GENEVA, Switzerland – September 26, 2019 – Temenos AG (SIX: TEMN), the banking software company, today announced that it is ranked in the top 10% of world leaders in the 2019 Dow Jones Sustainability World Index (DJSI). The DJSI World is considered a gold standard for measuring environmental, social and governance (ESG) corporate practices. It represents the top 10% of the 2,500 largest companies in the S&P Global Broad Market Index (BMI).
Out of 64 invited software companies, Temenos was recognized as fifth out of global software leaders in the DJSI World. Temenos had the highest industry score (100%) for information security/cybersecurity and system availability and environmental policy and management system. The industry average was 15%. It also had industry-high scores in innovation management, codes of business conduct, environmental and social reporting. This recognition is a result of Temenos’ commitment to achieving business excellence and long-term value, while operating responsibly and with integrity, honoring ethical values and respecting its stakeholders, local communities and the environment.
The DJSI World was the first global index to track the largest and leading sustainability-driven publicly listed companies. This year, more than 4,500 global companies across 61 industries were invited to participate in the evaluation process. This underscores the fact that corporate ESG performance disclosures have become a necessity in meeting mainstream investors’ expectations. The DJSI is published by S&P Dow Jones Indices, one of the world’s leading index providers, together with RobecoSAM, which specializes in ESG data and benchmarking.
Max Chuard, Chief Executive Officer, Temenos, said:
“We are extremely proud to be recognized for our ongoing commitment to sustainability in the Dow Jones Sustainability World Index, a key benchmark for the investor community. As the leader in banking software, we strongly believe that our long-term success requires a sustainable business model that places responsibility at the core of our corporate strategy. Operating responsibly is part of our culture and a fundamental of how we conduct our business and beyond. As a global company, it is also our ethical responsibility to use our technology, expertise and resources for good.
Manjit Jus, Head of ESG Ratings, RobecoSAM commented:
“We congratulate Temenos for being included in the DJSI World Index. The SAM Corporate Sustainability Assessment has again raised the bar in identifying those companies best positioned to address future sustainability challenges and opportunities. This year – which marks the 20th anniversary of the DJSI – record corporate interest in the SAM CSA reflects the enduring relevance of the DJSI for measuring and advancing ESG practices.”
Temenos communicates its non-financial performance annually in the CSR Report within its Annual Report, using the Global Reporting Initiative (GRI) Standards. It has endorsed the United Nations Global Compact (UNGC) and supports the UN Sustainable Development Goals (SDGs). It is included in the SXI Switzerland Sustainability 25® Index, among the 25 Swiss stocks from the SMI® Expanded Index with the best sustainability scores. Recently, it obtained a gold recognition, placing Temenos among the top 5% performers evaluated by EcoVadis for its CSR performance. It is also a member of the World Economic Forum, confirming its commitment to furthering the sustainable development impact agenda.