Sociedad Estatal Correos y Telegrafos, SA Sustainability Profile
Sociedad Estatal Correos y Telegrafós, S.A., commonly known as Correos, is Spain's national postal service, headquartered in Madrid. Established in 1716, Correos has evolved into a key player in the logistics and communications industry, providing essential services across the country and beyond. The company offers a diverse range of products, including traditional mail delivery, parcel services, and innovative digital solutions, setting itself apart with a commitment to reliability and customer service. With a strong presence in both urban and rural areas, Correos has achieved significant milestones, such as the introduction of eco-friendly delivery options and advanced tracking systems. As a leader in the Spanish postal market, Correos continues to adapt to the changing landscape of logistics, ensuring it meets the needs of its customers while maintaining a focus on sustainability and efficiency.
DitchCarbon Score
How does Sociedad Estatal Correos y Telegrafos, SA'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
Sociedad Estatal Correos y Telegrafos, SA's score of 46 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sociedad Estatal Correos y Telegrafos, SA's reported carbon emissions
In 2023, Sociedad Estatal Correos y Telegrafos, SA reported total carbon emissions of approximately 159.8 million kg CO2e. This figure includes Scope 1 emissions of about 35.6 million kg CO2e, Scope 2 emissions of approximately 662,000 kg CO2e, and Scope 3 emissions of around 123.6 million kg CO2e. The company has set ambitious climate commitments, aiming for a 50% reduction in CO2 emissions from Scope 1 and 2 by 2030, with a baseline starting in 2021. Additionally, Correos is committed to achieving carbon neutrality by 2030, with a focus on reducing emissions as a primary strategy. Looking ahead, Correos has established a global target to reduce its combined Scope 1 and 2 emissions by 21% by 2028, which translates to a minimum annual reduction of 4.2%. Furthermore, the company aims for a 12.5% reduction in Scope 3 emissions over the same period, equating to a 2.5% annual decrease. These initiatives reflect Correos' commitment to sustainability and its proactive approach to addressing climate change within the logistics and postal services sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 35,293,000 | 00,000,000 |
| Scope 2 | 774,000 | 000,000 |
| Scope 3 | 119,496,000 | 000,000,000 |
How Carbon Intensive is Sociedad Estatal Correos y Telegrafos, SA's Industry?
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Sociedad Estatal Correos y Telegrafos, SA's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sociedad Estatal Correos y Telegrafos, SA has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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