Telefonica to Halve Emissions by 2025, Be Carbon Neutral by 2050

Date : 12/11/2019 @ 12:19PM
Source : Dow Jones News
Stock : Telefonica SA (TEF)
Quote : 6.98  0.14 (2.05%) @ 1:00AM
After Hours
Last Trade
Last $ 6.98 ◊ 0.00 (0.00%)

Telefonica to Halve Emissions by 2025, Be Carbon Neutral by 2050

Telefonica (NYSE:TEF)
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By Maitane Sardon

 

Telefonica SA (TEF.MC) said Wednesday that it aims to halve its carbon emissions in five years and be carbon neutral by 2050 as part of its goal to address climate change.

During the United Nations Climate Change Conference incarbon dio Madrid, the Spanish telecommunications company outlined five new climate goals including reducing its energy consumption per unit of data traffic by 85% and using only renewable energy by 2030.

Telefonica said these goals will help it halve its overall emissions by 2025 and be carbon neutral by 2050. The company said the growing digitization of its operations will help it achieve its decarbonization goals.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

December 11, 2019 07:04 ET (12:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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