Telefónica, a multinational telecommunications company headquartered in Madrid (Spain), is one of the largest telephone operators and mobile network providers in the world. The company offers fixed and mobile connectivity as well as a wide range of digital services for residential and business customers. With 345 million users, Telefónica operates in Europe and Latin America.
Why Scope 3 emissions are so important
Scope 3 emissions, also known as value chain emissions, are indirect greenhouse gas (GHG) emissions both upstream and downstream of an organization's main operations. Many organizations find that the largest part of their carbon footprint lands within Scope 3, and that these emissions fall outside of the organizations' direct control. This makes them simultaneously the most important and the most challenging emissions to manage for many.
With a strong commitment to science-based targets (SBTs) for emissions reduction, Telefónica wanted to take specific action to reduce its Scope 3 emissions. Working side-by-side with Atos, Telefónica began to set up a strategic supplier engagement program in order to help suppliers set more ambitious emissions reduction targets.