Overview
- Location
Spain
- Sector
Telecommunications and specialised technologies
- Organisation type
- Business
Company Information
Telefónica is a publicly listed telecommunication company, headquartered in Madrid, Spain. In 2021, the company reported a total of 103,934 employees and a revenue of 39.3 billion Euro.*
Our progress towards decarbonization
GHG Emissions
North Star
Telefónica has a target to reduce absolute scopes 1 and 2 CO2e emissions 80% by 2030 from a base year of 2015. Telefónica has a target to reduce absolute scopes 1 and 2 CO2e emissions 90% by 2040 from a base year of 2015.
Telefónica has a target to reduce absolute scope 3 CO2e emissions 56% by 2030 from a base year of 2016. Telefónica has a target to reduce absolute scope 3 CO2e emissions 90% by 2040 from a base year of 2016
Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
How we want to achieve this – our roadmap
- Have an internal price on carbon
- Have an initiative in place to drive GHG emissions reduction through low-carbon energy consumption
- Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
Energy
North Star
- Telefónica has a company-wide target to consume 100% of electricity from renewable sources by 2030 from a baseline of 17.2% renewable electricity consumption in 2015
Pledge: Have a target for 100% renewable electricity consumption by no later than 2050, in line with the RE100 technical criteria
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
How we want to achieve this – our roadmap
- Have a target to improve energy efficiency
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
Governance & Strategy
Our actions – the Pathway
- Publicly disclose climate and environmental data to investors and customers through a public platform
- Have board-level oversight of climate-related issues
- Have a process for identifying, assessing, and responding to climate-related risks and opportunities
- Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
Buildings
Our actions – the Pathway
- Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
Value chain engagement
North Star
- Telefónica has a supplier engagement target to get 100.0% of its suppliers by procurement spend to set a science-based emission reduction target
Pledge: Have a supplier engagement target in order to reduce scope 3 GHG emissions, to get a share of our suppliers by procurement spend set science-based GHG emissions reduction targets in line with the SBTi Criteria and Recommendations
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022
How we want to achieve this – our roadmap
- Have a supplier/customer engagement target for GHG emissions disclosure
- Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues
MRV: Pact MRV in place
Status date: Submitted (29/07/2022)
Data source: CDP Climate Change 2022