Temenos Sustainability Profile
Temenos AG, a leading provider of banking software, is headquartered in Geneva, Switzerland (CH). Founded in 1993, the company has established itself as a key player in the financial services industry, offering innovative solutions that cater to banks and financial institutions worldwide. With a strong presence in Europe, North America, and Asia, Temenos focuses on core banking, digital banking, and wealth management systems. Temenos is renowned for its flagship product, Temenos Transact, which stands out for its flexibility and scalability, enabling banks to enhance customer experiences and streamline operations. The company has achieved significant milestones, including numerous awards for its technology and a robust market position, serving over 3,000 clients globally. With a commitment to driving digital transformation in banking, Temenos continues to shape the future of financial services.
DitchCarbon Score
How does Temenos's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Temenos's score of 93 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Temenos's reported carbon emissions
In 2024, Temenos AG reported total carbon emissions of approximately 18,394,000 kg CO2e, a significant reduction from 61,931,000 kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions of about 502,100 kg CO2e, Scope 2 emissions of approximately 3,974,000 kg CO2e, and Scope 3 emissions of around 17,873,000 kg CO2e. Notably, the company has set ambitious climate commitments, aiming for net-zero emissions by 2050, using 2019 as the baseline year. Temenos has committed to a 50% reduction in absolute Scope 1, 2, and 3 greenhouse gas emissions by 2030, also based on the 2019 levels. This target aligns with the Science Based Targets initiative (SBTi) methodology, ensuring that their reduction efforts are consistent with the global goal of limiting temperature rise to 1.5°C. The company’s emissions data is self-reported and does not appear to be cascaded from any parent organization. Temenos is actively working towards enhancing energy efficiency and increasing the use of renewable energy across its operations to meet these targets.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 607,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,985,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 29,063,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Temenos's Industry?
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Temenos's Scope 3 Categories Breakdown
Temenos's Scope 3 emissions, which decreased by 71% last year and decreased by approximately 39% since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 55% of Scope 3 emissions.
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Temenos's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Temenos has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Temenos's sustainability data and climate commitments