Veon Sustainability Profile
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 23 is lower than 75% 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 2017, Veon reported total carbon emissions of approximately 1,690,000,000 kg CO2e, comprising about 230,000,000 kg CO2e from Scope 1 and about 1,450,000,000 kg CO2e from Scope 2 emissions. This data indicates a significant carbon footprint, primarily driven by energy consumption in operations. Comparatively, in 2016, Veon's emissions were about 1,150,000,000 kg CO2e, with Scope 1 emissions at approximately 190,000,000 kg CO2e and Scope 2 emissions at about 970,000,000 kg CO2e. In 2015, the total emissions were similar, at around 1,150,000,000 kg CO2e, with Scope 1 at about 160,000,000 kg CO2e and Scope 2 at approximately 990,000,000 kg CO2e. Despite these figures, Veon has not established specific reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data suggests a potential area for future reporting and improvement. Overall, Veon's emissions data reflects a substantial environmental impact, highlighting the need for enhanced climate commitments and strategies to reduce carbon emissions in line with industry standards.
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| 2015 | 2016 | 2017 | |
|---|---|---|---|
| Scope 1 | 160,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 990,000,000 | 000,000,000 | 0,000,000,000 |
| 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.
