Telefonica
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OVERALL |
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Owned |
ESP |
Rating |
N/A |
Telecommunications
Telefonica SA | ESP | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Telefonica SA | ||||
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A.
Source: CDP (2023)
The 2023 Digital Inclusion Benchmark ranks 200 companies on their responsibility to advance a more inclusive digital society. The companies were assessed using four measurement areas: access, skills, use and innovation. This company ranked #1/200, with a total score of 85.2/100.
Source: World Benchmarking Alliance (2023)
This company received an S&P Global ESG Score of 86/100 in the Telecommunication Services category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 8 Dec 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
This company is a Carbon Trust Standard Bearer, signifying they have certified reductions in the environmental impact of their operations and supply chain
Source: Carbon Trust (2021) |
In 2019 the Spanish regulator CNMC fined this company 6 million euros for continually carrying out different discriminatory behaviours against its competitors. The telco worsened the times and conditions for the provision and resolution of breakdowns of the wholesale services NEBA copper and fibre without any just cause. CNMC says that these offending behaviours developed throughout 2017 and 2018. An investigation concluded that Telefonica had breached the obligation of non-discrimination imposed on it given its position as an operator with significant market power in wholesale markets.
Source: Broadband TV News (2019)
In 2019 Telefonica Brasil, a subsidiary of this company, agreed to pay a US$4.1 million fine to settle charges related to how it accounted for ticket purchases and a hospitality program it hosted at major international soccer tournaments, the US Securities and Exchange Commission (SEC) said. The SEC said the Brazilian subsidiary gave 2014 World Cup and 2013 Confederations Cup tickets to Brazilian officials who were involved with, or in a position to influence, legislation, regulatory approvals and business dealings involving the company. It also said that Telefonica Brasil didn't accurately characterize payments for tickets in its books and failed to adequately enforce corporate antibribery and anticorruption policies. The SEC charged the company with violating the U.S. Foreign Corrupt Practices Act.
Source: Wall Street Journal (2019) |
In 2019 Telefonica Brasil, a subsidiary of this company, and three firms in its supply chain were found guilty of engaging in slave labour. A panel of labor judges in Espirito Santo state ruled that Telefonica, publicly traded as Vivo in Brazil, was culpable after workers toiled in slavery-like conditions during the building of a cellphone tower in 2014. The decision supports the idea that companies be held responsible for labor abuses within their supply chain. The company and its contractors will be fined R$200,000 (US$53,167), but also risk being added to a "dirty list" of companies found guilty of slave labor by labor courts.
Source: Reuters (2019)
This company received a score of 45.6/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: responsible corporate engagement in climate policy; report climate change information in mainstream reports as a fiduciary duty; adopt a science-based emissions reduction target; commit to 100% renewable power.
Source: We Mean Business (2021)
This company appears on the 2021 Bloomberg Gender-Equality Index, signifying a commitment to supporting gender equality through policy development, representation, and transparency.
Source: Bloomberg (2021)
This company is a participant in the Public-Private Alliance for Responsible Minerals Trade (PPA), a multi-sector and multi-stakeholder initiative to support supply chain solutions to conflict minerals challenges in the Democratic Republic of Congo (DRC) and the Great Lakes Region (GLR) of Central Africa. The PPA provides funding and coordination support to organizations working within the region to develop verifiable conflict-free supply chains; align chain-of-custody programs and practices; encourage responsible sourcing from the region; promote transparency; and bolster in-region civil society and governmental capacity.
Source: PPA (2019)
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI (2019)
Ranking Digital Rights (RDR) evaluates and ranks 12 of the world's most powerful telecommunications companies on their policies and practices affecting people's rights to freedom of expression and privacy. In RDR's 2022 Telco Giants Scorecard, none of the digital platforms earned a passing grade. This company ranked first with a total score of 57/100.
Source: Ranking Digital Rights (2022) |
Company Details
Type | Public company |
Founded | 1924 |
Revenue | 43 billion EUR (2020) |
Employees | 113,182 (2020) |
Subsidiaries | Telefonica UK Ltd
Telecommunications UK's largest mobile network operator. |
Contact Details
Address | Madrid, Spain |
Website | telefonica.com |