Climate Change and Related Risks
Our climate change strategy towards a net-zero economy strengthens our company’s resilience, while minimizing our impact on the environment
Our Approach
As part of our environmental responsibility strategy and in line with our commitment to measuring our global impact and implementing mitigation actions, through energy reduction and emissions’ avoidance initiatives, we set internal targets to improve energy efficiency, increase renewable energy use, reduce emissions and invest in offset projects for the carbon emissions we cannot reduce or replace.
Climate Change Strategy
In 2020, we incorporated the TCFD Recommendations into our ESG strategy, in order to ensure business decisions and strengthen our company’s resilience, while minimizing our impact on the environment. We identified three key areas to drive our climate change strategy towards a net – zero economy: Renewable Energy, Strategic Planning of the Data Centers and Eco – Efficiency. Our goal is to reduce the intensity of our energy use, in order to reduce GHG emissions and increase the use of renewable energy, in order to avoid GHG emissions, in all operations, including offices, owned and collocated Data Centers and Cloud.
2022 Highlights
Renewable Energy
18.2%
Annual sourcing of renewable electricity in our offices
100%
Renewable energy use at our collocated Data Centers in Europe
75%
Renewable energy use at our collocated Data Centers worldwide
Eco – Efficiency
1.5
Average Power Usage Effectiveness (PUE) ratio in our collocated Data Centers
45%
Reduction of per capita energy consumption for all certified ISO 14001 offices (2018: baseline)
74%
Reduction of per capita water consumption for all certified ISO 14001 offices (2018: baseline)
Targets
2025
80%
Annual sourcing of renewable electricity use in Temenos internal operations (offices and owned Data Centers)
25.2%
Science – based target (near – term)
Reduction of absolute Scope 1 and 2 GHG emissions (2019: baseline)
25.2%
Science – based target (near – term)
Reduction of absolute Scope 3 GHG emissions (2019: baseline)
2030
100%
Annual sourcing of renewable electricity use in Temenos internal operations (offices and owned Data Centers)
50%
Science – based target (near – term)
Reduction of absolute Scope 1 and 2 GHG emissions (2019: baseline)
50%
Science – based target (near – term)
Reduction of absolute Scope 3 GHG emissions (2019: baseline)
2050
Net-Zero
GHG emissions
(2019: baseline)