Telefónica

Telefónica, a telecommunications company headquartered in Spain, reported total carbon emissions of approximately 3.01 billion kg CO2e in 2025. This includes Scope 1 emissions of 80.18 million kg CO2e, Scope 2 emissions (market-based) of 49.26 million kg CO2e, and Scope 3 emissions of 2.80 billion kg CO2e.

Looking back, their total emissions in 2024 were approximately 2.92 billion kg CO2e, with Scope 1 at 91.31 million kg CO2e, Scope 2 (market-based) at 59.19 million kg CO2e, and Scope 3 at 2.78 billion kg CO2e. In 2023, total emissions were approximately 2.31 billion kg CO2e, comprising Scope 1 emissions of 122.46 million kg CO2e, Scope 2 (market-based) of 214.66 million kg CO2e, and Scope 3 emissions of 1.97 billion kg CO2e. This data indicates a fluctuating trend in overall emissions.

Telefónica has set ambitious climate commitments, validated by the Science Based Targets initiative (SBTi). The company commits to reaching net-zero greenhouse gas emissions across its value chain by 2040, using a 2015/2016 base year.

Their near-term targets include:

• An 80% absolute reduction in Scope 1 and Scope 2 GHG emissions by 2030, compared to a 2015 base year.
• A 56% absolute reduction in Scope 3 GHG emissions by 2030, compared to a 2016 base year.
• In their main markets (Spain, Germany, and Brazil), Telefónica aims for a 90% reduction in Scope 1 and Scope 2 emissions by 2025, from a 2015 base year, and to neutralise residual emissions by 2025.
• They also aim to improve energy consumption per unit of traffic (MWh/PB) by 90% by 2025 compared to 2015.

For long-term targets, Telefónica is committed to:

• A 90% reduction in Scope 1 and Scope 2 GHG emissions by 2040, from a 2015 base year.
• A 90% reduction in Scope 3 GHG emissions by 2040, from a 2016 base year.

Telefónica is also a signatory to The Climate Pledge, having joined in 2021.