Temenos Recognized for Excellence in ESG Ratings
Temenos, a prominent player in mission-critical financial solutions, has once again secured its position as a global sustainability frontrunner. The company has achieved remarkable recognition from leading ESG (Environmental, Social, Governance) rating agencies, continuing its trend of excellence.
Continuing its stellar reputation, Temenos earned the highest score in the software sector within the prestigious Dow Jones Best-in-Class Indices for three consecutive years. Furthermore, the company maintained its status as the only software provider to be placed among the top 1% in the S&P Global Sustainability Yearbook. Alongside these accolades, Temenos garnered a low-risk classification from Sustainalytics and received an impressive A- rating for climate-related efforts from the Carbon Disclosure Project.
Commitment to Sustainability
The commendable results from these esteemed organizations highlight Temenos' unwavering dedication to sustainability, transparency in ESG disclosure, and the ecological advantages of its cutting-edge software solutions. Jean-Pierre Brulard, CEO of Temenos, expressed pride in the company's accomplishments, emphasizing the importance of ESG in their operations.
He stated, “We’re proud to be recognized once again for our leadership in sustainability with some of the highest ratings in the industry from a host of well-respected organizations. Our clients choose to work with us because we understand the pivotal role ESG plays in their success.” By leveraging Temenos' advanced banking solutions, financial institutions can modernize their operations for enhanced reliability and sustainability.
Innovative Solutions for Environmental Impact
One of the key ways banks can reduce their carbon footprint is by migrating their operations to the cloud with Temenos Software as a Service (SaaS). This transition greatly minimizes their environmental impact, which is further supported by Temenos' recently launched end-to-end Enterprise Services. These services allow banks to deploy software solutions quickly, resulting in a more streamlined and efficient banking ecosystem.
In a major initiative earlier in the year, Temenos collaborated with Microsoft to set a sustainability benchmark for cloud-native core banking systems. This effort not only showcased the advanced architecture of Temenos but also demonstrated how banks can achieve their environmental goals while managing the fluctuating demands of digital transactions.
Significant Reductions in Carbon Footprint
Desde 2021, validated by GoCodeGreen, Temenos has achieved a remarkable reduction of over 50% in the carbon footprint associated with its software. This accomplishment is a testament to the company's commitment to environmental stewardship, allowing clients to not only manage their operations effectively but also enhance their sustainability reporting.
A Bright Future for Banking
As the only software company featured in both the World and Europe Dow Jones Best-in-Class Indices for 2024, Temenos has achieved a commendable overall score of 83 out of 100, the highest in its history. This achievement places Temenos at the forefront of the industry, highlighting its excellence among an extensive field of 343 assessed companies.
In addition, Temenos is proud to be among a select group of 780 companies recognized within the S&P Global Sustainability Yearbook out of an initial pool of 7,690 organizations. The company's top 1% ranking globally in ESG scores demonstrates its commitment to sustainable practices and operational excellence. It also secured the second-best ESG risk rating among its peers in the software sub-industry by Sustainalytics, reinforcing its leading position.
About Temenos
Temenos (SIX: TEMN) stands as the leading platform for banking, providing innovative solutions to clients in over 150 countries. The platform empowers financial institutions in building new banking services while delivering exceptional customer experiences. Banks that utilize Temenos software often see cost-income ratios significantly lower than the industry average and enjoy double the returns on equity, alongside IT expenditures dedicated to growth and innovation that also exceed the industry mean.
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Frequently Asked Questions
What is Temenos known for?
Temenos is recognized for providing mission-critical software solutions for financial institutions, emphasizing sustainability and innovation.
How has Temenos performed in ESG rankings?
The company has excelled in ESG rankings, achieving top scores from Dow Jones, S&P Global, Sustainalytics, and CDP.
What sustainability initiatives is Temenos undertaking?
Temenos has implemented various initiatives, including cloud migration solutions and partnerships to reduce carbon emissions sustainably.
How does Temenos impact the banking industry?
Through its innovative software, Temenos modernizes banking operations, leading to improved reliability and sustainability.
How can clients measure their carbon footprint using Temenos?
Temenos provides a Carbon Emissions Calculator to help clients track, improve, and report their operational carbon footprint effectively.
