Temenos has reached the highest possible ESG score of "AAA" in Morgan Stanley Capital Investment's (MSCI) 2022 ESG Rating
GENEVA, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN) has today announced that it has been awarded a triple A rating in the Morgan Stanley Capital Investment's (MSCI) ESG rating. This represents the highest possible score and marks Temenos as a "leader", sitting in the top 8 per cent for ESG progress within MSCI's "Software and Services" category.
The report recognizes Temenos' commitment to sustainability and the company's strong management practices to address carbon emissions in comparison to its market peers in its operations as well as its product offering. This includes Temenos' commitment to science-based emissions reduction targets that are consistent with keeping global warming to 1.5 degrees Celsius.
Temenos' commitment to sustainability is embedded in its product offering. It recently announced the availability of its carbon emissions calculator- one of the industry's first - giving its customers deeper insight into carbon emissions data associated with their consumption of Temenos Banking Cloud services.
This new Environmental Social Governancewith Microsoft has been introduced by Temenos to estimate its own cloud and SaaS operations' carbon emissions and is provided to Temenos Banking Cloud customers as a tailored carbon impact assessment at no cost. This helps them gain carbon insights from using Temenos Banking services, track progress towards their sustainability targets, and ensure compliance with growing climate-related regulation.
Beyond its environmental progress, Temenos has also scored particularly highly in both the Corporate Governance and Privacy & Data Security measurements. MSCI analysts highlight Temenos' industry-leading governance provisions and its strong data security framework.
Max Chuard, Chief Executive Officer, Temenos, said: "We are delighted to announce that we have been awarded an "AAA" rating from MSCI's ESG rating. At Temenos, we have embedded sustainability and inclusion within our operations, value chain and product offering, and it is great to be recognized as a market leader by the MSCI rating. We are committed to meeting our science-based targets and continuing our ESG mission to ensure we both manage our operations ethically and sustainably and also help our clients and partners transform into inclusive and sustainable organizations."
Temenos has also cemented its leadership in the FTSE4Good and S&P Sustainability Indicesand it has also been awarded an A- rating within the leadership band by the Carbon Disclosure Project. In addition, it has obtained platinum recognition, placing Temenos among the top 1% performers assessed by EcoVadis.
DISCLAIMER STATEMENT
The use by Temenos of any MSCI ESG Research LLC, or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks, or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Temenos by MSCI. MSCI services and data are property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
About Temenos
Temenos (SIX: TEMN) is the world's leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve over 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average.
For more information, please visit www.temenos.com.
