Temenos Awarded the Top ESG Rating by MSCI
Temenos has 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 recognises 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's promise to set goals for reducing emissions that are based on science and are in line 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 Governance (ESG) tool, which was shown at COP27 with Microsoft, was made by Temenos to estimate the carbon emissions of its own cloud and SaaS operations.
Temenos Banking Cloud customers can use this tool to get a free, customised carbon impact assessment. This lets them see how using Temenos Banking services affects their carbon footprint, track their progress toward their sustainability goals, and make sure they are following the growing number of climate-related laws.
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 recognised 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 organisations.”