Temenos Receives Top Scores in the Dow Jones Sustainability Index and Carbon Disclosure Project
Temenos said it was named a global sustainability leader in the 2022 Dow Jones Sustainability World Indices (DJSI). It got the highest score in the Software and Services industry.
The Carbon Disclosure Project (CDP) has also awarded the company an A- rating for the second year in a row, reaffirming its position as an industry leader in developing solutions to assist in the implementation of emissions reduction initiatives in the banking sector.
With a score of 80 out of 100 in the 2022 S&P Global Corporate Sustainability Assessment, which is used by the DJSI, Temenos grew its lead in the industry. This was up from 76 in 2021, and the overall joint top score in the Software and Services industry of 338 assessed companies.
Temenos is one of only two Software and Services companies listed in the DJSI Europe Index and 11 companies in the sector listed in the DJSI World Index. In 18 out of 20 criteria, Temenos' scorecard was in the top decile (98–100%), which shows that the company is a leader in environmental and social reporting.
Notably, the company showed strong year-on-year progress in Corporate Governance (+10) and Business Ethics (+6), Risk & Crisis Management (+14), Talent Attraction and Retention (+16), and Innovation Management (+21), while getting a perfect score of 100/100 in social and environmental reporting.
Temenos got an A- in the CDP leadership band, which was a lot better than the B average for Europe and the C average for the IT and software development sector. Notably, Temenos got the top A category score for risk disclosure and efforts to cut down on emissions.
Temenos' commitment to sustainability, ESG disclosure, and transparency is reflected in both awards. The Dow Jones Sustainability World Indices are widely regarded as the gold standard for assessing environmental, social, and governance company practices, while the CDP recognises Temenos for implementing best practices on climate issues through significant and measurable environmental actions. Temenos stands out as a leader in environmental, social, and governance (ESG) by scoring well in both the DJSI and CDP rankings.
Max Chuard, CEO of Temenos, said, "We are proud to be named a global sustainability leader in the DJSI again and to keep our top rating from the Carbon Disclosure Project. Temenos has integrated ESG into our core strategy, and achieving a top ranking in these global benchmarks shows the results of our efforts across each of the Environment, Social and Governance dimensions.”
Learn more about Temenos' ESG journey here