Energy Efficiency, GHG Emissions  -  February 9, 2023

Temenos’ Goal to Reduce Carbon Emissions Approved By SBTi

Temenos, a banking platform, received validation on its Scope 1, 2 and 3 emissions reduction targets with approval from the Science Based Target initiative (SBTi).

The SBTi validated Temenos’ commitment to reduce Scope 1, 2, and 3 GHG emissions 50% by 2030 from a 2019 base year. 

This commitment underpins Temenos’ strategy to become a net zero organization by 2050, across its global operations and value chain, while helping clients transform into smart, inclusive and sustainable organizations.

Since both operational Scope 1 and 2 and value chain Scope 3 emissions are covered by this science-based target, Temenos’ Scope 3 target is also considered ambitious.

"We are proud to join the world’s top businesses in this race towards a net-zero economy because we believe that climate change is not only one of the greatest risks facing the planet, but also one of the greatest opportunities for sustainable innovation,” Kalliopi Chioti, Chief ESG and Marketing Officer, Temenos, said in a statement.

Temenos has disclosed and achieved top scores in the DJSI and CDP, aligning its strategy with the Task Force of Climate-Related Financial Disclosures guidelines and developing tools such as the Temenos Carbon Emission Calculator on the back of the Temenos Banking Cloud, enabling banks to track progress toward their sustainability targets.