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Sustainability

Teneo is committed to operating responsibly with the goal of managing risks and creating long-term sustainable growth for the firm and its stakeholders.

Teneo recognizes its responsibility to continuously improve the sustainability of its operations. The firm is a proud signatory to the UN Global Compact and has for several years participated in the EcoVadis sustainability assessment. Check back in Spring 2023 for our 2022 Sustainability Report.

Carbon Reduction Commitment

Teneo is guided by a clear purpose and set of core values that outline a commitment to partner with clients globally to do great things for a better future. 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. The firm is committed to operating responsibly with the goal of managing risks and creating long-term, sustainable growth for the firm and its stakeholders. Teneo is also deeply committed to helping our clients on the development and execution of their own sustainability efforts.

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 is being developed in coordination with and support from Teneo’s equity partner CVC, utilizing the services of an expert third-party GHG analytics and strategy vendor. A leading global CEO advisory firm, Teneo operates from offices leased in shared premises around the world. Data on which our baseline emissions footprint will be estimated therefore will be largely and necessarily dependent on data supplied by landlords.

We expect to work closely with our landlords in the future to deploy effective strategies for emissions reduction. In addition to office space selection and outfitting, a natural area for examination is travel for client service and 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.

Interim Emissions Reduction Targets

Teneo is in the process of measuring 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, 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. These initiatives have been reinforced through adoption and focused communication of policies which encourage 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 2023 and beyond.

Teneo is a signatory to 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

Standards to which this plan will conform will be identified upon conclusion of our baseline carbon footprint measurement and development of future emission reduction goals.

This Carbon Reduction Commitment has been reviewed and authorized by the Teneo Global Executive Committee (GEC).