Netel

Netel's Carbon Footprint and Climate Commitments

In 2024, Netel reported a total of approximately 59.5 million kg CO2e in emissions. This total is comprised of approximately 3.7 million kg CO2e in Scope 1 and 2 emissions and approximately 55.6 million kg CO2e in Scope 3 emissions. Within Scope 3, purchased goods and services were the largest contributor, accounting for approximately 51.2 million kg CO2e.

For the year 2023, Netel's total emissions were approximately 59.2 million kg CO2e, with Scope 1 and 2 emissions totalling around 4.2 million kg CO2e and Scope 3 emissions at approximately 55.0 million kg CO2e. The largest component of Scope 3 emissions for this period was also purchased goods and services, at approximately 51.1 million kg CO2e.

In 2022, Netel reported total emissions of approximately 39.0 million kg CO2e, comprising about 855,000 kg CO2e for Scope 1 and 2, and approximately 38.1 million kg CO2e for Scope 3.

Climate Commitments and Targets

Netel has established ambitious climate goals, aiming for net-zero emissions across its entire value chain by 2050. This overarching commitment is supported by specific targets aligned with science-based standards:

• Near-Term Targets (by FY2030):

  • A reduction of 42% in absolute Scope 1 and 2 greenhouse gas (GHG) emissions from a FY2023 base year.
  • A reduction of 51.6% per million SEK of value added in Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, and use of sold products.

• Long-Term Targets (by FY2050):

  • A reduction of 90% in absolute Scope 1, 2, and 3 GHG emissions from a FY2023 base year.

These targets indicate Netel's dedication to decarbonising its operations and value chain within the post and telecommunication services sector.