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Millicom International Cellular S.A., commonly known as Millicom, is a leading provider of post and telecommunication services headquartered in Luxembourg (LU). Established in 1990, the company has expanded its operations across Latin America and Africa, delivering innovative connectivity solutions to millions of customers.
Millicom operates primarily in the telecommunications sector, offering a diverse range of services including mobile and fixed-line telephony, broadband internet, and digital services. The company is renowned for its commitment to enhancing digital inclusion, particularly in underserved markets.
With a strong market position, Millicom has achieved significant milestones, including the launch of Tigo, its flagship brand, which has become synonymous with quality and reliability in the regions it serves. Through its focus on customer-centric solutions and technological advancements, Millicom continues to shape the future of telecommunications in its operational territories.
+24 vs industry average
Millicom International Cellular’s score of 66 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Post and Telecommunications Services has below-average carbon intensity
The Post and Telecommunications Services industry has reduced its overall emissions by 39% since 2018
Scope 3 accounts for ••• of total emissions.
Millicom International Cellular, a Luxembourg-based "Post and telecommunication services" company, reported its latest carbon emissions for 2024. The total emissions for 2024 were approximately 1.25 billion kg CO2e. This includes Scope 1 emissions of 28.4 million kg CO2e, Scope 2 market-based emissions of 112.7 million kg CO2e, and Scope 3 emissions of 1.11 billion kg CO2e.
Looking back, the company's total emissions for 2023 were approximately 1.56 billion kg CO2e. This comprised Scope 1 emissions of 30.5 million kg CO2e, Scope 2 market-based emissions of 146.7 million kg CO2e, and Scope 3 emissions of 1.39 billion kg CO2e. In 2022, total emissions were around 1.75 billion kg CO2e, with Scope 1 at 31.9 million kg CO2e, Scope 2 at 139.2 million kg CO2e, and Scope 3 at 1.58 billion kg CO2e. For 2021, total emissions were roughly 2.38 billion kg CO2e, with Scope 1 emissions of 33.2 million kg CO2e, Scope 2 emissions of 146.5 million kg CO2e, and Scope 3 emissions of 2.2 billion kg CO2e. In 2020, total emissions were approximately 1.76 billion kg CO2e, including Scope 1 emissions of 34.4 million kg CO2e, Scope 2 market-based emissions of 145.6 million kg CO2e, and Scope 3 emissions of 1.58 billion kg CO2e.
Millicom International Cellular has set ambitious climate commitments. The company aims to reduce absolute Scope 1 and 2 market-based greenhouse gas emissions by 50% by 2030, using a 2020 base year. Additionally, the company has committed to achieving net-zero emissions by 2050. Millicom International Cellular has also committed to reducing absolute Scope 3 GHG emissions by 20% by 2035 from a 2020 base year. These near-term targets for Scope 1 and 2 emissions are classified as consistent with reductions required to keep warming to 1.5°C by the Science Based Targets initiative (SBTi). Millicom International Cellular was a "BA1.5 member" as of November 2021.
2030
50% reduction in Scope 2
Millicom International Cellular S. A. commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2020 base year. Millicom…
2030
50% reduction in Scope 1
Millicom International Cellular S. A. commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY2030 from a FY2020 base year. Millicom…
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