Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been positioned as a Leader in Everest Group’s PEAK Matrix® for Net Zero Consulting Services.
This report captures the current state of the net-zero consulting services market, exploring trends and key drivers shaping the demand-supply dynamics. This report evaluates 31 service providers on their net-zero consulting capabilities based on their service focus, key intellectual property / solutions, domain investments, and demonstrated market proof points.
“TCS’ digital and innovation offerings help customers accelerate their net zero journeys with a single view of sustainability metrics and ESG data, visibility into emissions, along with insights for proactive interventions and reductions, improving their sustainability performance and achieving their net zero commitments,” said Michele Lemmens, Head, Business Sustainability and CTO, TCS APAC. “This positioning as a Leader is a reflection of our investment in research and innovation, world-class capabilities and industry sector understanding to deliver focussed services and solutions.”
TCS’ net zero consulting and advisory services are backed by a comprehensive suite of over 200 sustainability services and solutions across different industry verticals. In addition to deep domain knowledge, and industry-specific expertise, TCS also has the ability to execute the complex business and IT transformations needed to realize enterprise net-zero goals.
TCS’ solutions help enterprises decarbonize their operations and create net-zero pathways, addressing biodiversity loss and growing inequity. TCS help customers embed circularity in their products and services, by helping design agile, resilient, and sustainable supply chains and promoting reuse, recapture, and recycling. TCS’ proprietary solutions include:
TCS Clever Energy™: The award-winning platform leverages IoT, AI, machine learning and digital twins to help organizations reduce energy consumption, decrease associated carbon emissions, and save energy costs in commercial and office buildings, retail stores, warehouses, and factories.
TCS Envirozone™: A digital solution powered by sustainability data ecosystems that helps organizations track and mitigate supplier-sourcing risks to aid procurement decisions for a sustainable supply chain. By helping organizations track key activities across 150 ESG key performance indicators, the solution transforms how organizations collect data to assess sustainability performance and mitigate risks from the supply chain.
TCS ESG Integration Framework and Solution Accelerator: A flexible framework and solution accelerator to measure and track sustainability impact with a pre-built indicator library for regions, countries, sectors, and sub-sectors along with the data point relationships. The solution complements financial risk and analytics solutions and has been implemented for major financial infrastructure firm.
TCS Digital Sustainability Assessment Solution: Digital assessment of the prospective clients, suppliers, end customers and their projects, using a robust and flexible TCS assessment framework that has pre-built sector and sub-sector specific screening guidelines along with exclusions. The assessment framework can also be configured to report on widely accepted ESG guidelines and sustainability frameworks like GRI, SASB, and IR.
TCS Product Life Cycle Profiler: An innovative life cycle assessment (LCA) tool that offers a scalable and dynamic approach to product LCA by computing environmental impacts across product lines. It enables simultaneous LCA for all products originating from a specific manufacturing facility and offers a comprehensive view of the impact from materials, transportation, suppliers, energy consumption, and processes.
TCS also helps clients accelerate their sustainability innovation, leveraging the TCS Pace Port™ network of co-innovation hubs spread across New York, Pittsburgh, Toronto, Amsterdam, and Tokyo, and ecosystem of partners from academia, start-ups, and technology providers. It works closely with customers at TCS Pace Ports to ideate on their most pressing sustainability concerns, rapidly prototype the most promising solution candidates and build them. These solutions result in more sustainable operations, products and services, and even new revenue streams from innovative business models.
“Net zero is a powerful and ambitious concept that aims to combat climate change and build a sustainable future. Commitments to sustainability by enterprises are being hindered by challenges such as limited resources, unclear roadmaps, siloed ESG data, and the complexity of transitioning their operations and supply chains to low-carbon alternatives,” said Rita Soni, Principal Analyst, Everest Group. “Net zero consulting services providers are instrumental in assisting enterprises in their sustainability journeys, offering the potential to mitigate risks, drive value, and foster growth. TCS banks its net zero consulting services on a strong ecosystem approach to help clients drive sustainable innovation for their businesses. Focused on decarbonization, circularity, and transparency, it has developed a wide inventory of assets including TCS Envirozone, TCS IUX, and TCS Zero Carbon Platform, along with deep GTM relationships with sustainability-focused startups. Hence, TCS has secured a position as a Leader in Everest Group’s inaugural Net Zero Consulting Services PEAK Matrix® Assessment 2023.”