Telefónica Earns 11th Consecutive Recognition in CDP’s ‘A List’ for Ongoing Climate Leadership

Telefónica Earns 11th Consecutive Recognition in CDP’s ‘A List’ for Ongoing Climate Leadership

(IN BRIEF) Telefónica has been recognized for the eleventh consecutive year in CDP’s ‘A List’ for its leadership in climate action. The company has successfully reduced its operational emissions by 81% and its value chain emissions by 51%, achieving significant decoupling of growth and carbon footprint. Telefónica’s efforts extend beyond its operations, providing digital solutions that assist other sectors in reducing their environmental impact. The company aims to achieve net-zero emissions by 2040, including its value chain, and become a Zero Waste company by 2030. Telefónica’s Global Environment and Energy Policy, supported by its Climate Action Plan, guides its climate strategy, ensuring its commitment to sustainability is embedded across all operations.

(PRESS RELEASE) MADRID, 8-Feb-2025 — /EuropaWire/ — Telefónica continues to solidify its leadership in climate action, as it is named for the eleventh consecutive year in the prestigious ‘A List’ by CDP, a non-profit organization renowned for its commitment to environmental transparency. The ‘A List’ is widely regarded as the benchmark for corporate environmental performance, guiding investors and analysts in assessing sustainability efforts across industries.

This recognition highlights Telefónica’s ongoing dedication to decarbonisation and transparency in environmental practices. CDP’s assessment of Telefónica’s 2023 performance emphasizes the company’s success in decoupling business growth from carbon emissions. Over the past eight years, Telefónica has reduced its operational emissions (scopes 1 and 2) by 81%, while cutting emissions from its entire value chain by 51%.

Elena Valderrábano, Telefónica’s Global Chief Sustainability (ESG) Officer, commented on the company’s continued focus on sustainability: “We are committed to accelerating responsible digitalisation that not only enhances our competitiveness but also generates a positive impact on society. In addition to reducing our emissions and increasing resilience, we actively support other businesses in improving their efficiency and reducing their carbon footprints. Our networks and digital solutions are vital enablers of the green transition.”

Telefónica’s efforts go beyond its own emissions reductions. The company is making significant strides in providing digital and connectivity solutions that help sectors such as energy, transport, and industry lower their carbon footprints. Telefónica’s climate commitment extends across the entire organization, with a firm goal to achieve net-zero emissions by 2040, including those from its value chain, and to become a Zero Waste company by 2030.

The company’s Global Environment and Energy Policy, supported by its Climate Action Plan, guides Telefónica’s climate-related strategies and ensures that sustainability is embedded in its operations worldwide. This comprehensive approach to climate risks and opportunities enables Telefónica to stay on track with its ambitious environmental goals while continuing to drive progress across various sectors.

About CDP
CDP is a global non-profit organisation that operates the world’s only independent environmental disclosure system for companies, capital markets, cities, states and regions to assess and manage their environmental impact. Founded in 2000, it works with more than 700 investors representing over $142 billion in assets.

More than 23,000 organisations worldwide, representing two-thirds of the world’s stock market capitalisation, along with more than 1,100 cities, states and regions report to CDP on climate change, forests and water security. CDP is a founding member of the Science Based Targets initiative (SBTi), We Mean Business Coalition, The Investor Agenda and Net Zero Asset Managers.

Media Contact:

Dirección de Comunicación Corporativa
email: prensatelefonica@telefonica.com
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SOURCE: Telefónica, S.A.