Temenos (SIX: TEMN), the banking software company, today announced it has been included in the FTSE4Good Index Series, created by the global index provider FTSE Russell. Inclusion in the FTSE4Good Index Series denotes Temenos’ strong Environmental, Social and Governance (ESG) practices, which form part of its wider strategy to promote a culture of sustainability, responsibility and ethics across the business and its operations.
The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products. FTSE Russell evaluations are based on a company’s ESG-related performance in the areas of anti-corruption, climate change, corporate governance, human rights and community, labor standards and tax transparency. To achieve constituent status, Temenos underwent independent assessment according to the FTSE4Good criteria.
Alongside the FTSE4Good Index Series, Temenos has also qualified for inclusion in the Sustainability Yearbook 2020, published by S&P Global in collaboration with RobecoSAM. The Yearbook showcases the world’s best performing companies among industry peers and in terms of financially material ESG metrics.
Inclusion in the Yearbook signifies that Temenos’ corporate sustainability performance ranks in the top 15% of businesses in the software industry. The announcement follows the news that Temenos ranked in the top 10% of world leaders and fifth out of global software leaders for overall sustainability in the 2019 Dow Jones Sustainability World Index.
Max Chuard, CEO, Temenos, commented: “We are thrilled to be included in the FTSE4Good Index Series and the Sustainability Yearbook 2020, published by S&P Global in collaboration with RobecoSAM. Temenos is relentlessly focused on operating sustainably, ethically and responsibly – this is a key pillar of our culture and the very foundation on which we conduct our business. It is also the reason we continue to benchmark our corporate social responsibility (CSR) initiatives against the highest industry standards and why we invest our technology, expertise and resources into making positive, measurable contributions to protect the environment and improve people’s lives.”