Climate Change Strategy
Our climate change strategy towards a net-zero economy strengthens our company’s resilience, while minimizing our impact on the environment.
Our Approach
Temenos considers climate change as a business imperative. We believe that how we address climate risks matters to our business, to the community and to the planet.
As part of our environmental responsibility strategy, we are committed to:
- measuring our global impact and implementing climate risk mitigation and adaptation measures through energy reduction and emission avoidance initiatives;
- contributing to the reduction of GHG emissions and investing in energy efficiency measures including a progressive transition to purchasing renewable electricity in our own operations;
- providing our clients with the tools to reduce their or their clients’ carbon footprint, improve their environmental performance, reach their sustainability targets and enable them through their net-zero journey; and – collaborating with our suppliers to decarbonize the value chain.
Climate Change Strategy
Our Climate Transition Plan and our commitment to the SBTi reflect our strong commitment towards our vision of an inclusive and sustainable world together with our stakeholders. Our Climate Change Strategy sets out time-bound actions, targets and KPIs designed to deliver an emissions reduction pathway consistent with the 1.5°C ambition of the Paris Agreement. Our primary focus until 2030 will be on emissions reduction, not offsetting. Temenos’ Climate Transition Action Plan has identified four key areas to facilitate the transition to a net-zero economy, by aligning our entire value chain to a 1.5oC emissions trajectory: incorporation of TCFD recommendations, implementation of emission reduction initiatives for our operations – including offices, owned and collocated Data Centers and Cloud, supply chain engagement and client enablement.
2024 Highlights
Renewable Energy
86%
Annual sourcing of renewable energy in our offices
100%
Renewable energy use at our collocated Data Centers in Europe
Eco – Efficiency
15.7%
Average Power Usage Effectiveness (PUE) ratio in our collocated Data Centers
34%
Reduction of per capita energy consumption for all certified ISO 14001 offices (2018: baseline)
61%
Reduction of per capita water consumption for all certified ISO 14001 offices (2018: baseline)
Temenos Targets
Our approach to ESG
Our goal is to grow our business in a way that takes care of the world around us and delivering business value.