ESG risk management in the financial sector

MSG Plaut Austria and ESG-Software have entered into a strategic cooperation to support banks in Austria and Germany with the implementation of ESG regulations and risk management. The central basis is the SaaS solution Climcycle, which offers functions for ESG risk management, EU taxonomy, stress tests and reporting. MSG Plaut contributes its consulting expertise, technical implementation know-how and the industry solution msg4banking. Thanks to MSG Plaut's strong SAP expertise, ESG processes can be embedded in existing financial and reporting landscapes and mapped end-to-end with SAP technologies. The result is a joint offering that combines standard software with individual consulting and meets the increasing regulatory requirements. In view of growing disclosure obligations and the increasing importance of ESG risk management, banks are provided with a consistent, regulatory-compliant and efficient set of tools to combine sustainability goals with digital transformation.

Source: MSG Plaut