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 71% 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 marked a significant increase from 2016, when emissions totalled about 1,150,000,000 kg CO2e, with Scope 1 emissions at 190,000,000 kg CO2e and Scope 2 emissions at 970,000,000 kg CO2e. In 2015, the company recorded total emissions of around 1,150,000,000 kg CO2e, with Scope 1 at 160,000,000 kg CO2e and Scope 2 at 990,000,000 kg CO2e. Despite these figures, Veon has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company does not disclose Scope 3 emissions, which typically encompass indirect emissions in the value chain. Veon's emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from Veon Srl. The company continues to focus on its operational emissions, with no current commitments to broader climate initiatives or pledges.
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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.
