Telefonica
Carbon footprint
Primary Climate Goal
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This target is most likely outdated and the company appears to have already achieved it
Secondary Climate Goal
Telefonica aims to achieve net zero for all Scopes by 2040
GHG emissions and Carbon intensity
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 (
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.