISG Provider Lens™ report
says
Growing consumer concerns and ambitious government mandates will
lead to surging demand for sustainability and ESG solutions in
Europe, according to a new research report published today by
Information Services Group (ISG) (Nasdaq: III), a leading global
technology research and advisory firm.
The 2023 ISG Provider Lens™ Sustainability and ESG report for
Europe finds the global market for sustainability and ESG solutions
and services is on track to expand from approximately €50 billion
in 2022, to more than €100 billion by 2030.
“Enterprises are increasingly recognizing the importance of
sustainability to gain the trust and loyalty of environmentally
conscious consumers,” said Andreas Fahr, ISG partner in Europe.
“With the help of service providers, companies are finding ways to
increase and transparently communicate their sustainability
efforts.”
The rapid escalation of energy costs across Europe has required
many organizations to reduce consumption and brought about an
opportunity to begin addressing decarbonization efforts, the ISG
report says. The reliability and security of energy supplies has
come under greater scrutiny, resulting in a fertile market for
digital solutions that help manage energy infrastructure and
consumption, the report says.
When it comes to defining the role of sustainability in building
future economic growth, the European Union has sent a clear message
to investors and service providers, the ISG report says. The
European Green Deal is a comprehensive program initiated by the
European Commission with the overarching aim of making the EU
carbon-neutral by 2050. The ISG report notes the program includes
more than €1 trillion of planned investment by 2030 in renewable
energy, energy efficiency measures and other areas.
By 2026, more than 60 percent of EU companies will be required
to begin externally reporting certain sustainability and ESG data
in specific formats. Because digital services will be critical to
this transformation, portions of this funding will find their way
to providers of those services, the ISG report says.
“Europe’s elevated environmental and social awareness makes it
home to some of the most ambitious organizations for
sustainability,” said Jan Erik Aase, partner and global leader, ISG
Provider Lens Research. “Many enterprises are going beyond
regulatory compliance and seeking to derive sustainability premiums
and differentiation for stronger financial results.”
The report also examines how ratings and benchmarking services
play a vital role in driving ESG initiatives by providing
standardized assessments.
The 2023 ISG Provider Lens™ Sustainability and ESG report for
Europe evaluates the capabilities of 106 providers across five
quadrants: Strategy and Enablement Services, Technology Solutions
and Implementation Services – IT, Technology Solutions and
Implementation Services – OT, Data Platforms and Managed Services,
and Rating and Benchmarking Services.
The report names Accenture, Cognizant, HCLTech, IBM, Infosys,
TCS and Wipro as Leaders in four quadrants each, while Capgemini,
Deloitte, LTIMindtree and PwC are named as Leaders in three
quadrants each. EcoVadis, Hitachi Digital Services, SAP, Siemens
and T-Systems are named as Leaders in two quadrants each, while
Bain & Company, BCG, Bloomberg, CDP, CGI, Cority, Deutsche
Telekom GK, ERM, ESG Book, EY, FactSet, ISS ESG, Moody’s ESG, MSCI,
LSEG Data & Analytics, S&P Global, Schneider Electric,
Sustainalytics, T-Systems/Detecon, VelocityEHS, Wolters Kluwer and
WSP are named as Leaders in one quadrant each.
In addition, Hitachi Digital Services, Intelex, NTT DATA,
RepRisk and Tech Mahindra are named as Rising Stars — companies
with a “promising portfolio” and “high future potential” by ISG’s
definition — in one quadrant each.
Customized versions of the report are available from
Computacenter, Deutsche Telekom GK, HCLTech and
T-Systems/Detecon.
The 2023 ISG Provider Lens™ Sustainability and ESG report for
Europe is available to subscribers or for one-time purchase on this
webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Canada, Brazil,
the U.K., France, Benelux, Germany, Switzerland, the Nordics,
Australia and Singapore/Malaysia, with additional markets to be
added in the future. For more information about ISG Provider Lens
research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype
reports, offer a first-of-its-kind evaluation of providers from the
perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 900 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,600
digital-ready professionals operating in more than 20 countries—a
global team known for its innovative thinking, market influence,
deep industry and technology expertise, and world-class research
and analytical capabilities based on the industry’s most
comprehensive marketplace data. For more information, visit
www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240214977585/en/
Press Contacts:
Will Thoretz, ISG +1 203 517 3119 will.thoretz@isg-one.com
Philipp Jaensch, ISG +49 151 730 365 76
philipp.jaensch@isg-one.com
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