target audience: TECH BUYER Publication date: Feb 2023 - Document type: IDC MarketScape - Doc Document number: # US49044922
IDC MarketScape: Worldwide ESG/Sustainability Strategy Consulting Services 2023 Vendor Assessment
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Abstract
This IDC study uses the IDC MarketScape model to provide an assessment of several providers participating in the worldwide business consulting services market. The IDC MarketScape is an evaluation based on a comprehensive framework and a set of parameters that assesses providers relative to one another and to those factors expected to be most conducive to success in each market during both the short term and the long term.
"With business needs surrounding ESG changing quickly, vendors are seeing a vast opportunity for expanding into the ESG market. This assessment has shown that services vendors in this space have developed key capabilities to aide their clients in developing a sustainable business strategy, embedding sustainability across functional groups, and define the business case for ESG," stated Dan Versace, research analyst, ESG Business Services at IDC. "Conversely, the assessment noted that customers were generally less impressed with the vendor's ability to provide highly educated customer services teams and offer wide-reaching services that address the intersectionality of ESG across all three pillars."
According to Versace, "For the society to meet the ever-shortening timeline to avoid and remediate issues caused by climate change and begin the 'just transition,' service providers must continually invest in developing processes both internally and externally to serve their clients along their entire sustainability journey."