Teneo

Background

Teneo is a public relations company that describes itself as a “CEO advisory firm.”1Our Firm,” Teneo, Accessed August 19, 2024. Archived August 19, 2024. Archive URL: https://archive.ph/ggFPw It provides its clients with strategy and communications advice, management consultancy, financial, risk, and people advice.2Advisory & Consulting Offerings,” Teneo, Accessed August 19, 2024. Archived August 19, 2024. Archive URL: https://archive.ph/afTTw 

Declan Kelly, Paul Keary, and Doug Band founded Teneo in 2011.3Teneo,” Management Consulted, updated February 20, 2023. Archived September 5, 2024. Archive URL: https://archive.ph/57Vxt. Archived .pdf available at DeSmog. It is headquartered in New York and has a global presence with over 40 offices worldwide.4Our Firm,” Teneo, Accessed August 19, 2024. Archived August 19, 2024. Archive URL: https://archive.ph/ggFPw “Teneo” refers to Teneo Holdings LLC and its subsidiaries and affiliates worldwide.5Regulatory Information,” Teneo, Accessed September 5, 2024. Archived September 5, 2024. Archive URL: https://archive.ph/76bGt

Teneo’s client list has included fossil fuel sector companies such as ADNOC,6Diana Marszalek. “ADNOC’s Omar Zaafrani On Using Communications To Transform An Oil Giant,” PRovoke Media, January 16, 2018. Archived March 3, 2024. Archive URL: https://archive.ph/5p4FR Chevron,7Chevron,” Office of the Registrar of Consultant Lobbyists, Accessed September 16, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/NyIX7 BHP, Centrica,8Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog. Engie,9Register for 1st June 2023 – 31st August 2023,” PRCA register, 2023. Archived September 16, 2024. Archived .pdf available at DeSmog. EnQuest, Worley,10Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog. Eurogas11Teneo Strategy,” LobbyFacts.eu, Accessed September 16, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/vUMbC and Trafigura.12Register for 1st June 2023 – 31st August 2023,” PRCA register, 2023. Archived September 16, 2024. Archived .pdf available at DeSmog. It has also worked for clients in other polluting sectors, such as the steel, chemical, food, and transport industries.13Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog. Teneo has also worked with the arms industry14Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog. and advised Purdue Pharma LP.15Mike Spector and Jessica DiNapoli. “Advisory firm Teneo taps Rothschild vice chairman with bankruptcy bent,” Reuters, January 18, 2022. Archived August 19, 2024. Archived .pdf available at DeSmog. This company made the painkiller OxyContin and promoted it as safe despite being aware that it is highly addictive, contributing to a public health crisis that led to the deaths of more than 500,000 people across the U.S.16Jan Hoffman. “Purdue Pharma Is Dissolved and Sacklers Pay $4.5 Billion to Settle Opioid Claims,” New York Times, September 1, 2021. Archived August 19, 2024. Archived .pdf available at DeSmog.

Teneo has an extensive relationship with the Government of Saudi Arabia,17OMB No, 1124-0006, received 08/18/2023, 11:41:43 AM,” FARA, 2019. Archived September 16, 2024. Archived .pdf available at DeSmog. promoting Saudi Arabia’s Regional Voluntary Carbon Market Company, the Public Investment Fund (Saudi Arabia’s sovereign wealth fund, which partly owns the oil giant Aramco18Saudi Arabia’s investment fund has been set an impossible task,” The Economist, March 14, 2024. Archived May 13, 2024. Archived .pdf available at DeSmog.),19OMB No, 1124-0004, received 02/02/2024, 7:39:12 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. and the futuristic urban area Neom.20OMB No, 1124-0004, received 02/09/2024, 10:52:07 AM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog.

In April 2024, Teneo won the contract to manage communications for COP29 for the Government of Azerbaijan, which will be hosting COP29 in November 2024.21OMB No. 1124-0006, received 06/10/2024, 5:26:27 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. Teneo also worked to prepare Masdar, the renewable energy unit of ADNOC (the UAE’s owned oil company), for COP28.22Kevin McCauley. “Edelman Handles COP28 Media for Masdar,” O’Dwyer’s, December 6, 2023. Archived September 13, 2024. Archive URL: https://archive.ph/hB9uW

Controversy over close ties with the Clinton family

Before founding Teneo, Declan Kelly was Hillary Clinton’s special economic envoy to Northern Ireland. Kelly planned the launch of Teneo during this period in partnership with Douglas (Doug) Band,23Rachael Bade. “How a Clinton insider used his ties to build a consulting giant,” Politico, April 13, 2016. Archived September 16, 2024. Archived .pdf available at DeSmog. who was advising Bill Clinton at the time.24Doug Band,” Teneo, 2020. Archived February 2, 2020. Archive URL: https://archive.ph/14Kcb. Archived .pdf available at DeSmog. Mr. Clinton became an advisor in 2011 at Teneo’s founding.25Declan Kelly to work with Bill Clinton and Tony Blair,” BBC News, June 30, 2011. Archived September 16, 2024. Archive URL: https://archive.ph/pQ7To An acquaintance of the Clintons invested in Teneo, and several Clinton Foundation or Clinton-linked companies signed on as Teneo clients.26Rachael Bade. “How a Clinton insider used his ties to build a consulting giant,” Politico, April 13, 2016. Archived September 16, 2024. Archived .pdf available at DeSmog.

