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European Climate Pact

Panorâmica

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.*

*Source

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