Temenos Goal to Cut Carbon Footprint, Validated by SBTi

Published on:
by KnowESG,

Temenos

KnowESG_SBTi
Image courtesy of www.reynaers.com

The Science Based Target initiative (SBTi) has endorsed Temenos' bold goals for reducing Scope 1, 2, and 3 emissions.

The SBTi has confirmed that Temenos' plan to cut its Scope 1, 2, and 3 greenhouse gas emissions by 50% by 2030, based on a 2019 baseline, is in line with the Paris Agreement's most stringent goal of keeping global warming to 1.5°C above pre-industrial levels.

This validation helps Temenos reach its goal of incorporating Environmental, Social, and Governance (ESG) principles into its operations and offerings and becoming a net-zero organisation globally and throughout its supply chain by 2050. This will also assist their clients in their own journeys toward becoming smart, inclusive, and sustainable organisations.

Temenos' science-based target encompasses both operational Scope 1 and 2 emissions and Scope 3 emissions from its value chain, making its Scope 3 target particularly challenging. This target surpasses the minimum level of ambition required for the 2°C pathway outlined in the Absolute Contraction Approach for the year 2030.

Featured Article: The Importance of Gender Equality in the Workplace and its Effect on your Business

The SBTi sets the standard for setting science-based goals to reduce the worst effects of climate change. It also evaluates a company's goals on its own. Temenos is one of 2,218 companies that have received official validation for their targets to reduce emissions in accordance with climate science.

SBTi is a joint venture of Carbon Disclosure Project (CDP), United Nations Global Compact, World Resources Institute (WRI), and World Wide Fund for Nature (WWF).

For more company-related news

Source: Temenos

Share:
esg
esg
esg
esg

Companies Headlines

World’s First CO2 Capture Filter Gigafactory Opens in BC

World’s First CO2 Capture Filter Gigafactory Opens in BC

BKV, CIP Form Joint Venture to Invest $500M in Carbon Capture

BKV, CIP Form Joint Venture to Invest $500M in Carbon Capture

Amazon Says Net Zero Pledge Unchanged by Trump Policies

£16m Recycling Facility Set to Modernise UK's Waste Sector

Ex-Tesla Worker on Getting Fired and Calling Out Elon Musk

Enagás, Calcinor Partner to Cut 900,000 Tonnes of CO2 Annually

Nviron and Npontu Catalyse ESG Growth in Africa

$500M Investment by Republic Services Targets Bottle Recycling

Consortium Receives Incentive to Expand Solar Power in Malaysia

Entergy Announces $37B Clean Energy Investment Plan

More from Temenos
Temenos Ranks High in Sustainalytics' ESG Report
Temenos Ranks High in Sustainalytics' ESG Report
Temenos Named to 2023 Bloomberg Gender-Equality Index
Temenos Named to 2023 Bloomberg Gender-Equality Index
Temenos Receives Top Scores in the Dow Jones Sustainability Index and Carbon Disclosure Project
Temenos Receives Top Scores in the Dow Jones Sustainability Index and Carbon Disclosure Project
Temenos Awarded the Top ESG Rating by MSCI
Temenos Awarded the Top ESG Rating by MSCI