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 99 is higher than 99% 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 22.3 million kg CO2e, comprising 502,100 kg CO2e from Scope 1, 3,974,000 kg CO2e from Scope 2, and 17,873,000 kg CO2e from Scope 3 emissions. This represents a significant reduction from 2023, where total emissions were approximately 66.2 million kg CO2e, with Scope 1 emissions at 517,000 kg CO2e, Scope 2 at 4,273,000 kg CO2e, and Scope 3 at 61,399,000 kg CO2e. Temenos has set ambitious climate commitments, aiming for net-zero emissions by 2050, using 2019 as the baseline year. The company has committed to reducing absolute Scope 1, 2, and 3 greenhouse gas emissions by 50% by 2030, also from a 2019 baseline. 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 not cascaded from any parent organization, indicating that these figures are independently reported by Temenos AG. The ongoing efforts to enhance energy efficiency and increase the use of renewable energy across their operations are crucial components of their strategy 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 |
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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.
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Frequently Asked Questions
Common questions about Temenos's sustainability data and climate commitments
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