A memo by Band in 2011 said that Teneo partners had raised more than $8 million for the Clinton Foundation and $3 million in paid speaking fees for Bill Clinton.27Rosalind Helderman and Tom Hamburger. “Inside ‘Bill Clinton Inc.’: Hacked memo reveals intersection of charity and personal income,” Washington Post, October 26, 2016. Archived September 16, 2024. Archived .pdf available at DeSmog. Politico reported that Teneo clients had, in return, received exposure to Mr. Clinton, for example, appearing with him on stage,28Rachael Bade. “How a Clinton insider used his ties to build a consulting giant,” Politico, April 13, 2016. Archived September 16, 2024. Archived .pdf available at DeSmog. attending dinners with him, and meeting him at golf games.29James V. Grimaldi and Anupreeta Das. “Clinton Foundation’s Fundraisers Pressed Donors to Steer Business to Former President,” Wall Street Journal, October 26, 2016. Archived October 27, 2016. Archived .pdf available at DeSmog.  Teneo also had a close relationship with the Clinton Global Initiative, an annual Clinton Foundation event attended by the former president and other world leaders, at which Teneo obtained speaking roles for its clients and meetings with foreign leaders.30Rachael Bade. “How a Clinton insider used his ties to build a consulting giant,” Politico, April 13, 2016. Archived September 16, 2024. Archived .pdf available at DeSmog.

According to emails released by WikiLeaks, Chelsea Clinton complained in December 2011 that someone had informed her that an associate of Band’s who was a member of her father’s office staff had been making calls to British lawmakers “on behalf of President Clinton” for Teneo clients, particularly for the chief executive of Dow Chemical.31Rosalind Helderman and Tom Hamburger. “Inside ‘Bill Clinton Inc.’: Hacked memo reveals intersection of charity and personal income,” Washington Post, October 26, 2016. Archived October 27, 2016. Archived .pdf available at DeSmog.

By 2012, Bill Clinton had left the advisory board but remained an unpaid advisor and a Teneo client.32Kate Hickey. “Teneo’s Declan Kelly delivers Bill Clinton, keeps expanding,” Irish Central, June 22, 2012. Archived September 9, 2024. Archive URL: https://archive.ph/Rjrhj Mr Clinton said of his changed role: “I did not sever my financial relationship with Teneo. I changed it … Because of the help I continue to receive with my business relationships and speaking engagements, as well as with CGI and other philanthropic activities, like the Ireland investment conference, I felt that I should be paying them, not the other way around.”33Kate Hickey. “Teneo’s Declan Kelly delivers Bill Clinton, keeps expanding,” Irish Central, June 22, 2012. Archived September 9, 2024. Archive URL: https://archive.ph/Rjrhj

From 2012 to 2013, Hillary Clinton’s aide, Huma Abedin, also had a role at Teneo. During this period, Doug Brand wrote to Abedin to arrange a meeting at the State Department between Hillary Clinton and Bahrain’s Crown Prince Salman bin Hamad bin Isa al-Khalifa.34Gabriel Sherman. “Confessions of a Clintonworld Exile,” Vanity Fair, December 2, 2020. Archived September 9, 2024. Archive URL: https://archive.ph/Pu4Rb In April 2012, Doug Brand asked for Abedin’s help getting Judith Rodin, president of the Rockefeller Foundation, then a Teneo client, appointed to a post on the President’s Global Development Council. There is no evidence that Abedin interceded on Teneo’s behalf, and Rodin did not get the appointment.35Rachael Bade. “Emails show Huma Abedin’s ties to private consulting firm,” Politico, September 23, 2015. Archived January 28, 2019. Archived .pdf available at DeSmog.

Vanity Fair reported in 2020 that the relationship between Teneo and the Clintons had become cold.36Gabriel Sherman. “Confessions of a Clintonworld Exile,” Vanity Fair, December 2, 2020. Archived September 9, 2024. Archive URL: https://archive.ph/Pu4Rb

Teneo Chairman sexual misconduct

In June 2021, the Financial Times reported that Teneo Chairman and CEO Declan Kelly had inappropriately touched six women at a Global Citizen charity fundraising event earlier that year. As a result, Global Citizen removed Kelly from the board, and General Motors announced that it would stop working with Teneo37Arash Massoudi and Andrew Edgecliffe-Johnson. “Teneo chief ousted from charity after allegations of drunken misconduct,” Financial Times, June 24, 2021. Archived June 24, 2021. Archived .pdf available at DeSmog.,38Arash Massoudi, Andrew Edgecliffe-Johnson, and Kate Beioley. “GM cuts ties with Teneo after CEO misconduct allegations,” Financial Times, June 25, 2021. Archived June 25, 2021. Archived .pdf available at DeSmog. Kelly resigned from Teneo a few days later.39Lauren Hirsch. “The chief executive of Teneo, an influential advisory firm, steps down.,” New York Times, June 29, 2021. Archived September 16, 2024. Archived .pdf available at DeSmog.

Competitiveness Roundtable

The Competitiveness Roundtable is a coalition advised by the public relations firm Teneo. Its membership comprises numerous multinational companies, including fossil fuel giants Chevron, ExxonMobil, and Koch, and has worked behind the scenes to undermine the European Union’s flagship human rights and climate legislation.40David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

The alliance, first uncovered by the investigative outlet SOMO, worked to persuade European leaders to overturn key regulations that required companies to implement safeguards for human rights and environmental protections. “The mostly US-based coalition, which calls itself the Competitiveness Roundtable, has targeted all EU institutions, governments in Europe’s capitals, as well as the Trump administration and other non-EU governments to serve its own interests,” SOMO’s report stated.41David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

The 2025 SOMO report found the Roundtable “aimed to ‘divide and conquer in the Council’, sideline ‘stubborn’ European Commission departments, and push the European People’s Party (EPP) in the European Parliament ‘to side with the right-wing parties as much as possible.’”42David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

The SOMO report also found that Chevron and ExxonMobil led efforts to oppose the sustainability law known as the Corporate Sustainability Due Diligence Directive (CSDDD).43David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

Members

The Roundtable’s members, according to documents uncovered by SOMO, include major U.S. oil majors, chemical companies, and fossil fuel financier JP Morgan.44David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

SectorNameNotes
Big OilExxonMobil
Big OilChevron
Big OilTotalEnergies
Oil & GasKoch, Inc.
Oil & GasHoneywell
Oil & GasBaker Hughes
Minerals & MetalsNyrstarSubsidiary of Trafigura Group
ChemicalsDow, Inc.
Car RentalsEnterprise Mobility
FinanceJPMorgan Chase
PRTeneoSOMO reported that Teneo acted as a “facilitator” for the groups involved in the Competitiveness Roundtable.

