Temenos
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 100% 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 2023, Temenos reported total carbon emissions of approximately 61,931,000 kg CO2e. This figure includes 517,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 4,273,000 kg CO2e from Scope 2 emissions related to purchased electricity. The majority of their emissions, about 61,399,000 kg CO2e, fall under Scope 3, which encompasses indirect emissions from sources such as capital goods and business travel. Temenos has set ambitious climate commitments, aiming for net-zero emissions by 2050, using 2019 as the baseline year. They have also committed to a significant reduction target of 50% in absolute Scope 1, 2, and 3 greenhouse gas emissions by 2030, again referencing 2019 levels. This commitment aligns with the Science Based Targets initiative (SBTi) and reflects their dedication to addressing climate change effectively. Over recent years, Temenos has demonstrated a proactive approach to reducing their carbon footprint, with total emissions decreasing from approximately 24,302,000 kg CO2e in 2019 to 10,261,000 kg CO2e in 2021, indicating a positive trend in their sustainability efforts. Their ongoing initiatives and targets underscore their commitment to environmental responsibility and climate action.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Temenos is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
