CSG Publishes Inaugural Task Force on Climate-Related Financial Disclosures Report

Rhea-AI Summary

CSG (NASDAQ: CSGS) has published its inaugural environmental disclosure in accordance with the TCFD framework, marking a significant milestone in its corporate responsibility efforts. This aligns with previous sustainability reports published by CSG, indicating a commitment to transparency in environmental, social, and governance (ESG) factors. CEO Brian Shepherd highlighted the importance of providing reliable ESG data to stakeholders. The TCFD, established in 2015, aims to enhance climate-related financial risk disclosures. The TCFD report is now available on CSG's ESG webpage, reflecting ongoing improvements in their ESG strategy.

Positive

• First TCFD environmental disclosure published, marking a milestone in corporate responsibility.
• Commitment to enhance ESG disclosure aligns with previous SASB report.
• Improvement in ESG data accessibility for investors and stakeholders.

Negative

• None.

DENVER--(BUSINESS WIRE)-- CSG® (NASDAQ: CSGS) today published its inaugural environmental disclosure in accordance with standards issued by the Task Force on Climate-Related Financial Disclosures (“TCFD”). This marks the first year that CSG reported disclosure for TCFD’s framework. The report is available on CSG’s Environmental, Social and Governance (ESG) webpage, which can be found here.

“CSG is a purpose-driven SaaS company that strives to envision, invent and create a better, more future-ready world for our customers, our employees and the communities in which we operate,” said Brian Shepherd, CEO, CSG. “Today’s publication of our first TCFD report marks another important milestone in our commitment to corporate responsibility. Last year, we issued our inaugural Sustainability Accounting Standards Board (SASB) report and are proud of our continued progress in ESG reporting with the addition of this year’s TCFD report. We are fully committed to providing our investors, business partners and customers with access to reliable ESG data and disclosures.”

The Task Force on Climate-Related Financial Disclosures was created in 2015 by the Financial Stability Board (FSB) to develop consistent climate-related financial risk disclosures for use by companies, banks and investors in providing information to stakeholders.

“By aligning with the TCFD framework, CSG continues to enhance and improve our ESG disclosure,” said Cindy Parsons, Executive Director of Social Responsibility & Impact, CSG. “We’re proud of the progress we’re making with our broader ESG strategy. This report will give valuable insights into how we analyze and improve our environmental impact, disclosures and future targets.”

About CSG

CSG empowers companies to build unforgettable experiences, making it easier for people and businesses to connect with, use and pay for the services they value most. Our customer experience, billing and payments solutions help companies of any size make money and make a difference. With our SaaS solutions, company leaders can take control of their future, and tap into guidance along the way from our more than 5k-strong experienced global CSG services team.

Want to learn more about how to be a change maker and industry shaper like our 1,000-plus clients? Visit csgi.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005026/en/

John Rea

Investor Relations

+1 (210) 687-4409

john.rea@csgi.com

Source: CSG

FAQ

What is CSG's stock symbol?

CSG's stock symbol is CSGS.

When did CSG publish its first TCFD report?

CSG published its first TCFD report on February 14, 2023.

What framework did CSG align with for its environmental disclosure?

CSG aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

What does CSG's TCFD report signify for investors?

The TCFD report signifies CSG's commitment to transparency in ESG factors, providing valuable insights for investors.

Who spoke about the importance of the TCFD report for CSG?

Brian Shepherd, the CEO of CSG, discussed the importance of the TCFD report.