Telefónica
Visit at https://www.telefonica.com/en/
Telefónica
Telefónica, S.A. is a Spanish multinational telecommunications company providing fixed and mobile telephony, broadband, and subscription television services, operating in Europe and the Americas.
Positive signals
Telefónica is ranked as the top company in its sector in both the Digital Inclusion Benchmark and the Social Benchmark by the World Benchmarking Alliance as of 2024.
Telefónica has been included on the CDP Climate Change A List for the 11th consecutive year as of 2024, recognizing its leadership in climate action and transparency.
Telefónica SA received a 'Low' ESG Risk Rating of 15.4 from Sustainalytics in November 2024, ranking 9th out of 201 companies in its industry, with a 'Strong' management score for handling material ESG risks.
Telefónica achieved an 84.8% reduction in Scope 1 & 2 operational emissions by 2024 compared to 2015, and has offset 72% of unabated Scope 1 & 2 emissions in key markets through nature-based carbon credits.
The Workforce Disclosure Initiative (WDI) recognized Telefónica as the most outstanding telecom globally for transparency and commitment to talent, awarding it a disclosure score of 94% in 2024.
Concerns
No specific labor concerns found
LOW
Source →Telefónica's Scope 3 value chain emissions have only decreased by 31.3% as of 2024, falling short of its 56% reduction target by 2030 and highlighting ongoing challenges in supplier engagement and decarbonization.
MEDIUM
Source →Fitch Ratings downgraded Telefónica del Peru's issuer default ratings to 'RD' (restricted default) in April 2025, reflecting financial distress and raising concerns about governance and risk management in the subsidiary.
HIGH
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