With the continued global spotlight on the critical issue of climate change, we recognize the importance of understanding and taking action on our material environmental impacts, risks and opportunities. While fully complying with all relevant environmental laws and legislation at our office locations globally, we support a precautionary approach to environmental challenges on our own initiative and an environmentally responsible way of conducting our business operations.
At Temenos, we are aware of the environmental impacts our business can have and we support a precautionary approach to environmental challenges on our own initiative and an environmentally responsible way of conducting our business operations. We have introduced a Global Environment policy, as part of the Temenos Business Code of Conduct.
We have implemented an ISO 14001: 2015 certified Environmental Management System (EMS) in our four biggest offices in India and Romania. We are in the process of implementing it to additional offices, increasing the certification coverage of our business operations globally.
We have set up an EMS Desk, an internal Company-wide mechanism in order to measure, monitor and report our environmental footprint in relation to business travel, employee commute, energy and water consumption and introduce ways to conserve resources in select locations globally with the largest employee concentration.
In line with our commitment to measuring our global impact and implementing mitigation and reduction initiatives, we set internal targets to reduce energy consumption and invest in offset projects for the carbon we cannot reduce.
We are seeking ways to ensure that our event planning operates with high sustainability standards, by organizing our external events in a sustainable way and working with event vendors who are adhering to sustainable event best practices.