Telefónica

Telefónica, a post and telecommunication services company headquartered in Spain (ES), is actively committed to reducing its carbon footprint and achieving net-zero emissions.

In 2025, Telefónica reported total emissions of approximately 3.11 billion kg CO2e. This figure comprises Scope 1 emissions of around 80.18 million kg CO2e, Scope 2 market-based emissions of approximately 49.26 million kg CO2e, and Scope 3 emissions totalling roughly 2.80 billion kg CO2e. Scope 3 emissions were largely driven by purchased goods and services, accounting for approximately 1.83 billion kg CO2e, followed by downstream leased assets at about 301.88 million kg CO2e.

The company has set ambitious climate targets, including a commitment to achieve net-zero greenhouse gas emissions across its value chain by 2040, based on a 2015/2016 baseline. As part of its near-term strategy, Telefónica aims for a 90% reduction in Scope 1 and 2 GHG emissions by 2030, with a specific goal to achieve this reduction in its main markets by 2025. Furthermore, they are working towards a 56% reduction in absolute Scope 3 GHG emissions by 2030. Telefónica is also focused on improving energy efficiency, targeting a 95% reduction in energy consumption per unit of traffic by 2030. The company has also committed to offsetting 100% of its unabated Scope 1 and 2 emissions in key markets by 2025.