The ESG end-to-end approach from msg Plaut
ESG (Environment, Social, Governance) can be seen as the paradigm shift of recent decades. A transformation that affects all sectors simultaneously and, in addition to regulatory requirements, also puts our understanding of business to the test.
Companies and the financial industry need to take action for the following reasons:
- Timely preparation and long-term fulfilment of regulatory requirements
- Utilisation of the changed competitive conditions.
- It quickly becomes clear that ESG influences all areas of a company and must be considered holistically. This is exactly where our consulting approach comes in!
We therefore see the implementation of these 5 key factors as a necessity for an effective ESG transformation:
- Understanding the impact on the business model (incl. ESG vision and opportunities)
- Targeted organisational and strategic anchoring
- Creation of regulatory compliance
- Mapping and integration in the processes
- Decision-making, control, and planning security
Do you have questions?
Tamara Elisabeth Meiböck
Lead Consultant in ESG, Certified Expert in Sustainable Finance
Advantages of your ESG partnership with msg Plaut
ESG
requirements
- CSRD (Corporate Sustainability Reporting Directive) Report
- EU-Taxonomy
- SFDR (Sustainable Finance Disclosure Regulation) / PAI (Principal Adverse Impacts)
Technology
expertise
- Extensive experience in technology consulting
- Highest level of expertise in the implementation of wide-ranging IT projects
Project and change management
- Management of large-scale projects & programs
- Support for change processes & communication
Industry
expertise
- Many years of industry experience
- Implementation of numerous projects with financial service providers
- Knowledge of system architectures
- Process knowledge
Reporting
expertise
Banking & Insurances:
- IFRS 9 (International Financial Reporting Standards)
- IFRS 17
- Solvency II
- Advanced fast Close
- Regulatory reporting
- Basel III & IV
- ICAAP (Internal Capital Adequacy Assessment)
Our ESG services for you
A customised solution for implementing ESG requires industry expertise, extensive ESG knowledge and the right technology. Combining these three elements at msg Plaut, we have developed an ESG framework that can be used to effectively implement ESG.
By implementing ESG at these three levels, you can achieve a sustainable ESG transformation:
End-to-end ESG transformation
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6 Focus for insurance companies
Level I: Strategy & Organisation - Initial situation
The first step provides clarity about your specific ESG requirements and thus creates the basis for further steps.
- Definition of ESG objectives
- Identification of plan parameters and fields of action for long-term management
- Organisational analysis and anchoring in the organisational framework including recommendations for action
- Regulatory roadmap over a defined time horizon
- Preliminary study on the implementation of regulatory requirements
- Definition of data catalogue according to regulatory requirements
- Derivation of initial recommendations for consideration in processes and risk management
- CSRD support (e.g. carrying out a double materiality analysis)
Level II: Business units & offerings - realisation
This allows you to effectively integrate ESG into your core business and successfully implement it in your products and market presence.
- End-to-end product analysis
- Definition of ESG product criteria (incl. regulatory requirements)
- Carrying out the fit-to-gap and deriving measures
- As-Is analysis and identification of positions with an impact on profit or loss (ESG perspective)
- Mapping to regulatory requirements catalogue
- Derivation and preparation of measures
Level III: Data & technology - further development
Defining the right data and selecting the right tools will help you to anchor ESG efficiently in your organisation.
- ESG database analysis
- ESG data management process
- ESG data governance
- Review and Improvement
- Definition of ESG (e.g. CSRD / ESRS) Overall architecture
- Software selection
- Anchoring and controlling of organisational measures
- Technical basis
- Design
- Data processing and report implementation (e.g. preparation of CSRD report)
- Run
msg Plaut as your ESG partner
- Flexible and customer-centric approach
- Holistically conceived end-to-end support
- Expertise from a single source
- Developed and formalized ESG vision
- Understanding of strategic and organizational implementation
- Clarity on key management KPIs affected by ESG
- Creation of regulatory compliance
- Defined and targeted measures for the core business
- Clarity about effects on the income statement in the assessment
- Knowledge of regulatory and end-to-end levers in the product landscape
- Implementation plan and technical advice
- Understanding of data requirements and data process
- Tool selection and technical mapping
- Clarity about governance, roles and potential for improvement
- Support with ESG report preparation
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Contact us!
Tamara Elisabeth Meiböck
Lead Consultant in ESG, Certified Expert in Sustainable Finance