EQS-News: As of February 2024, TeamViewer receives a best-in-class in Morningstar Sustainalytics ESG Risk Rating

As of February 2024, TeamViewer receives a best-in-class in Morningstar Sustainalytics ESG Risk Rating
 

• TeamViewer now leading the global ranking in the “Enterprise Infrastructure Software” subindustry, outperforming over 430 peers
• Among the Top 3 companies worldwide in the broader “Software Services” industry
• Further year-on-year improvement in rating highlights TeamViewer's genuine commitment to all areas of ESG
   

GOPPINGEN, February 21, 2024: TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, is among the best-rated software companies worldwide in the latest ESG risk assessment by leading research, ratings and analytics firm Morningstar Sustainalytics.

In February 2024, TeamViewer received an ESG Risk Rating of 8.6 and was assessed by Morningstar Sustainalytics to be at negligible risk of experiencing material financial impacts from ESG factors – significantly lower than the industry average of 22.1, with most companies rated in the medium risk category. TeamViewer's score improved by 1.3 points compared to 2022, placing TeamViewer as the number one of more than 400 companies assessed in the “Enterprise Infrastructure Software” sub-industry. In addition, TeamViewer ranked in the top 3 of more than 1,000 similar companies within the “Software Services” industry group.

Michael Wilkens, Chief Financial Officer at TeamViewer: “I am proud to see our continued progress across all areas of ESG, with our environmental management ambition and continued focus on diversity being the two key drivers of improvement. Achievements in reducing our carbon footprint, coupled with significant efforts to promote an open and inclusive workplace, reflect our commitment to sustainability. This serves as a tangible demonstration to our customers, employees, shareholders, creditors and society in general, of our genuine commitment to sustainability guided by our c-a-r-e framework. Especially in the enterprise realm, where sustainable business practices have an even bigger impact on buying decisions, TeamViewer is positioning itself as a valuable partner.” 

TeamViewer has committed to the Science-based Targets Initiative (SBTi) and aims to reduce its greenhouse gas emissions by 90% to reach net-zero by 2040, 10 years earlier than recommended by the SBTi. To extend its influence beyond its own operations, TeamViewer plans to progressively involve suppliers in sustainability goals, mandating net zero-aligned objectives from all suppliers by 2028. Furthermore, TeamViewer has achieved its female representation targets within its supervisory and management boards, reaching 42.9% and 25%, respectively. Additionally, the company achieved its 33% target for female management participation across the entire organization in 2023 and is now setting the bar higher, aiming for 35% by 2027.

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.

###

About TeamViewer

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 630,000 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 more than 1,400 people globally. In 2023, TeamViewer achieved a revenue of around EUR 627m. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at www.teamviewer.com. 

IMPORTANT NOTICE

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.

Copyright ©2024 Sustainalytics, a Morningstar company. All rights reserved.

The information, data, analyses and opinions contained herein: (1) includes the proprietary information of Sustainalytics and/or its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice nor an endorsement of any product, project, investment strategy or consideration of any particular environmental, social or governance related issues as part of any investment strategy; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. The ESG-related information, methodologies, tool, ratings, data, and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted. Neither Morningstar Inc., Sustainalytics, nor their content providers accept any liability for the use of the information, for actions of third parties in respect to the information, nor are responsible for any trading decisions, damages or other losses related to the information or its use. The use of the data is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.