Veon
Veon Ltd., commonly referred to as Veon, is a prominent telecommunications and technology company headquartered in Amsterdam, Netherlands, with significant operations across Eastern Europe, South Asia, and Africa. Founded in 1992, Veon has evolved from a traditional telecom provider into a digital services leader, marking key milestones such as its expansion into mobile financial services and digital content. The company offers a diverse range of core products and services, including mobile voice and data services, broadband, and innovative digital solutions. What sets Veon apart is its commitment to integrating technology with telecommunications, enabling enhanced customer experiences through unique platforms. With a strong market position, Veon has garnered recognition for its contributions to digital transformation in emerging markets, solidifying its reputation as a forward-thinking player in the industry.
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 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
Veon's score of 26 is lower than 55% 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 2019, Veon reported total carbon emissions of approximately 1,250,000,000 kg CO2e, comprising 160,000,000 kg CO2e from Scope 1 and 1,100,000,000 kg CO2e from Scope 2 emissions. This marked a significant increase from 2018, where total emissions were about 800,000,000 kg CO2e, with Scope 1 emissions remaining constant at 160,000,000 kg CO2e and Scope 2 emissions decreasing to 650,000,000 kg CO2e. Over the years, Veon has demonstrated a commitment to reducing its carbon footprint. The company aims to achieve carbon neutrality by 2050 for both Scope 1 and Scope 2 emissions, with initiatives starting in 2023. This long-term goal reflects Veon's dedication to sustainability and aligns with industry standards for climate action. The emissions data is not cascaded from any parent organization, indicating that Veon independently reports its carbon emissions and climate commitments. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Overall, Veon's emissions strategy and targets underscore its commitment to addressing climate change and reducing its environmental impact in the telecommunications sector.
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| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Scope 1 | 160,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 990,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Veon is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
