Vendor Analysis
published on Dec 04, 2023
Report Overview:
This NelsonHall vendor assessment analyzes Wipro'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 Wipro is a comprehensive assessment of Wipro’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 Wipro’s BFS-focused ESG service offerings and capabilities and market and financial strength, including:
- Identification of the company’s strategy, eWipro, 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 Wipro service components
- Analysis of the company’s delivery organization including the location of delivery centers.
Key Findings & Highlights:
Wipro’s commitment to ESG is built on four pillars:
- Exemplar: the founder felt that economic value was only sustainable if built on ethics and responsibility. From the company’s founding 75 years ago, he pledged 66% of the economic ownership of the company to Wipro’s philanthropic foundation
- Enabler: Wipro uses its internal ESG experience and technology skills to deliver services to its clients to support their ESG journeys
- Responsible supplier: Wipro has committed to sustainably delivering its services across all its client industries and markets
- Influencer: Wipro seeks to influence businesses and people to commit to sustainable operations and activities. It works with governments, industry, and ESG groups to promote ESG initiatives. For example, it was a founding member of the “Transform to Net Zero initiative”.
Wipro has had an internal ESG program for 15 years since it began its internal Carbon Disclosure Project (CDP) reporting. In 2010, it signed a sustainability co-innovation agreement with SAP. It has been active in sustainability work in the BFSI industry since 2011, when it began work for two global banks on monitoring and evaluating emissions from their investments in companies.