Telefonica

Integrated Telecommunication Services
TEF.MC
€ 3.4 (0.92)%
Share price
$ 19 bn
Market Cap
$ 67 bn
Enterprise Value

Carbon footprint

8 Ton
GHG emissions per $ 1 mln investment
0.2x the weighted average for S&P 500
FY2021
How is this calculated?
-21%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+1.7%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2022
How is this calculated?

Telefonica aims to reduce Scope 1 + 2 by 70% by 2025 from a base year 2015

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Telefonica's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Telefonica aims to achieve net zero for all Scopes by 2040


This target has not been verified as science based according to SBTi
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 2021 at 537 Kt (-139 /-20.5% y-o-y). Also positively, carbon intensity declined to 12 t (-1.9 /-14.2% y-o-y).

Telefonica's Scope 3 emissions decreased to 2,072 Kt (-74 /-3.5% y-o-y). This is broadly in line with the declining trend (CAGR -3.8%) since 4Q'16.

The company is committed to reducing Scope 1 + 2 by 70% by 2025 from a base year 2015, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -137 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 39% by 2025 from a base year 2016, which translates into the estimated reduction of -121 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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