Temenos has announced the availability of a carbon emissions calculator – one of the industry’s first – giving its customers deeper insight into carbon emissions data associated with their consumption of Temenos Banking Cloud services.
This approach has been introduced by Temenos to estimate its own cloud and SaaS operations’ carbon emissions. The calculator’s methodology has been independently verified by Grant Thornton, one of the world’s leading accounting and consultancy firms. The calculator leverages the data provided by Microsoft Cloud for Sustainability Emission Impact Dashboard services, to report carbon emissions metrics.
This new Environmental Social Governance (ESG) offering is provided to Temenos Banking Cloud customers as a tailored carbon impact assessment at no cost to help them gain carbon insights from using Temenos Banking services, allowing them to track progress towards reaching their sustainability targets and complying with growing climate-related regulation. The emissions calculator is embedded into the Temenos Banking Cloud client portal.
Migrating from legacy IT systems to cloud-based services can significantly improve carbon emissions. Banks are facing new reporting requirements from industry bodies such as the International Sustainability Standards Board (ISSB), which require them to provide deeper levels of transparency into their carbon emissions. Temenos helps meet these requirements by delivering a complete set of data on cloud emissions for each client in addition to the data provided by Microsoft on their Azure consumption.
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