Others Involved

The TEHA Group was allegedly “Paid … to write a research report and organise an event on EU competitiveness, which echoed the Roundtable’s position and cast doubt on the European Commission’s assessment of the economic impact of the CSDDD.”45David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

According to the 2025 SOMO report, the Roundtable companies paid the TEHA Group, a think tank, to write a research report and organize an event echoing the Roundtable’s position on EU competitiveness and to cast doubt on the European Commission’s assessment of the economic impact of the Corporate Sustainability Due Diligence Directive (CSDDD).46David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

Strategy

Reporting by SOMO found the Roundtable aimed to “divide and conquer” EU governments to get the climate article in the Corporate Sustainability Due Diligence Directive (CSDDD) deleted. “In June 2025, during the final weeks of negotiations in the Council on the Omnibus I proposal, the Roundtable discussed lobbying EU government leaders to ‘intervene politically’ to ensure its priorities were included in the Council’s negotiation mandate,” SOMO reported.47David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

“To implement the divide-and-conquer strategy, the Roundtable assigned specific companies to ‘establish rapporteurships’ with different EU governments,” SOMO reported. “TotalEnergies would target the French, Belgian, and Danish governments, and ExxonMobil would target Germany, Hungary, the Czech Republic, and Romania.”48David Ollivier de Leth. “The secretive cabal of US polluters that is rewriting the EU’s human rights and climate law,” SOMO, December 3, 2025. Archive URL: https://archive.ph/mpxTG

Stance on Climate Change

In Teneo’s inaugural 2022 Sustainability Report, Paul Keary’s CEO said: “We believe the futures of our firm, our people and our planet are inextricably connected. We are committed to operating responsibly as we create long-term, sustainable growth for Teneo and our stakeholders. We are also deeply committed to helping our clients develop and execute their own sustainability efforts.”49Sustainability Report 2022,” Teneo, 2022. Archived September 9, 2024. Archived .pdf available at DeSmog.

Teneo has committed to achieving net zero emissions by 2050 across its global business.50Our Firm – ESG at Teneo – Our Targets,” Teneo, Accessed September 2, 2024. Archived September  2, 2024. Archived .pdf available at DeSmog. As of September 2024, it has no interim emissions reduction targets. However, it says it will set interim targets once it has completed a baseline assessment of its emissions- a process that began in 2021. Similarly, it does not have an emissions reduction plan but says it will develop this once it has completed the baseline assessment.51Our Firm – ESG at Teneo – Our Targets,” Teneo, Accessed September 2, 2024. Archived September  2, 2024. Archived .pdf available at DeSmog.

Teneo does advise its clients on climate change. In its 2022 Sustainability Report, Teneo says that it developed “a climate transition plan for one of the world’s most recognized consumer staples brands, communicating how the company will meet its long-term net zero goals, actions it will take to achieve those goals and abatement levers it will employ in the interim.”52Sustainability Report 2022,” Teneo, 2022. Archived September 9, 2024. Archived .pdf available at DeSmog. Teneo also says that it has advised “one of the largest food and beverage companies on potential employee activism on environmental and social topics by developing an activist employee playbook and preparedness plan.”53Sustainability Report 2022,” Teneo, 2022. Archived September 9, 2024. Archived .pdf available at DeSmog.

Teneo is a signatory to the UN Global Compact, a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies and to report on their implementation.54Our Firm – ESG at Teneo – Our Targets,” Teneo, Accessed September 2, 2024. Archived September  2, 2024. Archived .pdf available at DeSmog. It also participates in the EcoVadis sustainability assessment, obtaining a bronze medal in 2023.55Sustainability Report 2023,” Teneo, 2023. Archived September 9, 2024. Archived .pdf available at DeSmog.

CVC Capital Partners, which owns a majority stake in Teneo, has publicly set greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi). One of CVC Capital Partners’ commitments is for 100% of its eligible private equity and listed equity investments to have set SBTi-validated targets by 2035. CVC Capital Partners has not stated whether Teneo would be considered “eligible.”56Climate & SBTi,” CVC, Accessed September 9, 2024. Archived September 9, 2024. Archive URL: https://archive.ph/sqol9

Funding

Teneo is mainly backed by private equity, with Teneo having sold a majority stake to CVC Capital Partners, a private equity firm, for more than $350 million in 2019.57Javier Espinoza. “Private equity group acquires politically-connected Teneo,” Financial Times, June 7, 2019. Archived August 19, 2024. Archived .pdf available at DeSmog. CVC Capital Partners has invested in fossil fuels: As of 2021, it had invested in Messer Americas, Naturgy Energy Group, Neptune Energy, CLH Group, and PKP Energetyka.58Alyssa Giachino, Riddhi Mehta-Neugebauer, “Private Equity Propels the Climate Crisis,” Private Equity Stakeholder Project, October 2021. Archived September 5, 2024. Archived .pdf available at DeSmog.

Teneo was previously partially backed by BC Partners, another investment firm, which sold its stake as part of the deal with CVC Capital Partners.59Cara Lombardo. “Teneo Agrees to Sell Majority Stake to Private-Equity Firm,” Wall Street Journal, June 7, 2019. Archived October 6, 2019. Archived .pdf available at DeSmog.

Statista (a platform that provides company data) states that, in 2022, Teneo was the PR agency with the second highest fee income in the UK, earning 220 million USD in fees that year.60Leading public relations (PR) agencies in the United Kingdom (UK) in 2022, by fee income,” Statista, 2024. Archived September 9, 2024. Archive URL: https://archive.ph/sm2q9 

Key People

Founders

Declan Kelly, Paul Keary, and Doug Band founded Teneo in 2011.61Teneo,” Management Consulted, updated February 20, 2023. Archived September 5, 2024. Archive URL: https://archive.ph/57Vxt. Archived .pdf available at DeSmog.

