VEON Sustainability Profile
VEON Ltd., headquartered in the Netherlands, is a leading global telecommunications and technology company. Founded in 1992, VEON operates primarily in emerging markets across Europe, Asia, and Africa, providing a diverse range of services that include mobile and fixed-line telecommunications, broadband, and digital services. With a commitment to innovation, VEON has developed unique products such as its digital ecosystem, which integrates communication, entertainment, and financial services. The company has achieved significant milestones, including the launch of its mobile payment platform and various digital applications that enhance user experience. As a prominent player in the telecom industry, VEON is recognised for its strong market position and dedication to connecting millions of customers, making it a key contributor to the digital transformation in its operational regions.
DitchCarbon Score
How does VEON'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 Computer 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
VEON's score of 38 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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VEON's reported carbon emissions
In 2023, VEON reported total carbon emissions of approximately 600,000,000 kg CO2e, comprising 100,000,000 kg CO2e from Scope 1 and 500,000,000 kg CO2e from Scope 2 emissions. This reflects a consistent pattern from previous years, with similar emissions recorded in 2022 at about 700,000,000 kg CO2e (100,000,000 kg CO2e Scope 1 and 600,000,000 kg CO2e Scope 2). The company has not disclosed any Scope 3 emissions data. VEON has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for enhanced climate strategies within the organisation. The emissions data is sourced directly from VEON Ltd., with no cascading from a parent or related organisation. As VEON continues to operate in a rapidly evolving industry, addressing its carbon footprint will be crucial for aligning with global climate goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 210,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,170,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is VEON's Industry?
How Carbon Intensive is VEON's Location?
VEON'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.
VEON 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.
