EQS-News: TeamViewer AG
/ Key word(s): ESG
TeamViewer ranks among Top 3 in Sustainalytics ESG risk rating
GOPPINGEN, October 6, 2022: TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced that it again improved its overall ESG risk score from leading independent ESG research, ratings and data firm Morningstar Sustainalytics.
In September 2022, TeamViewer received an ESG Risk Rating of 9.9 and was assessed by Sustainalytics to be at negligible risk of experiencing material financial impacts from ESG factors. TeamViewer’s score again improved by 2.9 points in comparison to 2021 and results in TeamViewer now ranking among the Top 3 out of a total of 419 assessed companies in the “Enterprise & Infrastructure Software” subindustry.
Michael Wilkens, Chief Financial Officer at TeamViewer: “We have bundled our activities towards more sustainability within TeamViewer’s very own global program c-a-r-e, including clear commitments, targets, and measures. Together with our investors and customers, we believe that more sustainable companies also have more sustainable success. Our excellent ESG rating already creates real business value – for example, we will be able to benefit from better financing conditions as early as next year. We are proud that our efforts have again been recognized in Sustainalytics’ latest ESG risk rating, outperforming almost all big software industry players.”
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e. a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. Sustainalytics identifies five categories of ESG risk severity that could impact a company’s enterprise value: negligible (0-10), low (10-20), medium (20-30), high (30-40) and severe (40+). Learn more about the ESG Risk Ratings here.
TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has more than 625,000 subscribers and enables companies of all sizes and from all industries to digitalize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. Since the company’s foundation in 2005, TeamViewer’s software has been installed on more than 2.5 billion devices around the world. The company is headquartered in Goppingen, Germany, and employs around 1,400 people globally. In 2021, TeamViewer achieved billings of EUR 548 million. TeamViewer AG (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at https://www.teamviewer.com/.
Certain statements in this communication may constitute forward looking statements. These statements are based on assumptions that are believed to be reasonable at the time they are made, and are subject to significant risks and uncertainties, including, but not limited to, those risks and uncertainties described in TeamViewer's disclosures. You should not rely on these forward-looking statements as predictions of future events and we undertake no obligation to update or revise these statements. Our actual results may differ materially and adversely from any forward-looking statements discussed in these statements due to several factors, including without limitation, risks from macroeconomic developments, external fraud, lack of innovation capabilities, inadequate data security and changes in competition levels. The Company undertakes no obligation, and does not expect to publicly update, or publicly revise, any forward-looking statement, whether as a result of new information, future events or otherwise.
This publication contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.
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|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1457755|
|End of News||EQS News Service|