Telefónica

Telefónica's reported carbon emissions

## Telefónica's Carbon Emissions and Climate Commitments Telefónica, headquartered in Spain and operating within the Post and telecommunication services (64) industry, has reported its carbon emissions data across various scopes. In 2025, Telefónica's total reported emissions were approximately 2.93 billion kg CO2e. This figure comprises: * **Scope 1 emissions:** Approximately 80.18 million kg CO2e. * **Scope 2 emissions (market-based):** Approximately 49.26 million kg CO2e. * **Scope 2 emissions (location-based):** Approximately 705.21 million kg CO2e. * **Scope 3 emissions:** Approximately 2.80 billion kg CO2e, with the largest contributions from purchased goods and services (approximately 1.83 billion kg CO2e) and downstream leased assets (approximately 301.88 million kg CO2e). In 2024, Telefónica's total reported emissions were approximately 2.93 billion kg CO2e. This included: * **Scope 1 emissions:** Approximately 91.31 million kg CO2e. * **Scope 2 emissions (market-based):** Approximately 59.19 million kg CO2e. * **Scope 2 emissions (location-based):** Approximately 721.98 million kg CO2e. * **Scope 3 emissions:** Approximately 2.78 billion kg CO2e, with purchased goods and services accounting for approximately 1.70 billion kg CO2e. For 2023, total emissions were approximately 2.31 billion kg CO2e, with Scope 1 at approximately 122.46 million kg CO2e, Scope 2 (market-based) at approximately 214.66 million kg CO2e, and Scope 3 at approximately 1.97 billion kg CO2e. ### Climate Commitments and Reduction Targets Telefónica has set ambitious climate targets, aligning with industry standards and the Science Based Targets initiative (SBTi). Key commitments include: * **Net-Zero by 2040:** Telefónica is committed to reaching net-zero greenhouse gas emissions across its value chain by 2040, with a 2015/2016 base year. * **Near-Term Targets:** * A reduction of 80% in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2030, compared to a 2015 base year. * A reduction of 56% in absolute Scope 3 GHG emissions by 2030, compared to a 2016 base year. * A reduction of 90% in Scope 1 and Scope 2 emissions by 2025 in its main markets (Spain, Germany, and Brazil), with a commitment to neutralise residual emissions through nature-based solutions. * A 90% reduction in energy consumption per unit of traffic (MWh/PB) by 2025, compared to 2015 levels. The company is also committed to achieving net-zero emissions in its main markets by 2025 for Scopes 1 and 2, with plans to neutralise residual emissions. Telefónica has also set targets for reducing emissions intensity, such as a 30% reduction in energy consumption per equivalent access (kWh/equivalent access) by 2015 from a 2007 base year. Telefónica has also signed the Climate Pledge, underscoring its commitment to accelerating decarbonisation efforts. The company's climate action plan includes a commitment to 100% renewable electricity by 2030.