Declan Kelly resigned from Teneo after misconduct allegations (see background section above).

Global Executive Committee

Role20242023202220212020
Ursula BurnsChairpersonYYYY
Paul KearyCEOYYYY
Brian BakerChief People OfficerYYY
Daniel ButtersCEO, Financial AdvisoryYYYY
Andrea CalisePresident, U.S. Strategy & CommunicationsYYYYY
Robert MeadChairman, AmericasYYY
Stephen MeahlChief Integration OfficerYYYY
Geoff MorrellPresident, Global Strategy & CommunicationsYY
Tim NixonCEO, Management ConsultingYY
Steven SullivanChief Financial OfficerYYYYY
Chris WearingChief Commercial OfficerYY

Source: Teneo.62Global Executive Committee,” Teneo, Accessed September 9, 2024. Archived September 9, 2024. Archive URL: https://archive.ph/2TMhk

Teneo employees with connections with polluting industries

  • Geoff Morrell, President of Global Strategy and Communications, held senior communications and lobbying roles at BP for 11 years before joining Teneo.63Geoff Morrell,” LinkedIn, Accessed September 9, 2024. Archived September 9, 2024. Archived .pdf available at DeSmog.
  • Nick Claydon, Vice Chairman of Global Strategy and Communications64Nick Claydon,” Teneo, Accessed September 9, 2024. Archived September 9, 2024. Archive URL: https://archive.ph/MjUqL and former CEO of Teneo UK and member of Teneo’s global executive committee,65Global Executive Committee,” Teneo, August 2, 2024. Archived August 2, 2024. Archive URL: https://archive.ph/oiVHI was head of communications at British Airways between 1998 and 2001.66Nick Claydon,” LinkedIn, Accessed September 9, 2024. Archived September 9, 2024. Archived .pdf available at DeSmog. 
  • Steven Sullivan, Chief Financial Officer, worked as a financial analyst for General Electric from 2007 to 2009.67Steven Sullivan,” LinkedIn, Accessed September 9, 2024. Archived September 9, 2024. Archived .pdf available at DeSmog. 
  • Adam Daifallah has been the senior managing director at Teneo since 2020.68Adam Daifallah,” LinkedIn, Accessed September 9, 2024. Archived September 9, 2024. Archived .pdf available at DeSmog. Daifallah was a director of SecondStreet.org, a Canadian free-market think tank that has opposed carbon taxes and is a member of the fossil fuel industry-backed Atlas Network,69SecondStreet.org,” DeSmog, 2022. until March 2023.70Adam Daifallah,” LinkedIn, Accessed September 9, 2024. Archived September 9, 2024. Archived .pdf available at DeSmog. He was also Chairman of the Canadian Taxpayers Federation,71Adam Daifallah,” LinkedIn, Accessed September 9, 2024. Archived September 9, 2024. Archived .pdf available at DeSmog. a libertarian anti-tax group with ties to the Atlas Network72Canada should learn from Australia’s failed carbon tax experiment,” Atlas Network, January 17, 2017. Archived August 3, 2024. Archive URL: https://archive.ph/E3VS4. and the oil industry,73Taylor Noakes. “Canada Oil Companies Delete Carbon Capture Mentions on Websites Before New Regulations Kick in,” DeSmog, July 3, 2024. until January 2020.742019 Annual Report,” Canadian Taxpayers Federation, 2019. Archived September 9, 2024. Archived .pdf available at DeSmog.
  • Dr. Mark Watson, Senior Managing Director and Head of ESG Advisory (APAC) at Teneo, was a Policy Advisor at the Energy Retail Association.75Dr. Mark Watson,” Teneo, Accessed September 9, 2024. Archived September 9, 2024. Archive URL: https://archive.ph/H5JrN This trade association promoted the interests of electricity and gas retailers in the domestic market in Great Britain and has now become Energy UK.
  • Andrew Liveris, senior advisor, is the former CEO of Dow Chemical. He sits on the boards of Aramco, Saudi Arabia’s Public Investment Fund, and Neom. He is also a special advisor to Crown Prince Mohammed, the de facto leader of Saudi Arabia.76Andrew Liveris,” Teneo, Accessed September 20, 2024. Archived September 20, 2024. Archive URL: https://archive.ph/yIT0b

