IT services providers wisely expand portfolios to target ESG opportunity, says GlobalData - GlobalData

IT services providers that are expanding their portfolios to target environmental, social and governance (ESG) opportunities are making a wise move as many enterprises require assistance developing and implementing ESG-related initiatives, says GlobalData. The leading data and analytics company notes that these companies must continue to adapt to shifting market dynamics to stay ahead of the curve. According to a recent GlobalData survey, 34% of respondents indicate that their company has made adjustments to its ESG initiatives in the last 12 months. Rena Bhattacharyya, Service Director for Enterprise Technology and Services at GlobalData, comments: "For the most part, IT service providers are focusing on the environmental aspect of ESG by offering services and solutions related to sustainability such as carbon emissions assessments and advice on methods for reducing carbon footprints. "Additionally, providers are helping customers implement circularity with strategies targeting reuse, reduce, and recycle initiatives. IT services providers are also embedding the sustainability conversation into the sale of complementary solutions, such as procurement and supply chain-related products, or smart city and fleet management solutions."