Integrated ESG Advisory Services
Our team of experts partners with clients to navigate the current ESG landscape
Overview
Teneo partners with our clients globally to do great things for a better future. We are driven to do this both by our own values, as well as the aspirations of virtually every leader we have the privilege to counsel.
We believe the futures of our firm, our people and our planet are inextricably connected. We are committed to operating responsibly as we create long-term, sustainable growth for Teneo and our stakeholders. We are also deeply committed to helping our clients develop and execute their own sustainability efforts.
Our business thrives because our people bring diverse perspectives from different nationalities, cultures and life experiences to solve emerging and intractable problems in a dynamic and inclusive environment. We are therefore dedicated to fostering an environment of dignity and respect for all.
Sustainability Reports
We are pleased to share Teneo's Sustainability Reports, which outline our commitment to corporate responsibility and actions we are taking to benefit all our stakeholders.
By integrating key governance and sustainability considerations into our business strategy, we enhance risk management, support long-term value creation and drive better business outcomes for our clients and stakeholders – as well as ourselves. While discussions around these topics continue to evolve, Teneo remains committed to helping businesses navigate critical issues such as climate change, DE&I and corporate governance, recognizing them as essential to long-term success.
Teneo’s Sustainability Reports:
Our Targets
Teneo believes that positive contributions can be made to a sustainable environment through the development of business practices that aim to reduce the impact on, and use of, natural resources.
Our environmental initiatives are reinforced through the adoption and focused communication of sustainability policies, which encourage staff to support and enforce our sustainability goals. We also aim to understand climate-related issues facing the environment and the resiliency of the built environment to identify areas where we can help and inform future goal setting and targets.
Commitment to Achieving Net Zero
Teneo is globally committed to achieving net zero emissions by 2050.
Baseline Emissions Footprint
Baseline emissions are a record of the greenhouse gases that have been produced in the past and provide a reference point against which change is measured.
Baseline Year: 2021
In 2021, Teneo began a process to measure its global carbon footprint, including scopes 1, 2 and 3, to establish a baseline from which to develop strategies for emissions reduction. The analysis leading to the baseline footprint has been developed in coordination with and support from Teneo’s equity partner CVC Capital Partners, utilizing the services of an expert third-party greenhouse gas analytics and strategy vendor. Having established our annual assessment and reporting cycle, we continue to iterate our calculation of our emissions footprint to enable us to appropriately understand, prioritize and focus our efforts in the right areas to reduce our footprint.
We continue to work closely with our landlords to deploy effective strategies for emissions reduction – a process that starts with the initial selection of the office spaces we occupy and continues through partnerships with landlords to prioritize renewables-focused energy suppliers. In addition to office space selection and outfitting, a natural area for examination is travel for client service and business development purposes. We plan to partner with our clients to develop an optimal balance for client service while limiting our carbon emissions from business travel. This approach is reinforced by our Global Travel and Expense Policy, which we refine annually to encourage colleagues to carefully assess the necessity of travel and consider technology-driven alternatives such as remote video calls. For essential travel, the policy also promotes the use of sustainable transportation whenever feasible.
Our final area of focus is our supply chain, where we are actively engaging with key vendors to gain a deeper understanding of their contributions to our emissions footprint and the initiatives they have in place to reduce their impact. We will prioritize these efforts with our key supply chain partners to ensure that any collaborative corrective actions drive meaningful and lasting change.
Interim Emissions Reduction Targets
Teneo is refining how it measures its global carbon footprint to establish credible and achievable targets for future emissions reduction between now and 2050. These targets will be set in line with recognized science-based good practices. Once interim targets have been established, we will develop a holistic carbon reduction plan for achieving these targets as key milestones on our journey to net zero.
This report will remain an evergreen document and will be updated when the baseline measurement process has been completed.
Existing Carbon Reduction Projects and Strategies
While the formalized sustainability journey utilizing carbon measurement techniques has only just begun, Teneo has long been conscious of the desirability of carbon reduction and has recognized its responsibility to continuously improve the sustainability of its operations.
The sustainability and energy efficiency of its largest offices has been a focus for the business. These offices utilize motion sensing technology to control and reduce power consumption, equip water conservation controls to limit water use and enforce careful and sustainable waste disposal protocols. These strategies effectively reduce consumption of energy, water and office consumables. They are further supported by clear communication of policies which encourages staff to support and enforce company sustainability goals.
Teneo utilizes outward-facing written policies to communicate the company’s expectations to vendors regarding compliance with standards for legal and ethical conduct. Extending those policies and practices to request larger vendors to disclose their carbon reduction plans annually is a focus for the coming years as part of our broader supplier engagement strategy.
Teneo is a signatory of the UN Global Compact and has for several years participated in the EcoVadis sustainability assessment. These initiatives have helped shape our sustainability goals and develop channels and themes for communication of company goals to our worldwide staff. Centralized and local office working groups are being built in offices around the world in an effort to drive local practices which support the global net zero commitment.
Declaration and Sign Off
Any relevant external standards to which this plan will conform will be identified upon conclusion of our carbon reduction planning and initial target setting exercise.
This carbon reduction commitment has been reviewed and authorized by Teneo’s Global Executive Committee (GEC).