Telefónica has been named to CDP’s highest-rated supplier engagement list for a seventh straight year, a recognition that underscores the Spanish telecoms group’s push to tighten climate standards across its supply chain.
CDP, the environmental disclosure non-profit, places companies on its annual Supplier Engagement Assessment “A List” for leadership in managing emissions beyond their own operations and for working with suppliers on climate action. Telefónica said it...
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was one of just 10 European telecoms operators and 40 telecoms companies worldwide to feature among roughly 1,400 firms assessed.
The company said it has cut carbon emissions across its value chain by 49% since 2015, while reducing operational emissions from its own activities by 91% over the same period. That puts it ahead of the 90% reduction target it had set for 2025, according to the group. It has also reduced Scope 3 emissions, which include suppliers and product use, by 34% since 2016.
Telefónica is aiming for net zero across its value chain by 2040, a goal it says has been validated by the Science Based Targets initiative. Its sustainability team has framed supplier engagement as central to that plan, arguing that the bulk of emissions sit outside the company’s direct control.
Maya Ormazabal, global director of sustainability at Telefónica, said the supply chain was essential to building a more efficient and lower-carbon economic model, and that pushing higher standards on suppliers would help reduce transition risks and improve competitiveness.
The company has recently revised its global supply chain sustainability policy and supplier code of conduct to reflect new European reporting and due diligence requirements, including the Corporate Sustainability Reporting Directive. Telefónica says all suppliers must now sign up to its code of conduct, which embeds environmental, social and governance criteria from the start of the contract.
It is also focusing its engagement on suppliers with the largest carbon footprints, encouraging them to participate in CDP Supply Chain and to adopt science-based emissions targets. The group has further expanded sector co-operation through its Carbon Reduction Programme, launched in 2023, which now involves more than a dozen operators.
For Telefónica, the latest recognition reinforces a broader corporate strategy in which climate performance is treated as part of business resilience rather than a separate sustainability exercise. The company has also been included on CDP’s main A List for climate action for a twelfth consecutive year.
Source: Noah Wire Services