Teneo employees with U.S. political connections

Teneo employees with UK political connections

Political connections outside the U.S. and UK

Fossil Fuel Clients

YearCountryClientCampaignIncome, if availableCitation
2024BHP Group102Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024Centrica103Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024EnQuest104Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024Worley105Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023ADNOC106Andy Parnis: Congratulations to ADNOC Logistics & Services on a highly successful IPO. A pleasure to work with the company and advisory team on ADNOC’s sixth IPO on ADX.,” LinkedIn, 2023. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023BHP Group107Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Centrica108Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Engie109Register for 1st June 2023 – 31st August 2023,” PRCA register, 2023. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023EnQuest110Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Abu DhabiMasdar (ADNOC)COP281.6 million USD111Kevin McCauley. “Edelman Handles COP28 Media for Masdar,” O’Dwyer’s, December 6, 2023. Archived September 13, 2024. Archive URL: https://archive.ph/hB9uW
2023Trafigura112Register for 1st June 2023 – 31st August 2023,” PRCA register, 2023. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Worley113Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2022ADNOC114Andy Parnis,” Teneo, September 26, 2022. Archived September 26, 2022. Archive URL: https://archive.ph/kqMes
2022Chevron115Chevron,” Office of the Registrar of Consultant Lobbyists, Accessed September 16, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/NyIX7
2021ADNOC116ADNOC Drilling IPO: Creating a fully compliant website for ADNOC Drilling’s first IPO listing,” Omnia, Accessed September 16, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/imR8j
2021BHP Group117Diogo Augusto and Paul Dobson. “Revealed: Westminster COP26 PR firms linked to fossil fuels,” The Ferret, November 12, 2021. Archived September 16, 2024. Archive URL: https://archive.ph/SdNaz
2018ADNOC118Diana Marszalek. “ADNOC’s Omar Zaafrani On Using Communications To Transform An Oil Giant,” PRovoke Media, January 16,2018. Archived March 3, 2024. Archive URL: https://archive.ph/5p4FR
2017ADNOC119Diana Marszalek. “ADNOC’s Omar Zaafrani On Using Communications To Transform An Oil Giant,” PRovoke Media, January 16,2018. Archived March 3, 2024. Archive URL: https://archive.ph/5p4FR
2016BHP Group120Teneo Strategy,” LobbyFacts.eu, Accessed September 16, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/vUMbC
2016Eurogas121Teneo Strategy,” LobbyFacts.eu, Accessed September 16, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/vUMbC
2015BHP Group122Joe Aston. “Teneo advising BHP Billiton on Samarco disaster in Brazil,” Financial Review, December 6, 2015. Archived September 16, 2024. Archive URL: https://archive.ph/oPVjG
2015Eurogas123Teneo Strategy,” LobbyFacts.eu, Accessed September 16, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/vUMbC
2014BHP Group124Matthew Stevens. “Andrew Mackenzie’s advice from Teneo: BHP fields Rear Window fallout,” Financial Review, November 13, 2014. Archived May 21, 2024. Archive URL: https://archive.ph/Zemnq
2011BHP Group125Andrew Edgecliffe-Johnson, Arash Massoudi, Ortenca Aliaj, James Fontanella-Khan and Sujeet Indap. “How Teneo’s master of the dark arts spun out of control,” Financial Times, July 8, 2021. Archived .pdf available at DeSmog.
Table of Teneo’s fossil fuel clients

Other Clients of Interest

YearCountryClientCampaignIncome, if availableCitation
2024AzerbaijanGovernment of AzerbaijanCOP29126OMB No. 1124-0006,”FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog.
2024Babcock127Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024Dow Chemical Company128Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024GeelyWork for both Geely and the London Electric Vehicle Company, a Geely subsidiary129Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024McDonald’s130Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024Saudi ArabiaNeom1,384,493 USD131OMB No, 1124-0004, received 02/09/2024, 10:52:07 AM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog.
2024Saudi ArabiaPublic Investment Fund (PIF)4,053,333 USD132OMB No, 1124-0004, received 02/02/2024, 7:39:12 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog.
2024Tata Steel133Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024Thames Water134Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024Unilever135Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Babcock136Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023COP28137Ben Stockton and Amy Westervelt. “Inside the campaign that put an oil boss in charge of a climate summit,” The Intercept, October 25, 2023. Archived April 12, 2024. Archive URL: https://archive.ph/pZ5Qr
2023Dow Chemical Company138Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Drax139Register for 1st June 2023 – 31st August 2023,” PRCA register, 2023. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023GeelyWork for both Geely and the London Electric Vehicle Company, a Geely subsidiary140Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2024McDonald’s141Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Saudi ArabiaRegional Voluntary Carbon Market Company505,000 GBP142OMB No, 1124-0006, received 08/18/2023, 11:41:43 AM,” FARA, 2019. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Tata Steel143Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Thames Water144Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2023Unilever145Register for 1st December 2023 – 28th February 2024,” PRCA register, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog.
2022Saudi ArabiaNeom146HRH Prince Mohammed bin Salman announces the establishment of TROJENA, the global destination for mountain tourism in NEOM,” PR Newswire, March 3, 2022. Archived September 16, 2024. Archive URL: https://archive.ph/SzeYA
2021General Motors147Arash Massoudi, Andrew Edgecliffe-Johnson and Kate Beioley. “GM cuts ties with Teneo after CEO misconduct allegations,” Financial Times, June 25, 2021. Archived September 16, 2024. Archived .pdf available at DeSmog.
2021Saudi ArabiaNeom3,300,000 USD148OMB No, 1124-0004, received 10/21/2021, 5:27:34 PM,” FARA, 2021. Archived September 16, 2024. Archived .pdf available at DeSmog.
2021Saudi ArabiaPublic Investment Fund (PIF)149OMB No, 1124-0006, received 09/05/2021, 5:04:40 PM,” FARA, 2021. Archived September 16, 2024. Archived .pdf available at DeSmog.
2020Saudi ArabiaNeom1,200,000 USD150OMB No, 1124-0006, received 10/13/2020, 4:42:22 PM,” FARA, 2020. Archived September 13, 2024. Archived .pdf available at DeSmog.,151OMB No, 1124-0006, received 12/24/2020, 10:52:17 AM,” FARA, 2020. Archived September 13, 2024. Archived .pdf available at DeSmog.
2019Saudi ArabiaNeom328,125 Saudi Riyal per week152OMB No, 1124-0006, received 07/08/2019, 5:53:18 PM,” FARA, 2019. Archived September 6, 2024. Archived .pdf available at DeSmog.
Table of Teneo’s other clients of interest

Actions

April – November, 2024

In April 2024, Teneo agreed to handle communications for COP29 for the Government of Azerbaijan, which will be hosting COP29 in November 2024.153OMB No. 1124-0006, received 06/10/2024, 5:26:27 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. Azerbaijan is one of the ten most fossil fuel-dependent economies in the world.154Fiona Harvey. “How ‘world’s first oil town’ is wrestling with fossil fuel legacy,” The Guardian, July 29, 2024. Archived September 13, 2024. Archive URL: https://archive.ph/QUROP

A Foreign Agents Registration Act (FARA) filing detailed the services Teneo would be providing:155OMB No. 1124-0006, received 06/10/2024, 5:26:27 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. 

  • Developing a COP29 narrative: “a compelling description of Azerbaijan’s ambition for COP29, its vision for the event, and its role in the energy transition and climate action.”
  • Initial content development.
  • Campaign planning.
  • Issues management.
  • Organizational development.
  • Media relations.
  • Media training.

