Temenos extends ESG leadership in the Dow Jones Sustainability World and Europe Indices

By Joy Dumasia

Temenos, the banking software company, announced that it had been recognized as a sustainability leader in the Software and Services Category for Dow Jones Sustainability World Index (DJSI) for the third year running and in the DJSI Europe Index for the second consecutive year. Temenos maintained its industry leadership as one of the two companies in the software category in DJSI World, which is considered a gold standard for measuring environmental, social and governance (ESG) corporate practices.

Temenos scored 76 (out of 100) in the 2021 S&P Global Corporate Sustainability Assessment (Score date: November 12, 2021). Temenos’ scorecard was in the top decile (96-100%) in 18 out of 20 criteria demonstrating the company’s leadership in environmental and social reporting (maintained full score for 100/100%), as well as a strong Y-o-Y increase in corporate governance, tax strategy and governance, privacy protection, operational eco-efficiency, climate change, labour, practise indicators and human capital development. Overall, Temenos performed in the 99th percentile in the Software and Services industry of the 109 assessed companies in the S&P Global Corporate Sustainability assessment. 

Max Chuard, Chief Executive Officer, Temenos, said: “We are honoured that our ESG leadership has been recognized for a third year in a row in the S&P Dow Jones Sustainability World and Europe Indices. Sustainability is a strategic priority for Temenos. Apart from our solid commitment to operate sustainably and responsibly, we innovate to develop solutions to new business and social challenges and help our clients transform into smart, sustainable organizations. Banking and technology are powerful forces for change and can advance sustainable development. We are committed to supporting this by reducing our own carbon footprint and by creating environmental and financial inclusion benefits for our clients by leveraging our green cloud technology. For example, with The Temenos Banking Cloud, we help banks become more operationally efficient and sustainable by reducing their carbon footprint, improving their operational and environmental performance, reaching their sustainability targets and addressing global social and environmental issues.”

For the results published November 12, 2021, more than 10,000 publicly traded companies across 61 industries were invited to participate in the S&P Global Corporate Sustainability Assessment (CSA), with the top 10% included as DJSI members.