EQS-News: TeamViewer AG
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TeamViewer receives AAA score in MSCI ESG Rating
GOPPINGEN, December 1, 2022: TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced its updated MSCI ESG Rating results. As of 2022, TeamViewer receives a rating of AAA, improving last year's rating from an AA to the highest category of the ranking.
With this updated score, TeamViewer is in the top 8% of global companies in the Software and Services industry. The report analyses the business practices related to the three main ESG pillars of organizations, giving each area a score from 0 to 10. TeamViewer receives a rate of 6.0 for its environmental efforts, 5.8 for social aspects, and 8.0 for its governance practices. The latter score positions TeamViewer into the highest scoring range for its governance efforts, becoming one of the leaders among local and global players in the sector.
Michael Wilkens, Chief Financial Officer at TeamViewer: "We are happy that our efforts towards becoming a more sustainable company are being recognized. This will not only help us to further improve our sustainability measures internally and externally, but also strengthen our positioning with customers, as an attractive employer and as a sustainability compliant investment opportunity.”
TeamViewer has set specific targets within its global sustainability framework ‘c-a-r-e’ including achieving climate neutrality by, at the latest, 2025 and delivering climate-neutral products with 100% green energy sourced by the end of 2022. Additionally, TeamViewer’s remote connectivity solutions enable its customers to reduce their own carbon footprint by avoiding travel.
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 around 620,000 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/.
About MSCI ESG Research
MSCI ESG Research provides in-depth research, ratings and analysis of the environmental, social and governance-related business practices of thousands of companies worldwide. Their research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry specific ESG risks and the ability to manage those risks relative to peers. Key topics are attributed to each ESG pillar, including human capital development, opportunities in clean tech, carbon emissions, privacy & data security, and governance.
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.
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