Vendor Analysis
published on Nov 01, 2023
Report Overview:
This NelsonHall vendor assessment analyzes TCS' 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 TCS is a comprehensive assessment of TCS’ 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 TCS’ BFS-focused ESG service offerings and capabilities and market and financial strength, including:
- Identification of the company’s strategy, eTCS, 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 TCS service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
TCS began delivering ESG services to the BFSI industry a decade ago. Banks were starting to focus on ESG services, primarily environmental. The banks viewed ESG as a business opportunity, and TCS is among those who decided to pursue this. TCS identified three capabilities it had that could provide a differentiated set of offerings:
- Sustainability knowledge and activities from its own ESG activities and work with clients
- Data and IT services capabilities from its ongoing business
- Domain knowledge of the banking industry from working with the industry for many decades.
TCS built a set of ESG offerings focused on the environmental aspect of the ESG challenge. It has delivered
ESG projects for all sizes of banks and capital markets firms.