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 76% 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 230,000,000 kg CO2e from Scope 1 and 1,450,000,000 kg CO2e from Scope 2 emissions. This data reflects a significant operational footprint, with no reported Scope 3 emissions. Comparatively, emissions in previous years were as follows: in 2016, Veon emitted about 1,150,000,000 kg CO2e (190,000,000 kg CO2e from Scope 1 and 970,000,000 kg CO2e from Scope 2), and in 2015, the total was also around 1,150,000,000 kg CO2e, with 160,000,000 kg CO2e from Scope 1 and 990,000,000 kg CO2e from Scope 2. Despite these figures, Veon has not established specific reduction targets or initiatives, nor have they committed to any science-based targets (SBTi) or climate pledges. The absence of documented reduction strategies indicates a need for enhanced climate action within the organisation. Overall, Veon's emissions data highlights the importance of addressing carbon footprints in the telecommunications sector, particularly as they navigate their climate commitments moving forward.
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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.
