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Fishes, how were the appraisals in general at Deutsche Bank for roles in Mumbai location? Understand that they got concluded only recently so it will be interesting to know. While it may vary from function to function but we will atleast got to know a ballpark figure. Also if you could add your designations, will be great.
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Hi Fishes
I want to share very bad experience I had at Mastercard
I was given offer by Mastercard in month of Dec The hike was less but looking at brand & other perks I accepted the offer & was looking forward to joining them.I got few offers & I went back to them for sole purpose of renegotiating CTC, to have a industry standard hike. They didn't reverted back for 2-3 days & just dropped a mail that they are revoking initial offer as well on grounds that they didn't like i gave other interview
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Any LEED certified folks here willing to chat?
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I would imagine the MBB firms do more strategy around “how valuable is sustainability performance” or “what is the sustainability ramification of this M&A opportunity”? Probably some stuff around target setting as well. Overall, high level strategy stuff.
Big 4 firms do all of the hands-on work:
- ESG materiality assessments (advising on what impacts/metrics are material for reporting/tracking. MBB probably does this as well)
- calculating impacts (eg emissions accounting)
- implementing ESD data software platforms to automate impact calculations and reporting
-providing assurance services for non-financial reporting (eg voluntary or regulatory sustainability reporting)
- Climate risk assessments
-Advising on target setting
-etc
My overall (though biased and limited) impression is that EY is the #1 firm in this space (with ERM, pwc and Deloitte up there)
ERM is.. big 4 are pretty much same-y. ERM’s technical excellence cannot be matched in this space I am afraid. BCG is doing well too with their acquisition of Quantis. Southpole and Anthesis group are big players.
I think BCG increasingly offers climate services (target setting and decarbonization strategy for example) and recently acquired Quantis for more technical work where an environmental sciences background is needed
As a SM within EYs CCaSS practice I guess I am qualified to share some insights:
EY1's observations are generally correct, however in this still emerging consulting space, overlaps are quite big, meaning: we do the strategy work as well at EY but its not our home-turf and BCG in turn gets their sleeves dirty with some hands-on regulatory advisory but its equally not their home-turf.
The sustainability practice at EY originally emerged out of non-financial reporting services, basically auditing organizations' ESG performance. It is therefore no surprise that we are very strong in interpreting KPIs against different regulatory standards/ requirements. Eventually we expanded into management consulting.
BCGs climate & sustainability practice on the other hand has its roots - surprise - in strategy, but since the topic is so strongly driven by regulation, they have to dig a little deeper into the textbooks than usual in order to add real value to their clients.
I do indeed find myself more often than not pitching client work on ESG related matters against MBB (mostly BCG); which I find curious as we have entirely different rates while offering a similar scope of work. Hence, either BCG is heavily "investing" in these topics, or we are selling our projects way under value. The truth usually lies somewhere in the middle...
Oh and regarding the point raised by Program Manager 1, it might surprise you to learn, that 70% of our sustainability practitioners at EY come with a STEM background (myself included), quite a number with a PhD too hence we are not afraid of diving into the heavily technical/scientific aspects of industrial decarbonization, green energy procurement and climate target setting. These are indeed my favourite engagements!
EY2, Working in corporate sustainability I’ve seen offers for our climate strategy where 5 consultancies were in the same budget range, and BCG was almost 10x higher. So I don’t think that you under value these projects, or that that heavily invest in it, but more likely that they are vastly overpriced on that topic and I’m not sure how many projects they actually sell. It was 18 months ago so things might have changed since though
F
They both probably have limited real impact at the end of the day on some one’s sustainability services
The thing I've noticed is that engineering or science-based firms with Sustainability teams seem to have access to a deeper level of expertise and have a higher bar when it comes to recruiting those with applied science backgrounds. In my experience, B4 or MBB are good at building slides, but the actual recommendations leave a bit more to be desired. Engineering/science-based firms slides may not look as nice, but the content is very solid with more effective recommendations. They seem to have a much more robust group of experts to get advice from.
All the B4 firms pretty much sell the same quality products. It's the same from EY to Deloitte to KPMG to PwC. ERM, WSP, Jacobs, and others in this area seem to have more diversity in skills.