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Sopra Steria - Transforming the Banking Industry with ESG Services

Vendor Analysis

by Andy Efstathiou

published on Nov 17, 2023

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Report Overview:

This NelsonHall vendor assessment analyzes Sopra Steria's offerings and capabilities in ESG services for the banking and financial services sector

Who is this Report for:

NelsonHall’s ‘Transforming the Banking Industry with ESG Services’ profile on Sopra Steria is a comprehensive assessment of Sopra Steria’s offerings and capabilities for the BFS sector, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of ESG services and identifying vendor suitability for ESG services in banking RFPs
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the support services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Sopra Steria’s BFS-focused ESG service offerings and capabilities and market and financial strength, including:

  • Identification of the company’s strategy, eSopra Steria, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and Sopra Steria service components
  • Analysis of the company’s delivery organization including the location of delivery centers.

Key Findings & Highlights:

Sopra Steria has been active in ESG for the past decade, beginning with its internal ESG efforts. Sopra’s ESG practice is embedded in its consulting capabilities and draws on capabilities, primarily IT services, from other parts of the business as required. Sopra’s consulting practice has 3.4k employees who service eleven industries. Sopra pursues ESG engagements with firms headquartered in continental Europe.

Sopra accelerated its ESG initiatives in 2021 when it obtained a €1.1bn credit line from a bank consortium led by Credit Agricole. Sopra uses the credit line to invest in its business, and its pricing is linked to Sopra’s reduction in greenhouse gas emissions, specifically it is a bonus malus system linked to Sopra Steria’s SBTi engagements. The credit facility is expected to help Sopra reduce its carbon footprint. It will contribute its interest rate reductions to financing digital projects with high carbon reduction outcomes.

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