Teneo stated that it would also be conducting an opinion research study to understand the opinions of “key stakeholders or similar elite opinion leaders” about Azerbaijan going into COP29 and “an in-depth assessment of the existing media coverage and social media discussion related to Azerbaijan and COP29.”156OMB No. 1124-0006, received 06/10/2024, 5:26:27 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. 

For this work, Teneo is being paid $475,000 each month by the Azerbaijani government. In May — when the contract officially started — and June, Teneo received higher sums of $1,425,000 and $950,000, respectively. In total, throughout the contract, Teneo will receive $5,225,000.157OMB No. 1124-0006, received 06/10/2024, 5:26:27 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. One Teneo consultant, Alexander Keynes, will be paid $25,000 monthly solely for their work on COP29 and earn $50,000 in bonuses.158OMB No.1124-0005, received 06/10/2014 5:25:50 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog.

Across April and May, Teneo reached out to media contacts at major news outlets such as the Financial Times and The New York Times on 122 occasions on behalf of COP29 to arrange interviews and potential article placements. For example, FARA filings show that Teneo reached out to Attracta Moody, climate correspondent at the Financial Times, four times between February 29 and March 7, including to arrange an interview with the COP29 president, Mukhtar Babayev, which took place at the Climate Capital Live Financial Times event on March 8, 2024.159OMB No. 1124-0006, received 06/10/2024, 5:26:27 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog.,160Financial Times Live. “Mukhtar Babayev, will be interviewed by the FT for the first time since being appointed @COP29_AZ President-Designate at Climate Capital Live. Hear first-hand what his plans are to tackle climate change internationally.,” Post by @ftLive, March 8, 2024. Retrieved from X.com. Archived .png on file at DeSmog. Following the engagement by Teneo, Nikkei Asia published an opinion piece by Mukhtar Babayev in June 2024. This article said, “The presidency has set out a clear plan to keep 1.5 C within reach.”161Mukhtar Babayev. “World must not give up on 1.5 C global warming target,” Nikkei Asia, June 12, 2024. Archived June 13, 2024. Archived .pdf available at DeSmog. Azerbaijan had a target for a 40 percent reduction in greenhouse gas emissions by 2050, rather than a net zero by 2050 target,162Attracta Moody. “Azerbaijan vulnerable to climate change, host of UN summit says,” Financial Times, March 9, 2024. Archived March 9, 2024. Archived .pdf available at DeSmog. though it has said that it will upgrade its target before COP29.163Kate Abnett. “Azerbaijan to upgrade climate target before COP29 summit,” Reuters, July 2, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. The article also noted, “With COP29, we are aiming to foster inclusivity throughout the process, ensuring that diverse perspectives are heard and valued.”164Mukhtar Babayev. “World must not give up on 1.5 C global warming target,” Nikkei Asia, June 12, 2024. Archived June 13, 2024. Archived .pdf available at DeSmog. Many criticized Azerbaijan in January 2024 for having established an all-male COP29 organizing committee, a decision from which it subsequently backtracked.165Attracta Moody. “Azerbaijan vulnerable to climate change, host of UN summit says,” Financial Times, March 9, 2024. Archived March 9, 2024. Archived .pdf available at DeSmog.

Source: X.166Financial Times Live. “Mukhtar Babayev, will be interviewed by the FT for the first time since being appointed @COP29_AZ President-Designate at Climate Capital Live. Hear first-hand what his plans are to tackle climate change internationally.,” Post by @ftLive, March 8, 2024. Retrieved from X.com. Archived .png on file at DeSmog.

2024

Teneo has an extensive relationship with the government of Saudi Arabia, which DeSmog estimates to have been worth more than 30 million USD to Teneo.167Adam M. Lowenstein. “‘Money in Exchange for Silence’: Behind Neom’s Green Image, Western Firms Cash in on Saudi Commitment to Oil,” DeSmog, October 25, 2024. This relationship includes ongoing work for Neom,168OMB No, 1124-0004, received 02/09/2024, 10:52:07 AM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. a futuristic urban area Saudi Arabia is developing, and the Public Investment Fund (PIF),169OMB No, 1124-0004, received 02/02/2024, 7:39:12 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. Saudi Arabia’s sovereign wealth fund, which partly owns the oil giant Aramco.170Saudi Arabia’s investment fund has been set an impossible task,” The Economist, March 14, 2024. Archived May 13, 2024. Archived .pdf available at DeSmog. The agreement is that these contracts will continue until at least August 31, 2024,171OMB No, 1124-0004, received 02/09/2024, 10:52:07 AM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog. and January 1, 2025, respectively.172OMB No, 1124-0004, received 02/02/2024, 7:39:12 PM,” FARA, 2024. Archived September 13, 2024. Archived .pdf available at DeSmog.

In February, Teneo declined to comply with a subpoena issued by the U.S. Senate Permanent Subcommittee on Investigations regarding its work for the PIF, saying that Saudi Arabia would not let them share the documents because they considered them ‘classified.’173Caitlin Oprysko. “Senate panel chides PIF consultants for deferring to Saudi court,” February 7, 2024, Politico. Archived February 13, 2024. Archived .pdf available at DeSmog.

November 30 – December 13, 2023

Teneo earned $1.6 million for preparing Masdar, the renewable energy unit of ADNOC (the UAE’s owned oil company), for COP28, held in the UAE.174Kevin McCauley. “Edelman Handles COP28 Media for Masdar,” O’Dwyer’s, December 6, 2023. Archived September 13, 2024. Archive URL: https://archive.ph/hB9uW The COP28 president, Sultan al-Jaber, was also the chair of ADNOC.175Sultan al-Jaber: A quick guide to the COP28 president,” BBC News, December 1, 2023. Archived September 13, 2024. Archive URL: https://archive.ph/4OeRC Teneo’s work for Masdar was conducted over the three months leading up to COP28 and involved Teneo advising Masdar on communications and strategy development. Geoff Morrell, President of Global Strategy and Communications, who previously held senior roles at BP, led this work.176Kevin McCauley. “Edelman Handles COP28 Media for Masdar,” O’Dwyer’s, December 6, 2023. Archived September 13, 2024. Archive URL: https://archive.ph/hB9uW

Teneo then sent 13 representatives to COP28.

