Market Analysis
published on Jan 04, 2024
Report Overview:
NelsonHall's market analysis of Transforming the Banking Industry with ESG Services consists of 96 pages.
Who is this Report for:
NelsonHall’s “Transforming the Banking industry with ESG Services” report is a comprehensive market assessment report designed for:
- Sourcing managers investigating sourcing developments within the financial services industry
- Vendor marketing, sales, and business managers developing strategies to target service opportunities within the financial services industry
- Financial analysts and investors specializing in the financial services industry sector.
Scope of this Report:
The report analyzes the global market for ESG Services in the financial services industry and addresses the following questions:
- What is the current and future market for ESG services in the banking industry?
- What is the size and growth of ESG services in the financial services market by market segment?
- Within ESG services, which processes are emerging strongly?
- What are the market segments for ESG services and their characteristics? What are the drivers, benefits, and inhibitors for each segment? What are vendor capabilities by segment?
- What technologies and platforms are being utilized and what are the implications by market segment?
- What are vendor challenges and critical success factors by market segment?
- How are key vendors positioned within each ESG services market segment?
Additional topics covered include contract lengths; pricing models; partnerships; acquisitions; delivery center locations and the use of offshoring; and vendor targeting by client size, geography, and industry.
Key Findings & Highlights:
The financial industry is responding to the increasing demands of regulators to implement ESG capabilities to support greater transparency and increase sustainability. The industry is also responding to a generational shift in customer thinking, preferences, and values.
Operationalizing ESG capabilities is very costly, and the industry is under pressure. By finding the right use cases, banks should be able to offer new products and services that clients will pay for and, in turn, be able to cover the cost of ESG enablement.
The focus has been on data acquisition, analysis, and reporting. In the future, banks are looking to convert this information to actions that will change the overall sustainability of the institution.
Applying ESG capabilities to data management across markets, businesses, and entities enables banks to identify the least cost path to remediation and apply best practices to challenges.
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ESG Services in Banking 2024
published 2024-01-10 | Project by Andy Efstathiou