Telefonica

Integrated Telecommunication Services
TEF.MC
€ 3.7 1.1
Share price
$ 23 bn
Market Cap
$ 71 bn
Enterprise Value

Carbon footprint

5 Ton
GHG emissions per $ 1 mln investment
0.15x the weighted average for S&P 500
FY2022
How is this calculated?
-34%
YOY change in GHG emissions
Weaker than the +0.5% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

+1%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2023
How is this calculated?

Telefonica aims to reduce Scope 1 + 2 by 80% by 2030 from a base year 2015

This target is most likely outdated and the company appears to have already achieved it
1.5°C
Telefonica's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.6%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.5% weighted average for S&P 500
FY2023
How is this calculated?

Telefonica aims to achieve net zero for all Scopes by 2040


1.5°C
Telefonica's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Telefonica's GHG emissions (market-based) (Kt of CO2e)
Telefonica's Carbon intensity (Tons per 1 USDm)

Telefonica's carbon footprint

Telefonica reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2022 at 353 Kt (-183 /-34.2% y-o-y). Also positively, carbon intensity was down at 8.4 t (-3.1 /-27% y-o-y).

Telefonica's Scope 3 emissions was down at 1,930 Kt (-142 /-6.9% y-o-y). The decline accelerated compared to the CAGR of -4.2% since 4Q'16.

The company is committed to reducing Scope 1 + 2 by 80% by 2030 from a base year 2015, which it appears to have already achieved as of 2022. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -127 Kt per annum over the period of FY2023 - FY2040. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Company environmental metrics

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