Temenos Ranks High in Sustainalytics' ESG Report
Sustainalytics has recognised Temenos for its remarkable work in reducing and managing ESG risks.
The company achieved badges in both "ESG Industry Top Rated" and "ESG Regional Top Rated". With a score of 11.9, Temenos is classified as "Low Risk" and placed first among its market peers, ranking in the top 2% of both the "Software & Services" industry and the "Enterprise and Infrastructure Software" sub-industry.
The rating highlights that Temenos' ESG reporting and overall management of material ESG issues are robust, with board-level oversight for ESG issues.
Morningstar Sustainalytics evaluates a company's exposure to industry-specific ESG risks and how well it manages relevant ESG issues. Its 2023 Top-Rated ESG Companies List covers over 14,000 companies across 42 industries and distinguishes between five levels of risk: negligible, low, medium, high, and severe.
As more industries adopt ESG practices, Sustainalytics' rating has become increasingly essential, especially in the banking sector.
According to Kalliopi Chioti, Chief Marketing & ESG Officer at Temenos, the increasing relevance of ESG opportunities and risks for financial institutions is being noticed. Banking clients understand the importance of ESG risks and want to address them. They look for partners that have embedded ESG into their operations and manage material ESG issues.
This recognition of Temenos' exceptional work in reducing and managing ESG risks is an important milestone. It showcases Temenos' resilience and robust management against exposure to ESG risks, enabling the company to create sustainable value for its clients in the banking sector.
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