April 2023

Teneo signed a contract to promote the Regional Voluntary Carbon Market Company, an organization created partly by the PIF (and 80 percent owned by it). Teneo was to be paid £505,000 for this work. Teneo described the function of the Regional Voluntary Carbon Market Company as “to offer guidance and resourcing to support businesses and industry in the MENA [Middle East and North Africa] region as they play their part in the global transition to net zero.”177OMB No, 1124-0006, received 08/18/2023, 11:41:43 AM,” FARA, 2019. Archived September 16, 2024. Archived .pdf available at DeSmog.

Riham ElGizy, who has headed the Regional Voluntary Carbon Market Company since January 2023, previously worked at Aramco and BP.178Riham ElGizy,” LinkedIn, Accessed September 16, 2024. Archived September 16, 2024. Archived .pdf available at DeSmog. ElGizy is also a steering committee member of the Africa Carbon Markets Initiative,179Adam Hanieh. “Laundering Carbon—The Gulf’s ‘New Scramble for Africa’,” CADTM, August 8, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/gsOho which has been controversial,180A wolf in sheep’s clothing: why Africa should shun carbon markets,” Climate Change News, September 7, 2023. Archived June 18, 2024. Archive URL: https://archive.ph/xMwwM with some organizations arguing that it is a “false solution” that distracts from the need to decarbonize.181Ashoka Mukpo, “Can carbon markets solve Africa’s climate finance woes?,” Mongabay, November 7, 2023. Archived June 18, 2024. Archive URL: https://archive.ph/M5W9J

The Regional Voluntary Carbon Market Company has organized the world’s two largest carbon auctions. They sourced seventy percent of the credits sold in these auctions from offset projects in Africa, and Aramco was one of the principal buyers of these credits.182Adam Hanieh. “Laundering Carbon—The Gulf’s ‘New Scramble for Africa’,” CADTM, August 8, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/gsOho Teneo promoted at least one of these auctions.183OMB No, 1124-0006, received 08/18/2023, 11:41:43 AM,” FARA, 2019. Archived September 16, 2024. Archived .pdf available at DeSmog.

2022

Teneo undertook further promotional work for Neom. This promotional work included promoting Trojena,184HRH Prince Mohammed bin Salman announces the establishment of TROJENA, the global destination for mountain tourism in NEOM,” PR Newswire, March 3, 2022. Archived September 16, 2024. Archive URL: https://archive.ph/SzeYA a mountainous region within Neom that proposes using cloud seeding to create an outdoor ski resort in the desert.185https://efile.fara.gov/docs/3634-Informational-Materials-20210210-29.pdf,” FARA, 2019. Archived September 16, 2024. Archived .pdf available at DeSmog. In a press release by Teneo, Crown Prince Mohammed, the de facto leader of Saudi Arabia,186David Gritten. “Saudi Crown Prince Mohammed bin Salman named prime minister,” BBC News, September 28, 2022. Archived September 16, 2024. Archive URL: https://archive.ph/ob55M said that Trojena “confirms our commitment to be part of the global effort to protect the environment.”187HRH Prince Mohammed bin Salman announces the establishment of TROJENA, the global destination for mountain tourism in NEOM,” PR Newswire, March 3, 2022. Archived September 16, 2024. Archive URL: https://archive.ph/SzeYA

August 2021

Teneo agreed to undertake promotional work for Neom under a $3.3 million contract,188OMB No, 1124-0004, received 10/21/2021, 5:27:34 PM,” FARA, 2021. Archived September 16, 2024. Archived .pdf available at DeSmog. further continuing the relationship that started in 2019. In a press release by Teneo, Al-Nasr, the Neom CEO, said: We are also establishing a model for sustainable living around the world.”189https://efile.fara.gov/docs/6698-Informational-Materials-20220615-14.pdf,” FARA, 2022. Archived September 16, 2024. Archived .pdf available at DeSmog.

Teneo also agreed to help the PIF launch several projects, including LIV Golf (described in the contract as “Project Wedge”).190OMB No, 1124-0006, received 09/05/2021, 5:04:40 PM,” FARA, 2021. Archived September 16, 2024. Archived .pdf available at DeSmog. LIV Golf is the Saudi professional golf tour, part of a broader Saudi effort that experts have described191Ben Freeman. “Saudi sportswashing stonewalls the Senate,” Responsible Statecraft, August 21, 2024. Archived September 18, 2024. URL: https://archive.ph/JCC9j as “sportswashing.”192The Perils of Sportswashing & Greenwashing for U.S. Foreign Policy,” Quincy Institute for Responsible Stagecraft, December 7, 2023. Archived May 11, 2024. Archive URL: https://archive.ph/G0NQE

2021

The press secretary for the COP26 unit, Lynn Davidson, was also employed by Teneo as a managing director.193Diogo Augusto and Paul Dobson. “Revealed: Westminster COP26 PR firms linked to fossil fuels,” The Ferret, November 12, 2021. Archived September 16, 2024. Archive URL: https://archive.ph/SdNaz

2020

Teneo signed two new contracts with Neom, extending the relationship established in 2019. The value of these contracts was 1.2 million USD.194OMB No, 1124-0006, received 10/13/2020, 4:42:22 PM,” FARA, 2020. Archived September 13, 2024. Archived .pdf available at DeSmog.,195OMB No, 1124-0006, received 12/24/2020, 10:52:17 AM,” FARA, 2020. Archived September 13, 2024. Archived .pdf available at DeSmog

In 2020, The Guardian newspaper reached out to Teneo for comment regarding the killing of an activist who opposed Neom, Abdul Rahim, and the forced displacement of the Huwaitat tribe by the Saudi government. Teneo declined to comment.196Ruth Michaelson. “‘It’s being built on our blood’: the true cost of Saudi Arabia’s $500bn megacity,” The Guardian, May 4, 2020. Archived September 6, 2024. Archive URL: https://archive.ph/PZpf0

2019

Saudi Arabian authorities hired Teneo in 2019 to represent Neom. Teneo was to be paid 328,125 (Saudi Riyal), plus expenses, per week as a retainer for this service.197OMB No, 1124-0006, received 07/08/2019, 5:53:18 PM,” FARA, 2019. Archived September 6, 2024. Archived .pdf available at DeSmog.

