Magyar Telekom
Magyar Telekom Nyrt., a leading telecommunications provider in Hungary, is headquartered in Budapest (HU) and operates extensively across Central and Eastern Europe. Founded in 1991, the company has established itself as a key player in the telecommunications industry, offering a diverse range of services including fixed-line and mobile telephony, broadband internet, and digital television. With a commitment to innovation, Magyar Telekom has introduced unique solutions such as its advanced fibre-optic network, enhancing connectivity for both residential and business customers. The company is recognised for its strong market position, consistently ranking among the top telecommunications firms in Hungary. Notable achievements include significant investments in network infrastructure and a focus on sustainable development, positioning Magyar Telekom as a forward-thinking leader in the digital landscape.
DitchCarbon Score
How does Magyar Telekom's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Telecommunications Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Magyar Telekom's score of 60 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magyar Telekom's reported carbon emissions
In 2023, Magyar Telekom reported total carbon emissions of approximately 240,238,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 240,238,000 kg CO2e. Scope 1 emissions were approximately 14,632,000 kg CO2e, primarily from stationary combustion, while Scope 2 emissions totalled about 1,856,000 kg CO2e based on a market-based approach. Magyar Telekom has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 84% by 2030, using 2015 as the baseline year. Additionally, the company has committed to a 30% reduction in absolute Scope 3 emissions by 2030, with 2017 as the reference year. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit temperature rise to 1.5°C. The company is also focusing on increasing energy efficiency in its data centres as part of its strategy to achieve climate neutrality by 2030. This commitment reflects a proactive approach to sustainability within the telecommunications sector, demonstrating Magyar Telekom's dedication to reducing its carbon footprint and contributing to climate action.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 28,653,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 82,001,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Magyar Telekom is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
