24th, June 2020
Together, by the sides of commited companies who wish to accelerate their sustainable transition
Laval, 24th june 2020 – Twenty years after first launching its Environmental Management tool, and to respond to the ever-increasing challenges set by CSR, Tennaxia’s CSR reporting software has progressively become an all-round solution for companies looking to manage their extra-financial performance.
Today, as well as equipping many listed companies with its software, Tennaxia also provides with consulting services such as defining CSR strategies and supports its clients in drawing up Extra-Financial Performance Reports.
Together, Tennaxia and Euronext Corporate Services, now offer a joint range of expertise from setting up a CSR strategy through to the restitution and communication of results to investors.
Tennaxia’s CSR consultants support companies in setting up their non-financial reporting directive (defining business models, materiality analysis, identification of the key performance indicators), in structuring their reporting protocols such as questionnaires for data collection and in drawing up reports. They also elaborate CSR policies.
Tennaxia’s consultants deploy Tennaxia’s CSR reporting software in their clients’ companies to collect, ensure the reliability of, analyze, and consolidate their CSR indicators. The tool also enables Tennaxia’s consultants to validate the relevance of their client’s CSR strategy, and to assess and manage their extra-financial performance.
For their part, the consultants at Euronext Corporate Services bring the customer their expertise in understanding investor requirements and in designing an ESG strategy for listed companies. Based on the reporting data that has been collected, the team of experts from Euronext Corporate Services are able to issue a strategic recommendation aimed at developing their customer’s ESG profile, target asset managers integrating the ESG factor, and strengthen their relationships with financial stakeholders.
Through this unique partnership, Tennaxia and Euronext Corporate Services aim to meet the growing needs of their respective clients who will benefit from the complementarity of the two companies’ know-how. Indeed, both had observed that investors are placing increasing demands and expectations on listed companies to show their commitment to sustainability and that ESG criteria is playing an ever more important role in investors’ decision-making. As such, ESG has become a key theme – in addition to other numerous requirements- that must be met by companies who are striving to build a credible ESG strategy.
This new partnership complements the one that was set up between both companies and Bpifrance for the study on reporting practices and extra-financial reports.
Euronext has also announced a series of new ESG services and products aimed at creating an ecosystem conducive to sustainable finance.
« This partnership will help accelerate our development in France and in Europe, at a time when the need to integrate social responsibility at the heart of a company’s strategy is growing. Euronext Corporate Services have high standards in terms of quality and sustainability, and we are happy and proud of the confidence they have placed in us. »
« As an integral part of Euronext, we already support more than 600 issuers to be more efficient in their capital markets journey. We have identified ESG as one of the major challenges to which listed companies must adapt. We are delighted to strengthen our ESG offer – comprising investor relations advice, communication, and governance – through our partnership with Tennaxia which enhances our support of listed companies in their CSR reporting impact. With these new solutions, we are confident that issuers can accelerate their ESG transition in financing sustainable and responsible growth. »
CEO : Bernard Fort – bfort @tennaxia.com
Communication & press : Elise Deville – email@example.com
Pierre-Edouard Borderie – firstname.lastname@example.org
Created in 2001, Tennaxia is specialized in the field of sustainable performance for companies. As a software developer and consulting firm, the company helps its clients to improve their sustainability, non-financial management, and ESG strategies in different areas, in addition to environmental protection and the management of health and safety risks.
More than 350 companies (representing about 15,000 sites) in 90 countries trust Tennaxia’s software and solutions. In 2019 the company’s turnover reached 7.2 million euros. Tennaxia employs more than 60 people, divided between the headquarters in Laval and its offices in Lyon and Paris.
Euronext Corporate Services offers a suite of cutting-edge solutions and tailor-made advisory services in the fields of governance (iBabs), communication (Company Webcast), compliance (InsiderLog) and investor relations (Advisory and IR Solutions) to over 2,500 organizations from corporates to the public sector.