Teneo’s 2019 FARA filings described the work Saudi Arabia hired them to do for NEOM, including developing strategy, narrative and messaging, stakeholder engagement, crisis preparedness, and content development.198OMB No, 1124-0006, received 07/08/2019, 5:53:18 PM,” FARA, 2019. Archived September 6, 2024. Archived .pdf available at DeSmog.

March 2015 – March 2016

Teneo lobbied for mining company BHP Billiton (now known as BHP Group Limited) in the EU for in the region of 25,000 – 49,999 euros.  During the same period, it lobbied for Eurogas, a European trade association for gaseous energies.199Teneo Strategy,” LobbyFacts.eu, Accessed September 16, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/vUMbC

December 2015

Teneo’s São Paulo office helped BHP Billiton respond to a disaster at its Samarco iron ore mine in Brazil.200Joe Aston. “Teneo advising BHP Billiton on Samarco disaster in Brazil,” Financial Review, December 6, 2015. Archived September 16, 2024. Archive URL: https://archive.ph/oPVjG The tragedy occurred when a dam collapsed, killing 19 people and leading to mining waste spilling into a river with resulting flooding and the largest spread of pollutants ever recorded in history.201Jack Mendel. “BHP: Mining giant floats £20bn settlement for Samarco dam disaster,” City A.M., April 29, 2024. Archived September 16, 2024. Archive URL: https://archive.ph/PK6RT

CVC Capital Partners is a private equity firm that has backed Teneo since 2019.202Javier Espinoza. “Private equity group acquires politically-connected Teneo,” Financial Times, June 7, 2019. Archived August 19, 2024. Archived .pdf available at DeSmog.

BC Partners is another investment firm that backed Teneo until CVC Capital Partners bought out its stake in 2019.203Cara Lombardo. “Teneo Agrees to Sell Majority Stake to Private-Equity Firm,” Wall Street Journal, June 7, 2019. Archived October 6, 2019. Archived .pdf available at DeSmog.

Teneo Subsidiaries

Teneo is composed of various subsidiaries, for example (not all necessarily currently active): Teneo Consulting, Teneo Strategy, Teneo Risk, Teneo Capital (a New York-based independent investment bank providing strategic and financial advice on mergers, acquisitions, divestitures, capital raising, financial restructuring, valuation, and capital markets transactions204Teneo Expands Investment Banking Operations,” Teneo, February 24, 2026. Archived September 9, 2024. Archive URL: https://archive.ph/1OdWv), Teneo Sports, Teneo Intelligence, Teneo Ventures,205Teneo H oldings LLC,” LittleSis, April 2024, Archived September 9, 2024. Archive URL: https://archive.ph/9ZgLk Teneo Financial Advisory Limited, and Teneo Securities LLC.206Regulatory Information,” Teneo, Accessed September 5, 2024. Archived September 5, 2024. Archive URL: https://archive.ph/76bGt

Companies acquired by Teneo

Teneo has acquired at least 20 companies since its founding:207Teneo Holdings today announced that it has completed the acquisition of Blue Rubicon and Stockwell,” Teneo, July 9, 2015. Archived March 11, 2016. Archived .pdf available at DeSmog.,208Teneo Holdings to acquire Pendomer Communications,” Teneo, October 26, 2015. Archived November 5, 2015. Archived .pdf available at DeSmog.,209Ciarán Hancock. “New York-based Teneo buys Irish PR firm PSG Communications,” Irish Times, July 18, 2016. Archived September 9, 2024. Archive URL: https://archive.ph/0Dt9G,210Teneo,” Crunchbase, Accessed September 9, 2024. Archived September 9, 2024. Archived .pdf available at DeSmog. ,211Teneo acquires Australian communications consultancy Quay Advisers,” Consulting.US, March 20, 2019. Archived September 9, 2024. Archive URL: https://archive.ph/7LRXO,212Teneo Acquires Hatley Strategy Advisors,” Teneo, January 7, 2020. Archived September 20, 2020. Archive URL: https://archive.ph/A6R4R,213Pallavi Madhiraju. “Teneo acquires financial advisory firm Goldin Associates,” Business News Today, August 25, 2020. Archived September 9, 2024. Archive URL: https://archive.ph/gXOke,214Teneo acquires Dublin consultancy Kotinos Partners,” Irish Times, September 21, 2020. Archived September 9, 2024. Archive URL: https://archive.ph/m3w7F,215James Warrington. “Advisory firm Teneo moves in on Deloitte’s restructuring arm,” City A.M., February 13, 2021. Archived September 9, 2024. Archive URL: https://archive.ph/J8zay,216Anna Whitlam People goes global, becoming part of Teneo,Telum Media, August 6, 2021. Archived September 9, 2024. Archive URL: https://archive.ph/L1Sr7,217John Harrington. “Teneo buys more of KPMG’s restructuring business,” PR Week, March 29, 2022. Archived September 9, 2024. Archived .pdf available at DeSmog.

Contact & Address

New York headquarters:

280 Park Avenue, 4th Floor
New York, NY 10017
United States

+1 (212) 886 1600
[email protected]218The Global CEO Advisory Firm,” Teneo, Accessed September 9, 2024. Archived September 9, 2024. Archive URL: https://archive.ph/unz7L

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