Telefónica’s environmental strategy is designed to promote the environmental sustainability of our operations, customers and suppliers. It also allows us to generate value for our Company through cost reduction and new revenue generation.

We also have ambitious targets to reduce our impact on climate change and promote the decarbonisation of other sectors of the economy through our services.

In 2020 we set ourselves ambitious new goals which go further than the Paris Agreement. We will be a company with net zero emissions in our own operations in main markets by 2025 and, including our value chain and HispAm, by 2040 at the latest. In order to achieve this, we will reduce emissions in line with the 1.5ºC scenario and neutralise residual emissions through projects based on nature. In this way, we will reduce our emissions by 70% by 2025 (90% in our main markets) and emissions in our value chain by 39%.

The information on this page was provided by Telefónica on Apr 20, 2021