Millicom International Cellular S.A. is a leading telecommunications and media company that primarily operates in Latin America and Africa. The company's primary function is to provide mobile services... Millicom International Cellular S.A. is a leading telecommunications and media company that primarily operates in Latin America and Africa. The company's primary function is to provide mobile services, fixed broadband, and cable television solutions to millions of customers in these regions. Millicom International Cellular S.A. plays a pivotal role in enhancing connectivity and digital inclusion by deploying both 3G and 4G mobile technologies and advancing fiber-based internet services. In addition to telecommunications, the company invests in digital applications, such as mobile financial services, to offer comprehensive access to banking facilities for underbanked populations. Established in 1990, Millicom, headquartered in Luxembourg, significantly impacts emerging markets by contributing to economic development and fostering digital transformation. The company's strategic focus on growth in underpenetrated regions underscores its commitment to expanding digital infrastructure and improving connectivity across its operating territories. Millicom International Cellular S.A. is a key player in driving technological advancement and enhancing communication networks, which are crucial for modernizing industries and supporting a growing global digital economy.
Millicom International Cellular's EU Taxonomy Data Preview
In 2024, Millicom International Cellular was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Millicom International Cellular has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Millicom International Cellular are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Turnover
Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Turnover
Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Turnover
Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Opex
Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Opex
Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Opex
Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Capex
Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Capex
Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Capex
Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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Verified Sources Behind Millicom International Cellular’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Millicom International Cellular’s data sources below and access millions more through our Disclosure Search.
c. Millicom International Cellular's EU Taxonomy Report 2022
Insights into Millicom International Cellular's Revenues from Sustainable Activities
In 2024, Millicom International Cellular reported EU Taxonomy-eligible revenues of USD 94.00 million, representing 1.6% of its total turnover. Of this amount, USD 0 of Millicom International Cellular's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Insights into Millicom International Cellular's CAPEX from Sustainable Activities
In 2024, Millicom International Cellular reported EU Taxonomy-eligible CAPEX of USD 154.00 million,representing 16.6% of its total CAPEX. Of this amount, USD 15.00 million of Millicom International Cellular's CAPEX was classified as EU Taxonomy-aligned, indicating that 1.6% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Millicom International Cellular's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Millicom International Cellular's increased its investment in sustainable activities over time?
Since 2022, Millicom International Cellular's taxonomy-aligned capital expenditure (CAPEX)decreased by 40.74%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Millicom International Cellular's taxonomy-aligned CAPEX increased by 14.29%,highlighting Millicom International Cellular's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Millicom International Cellular's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Millicom International Cellular reported that USD 154.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 16.6% of the company's total CAPEX. Of this amount, USD 15.00 million (1.6% of total CAPEX) was classified as Taxonomy-aligned. This means that 15% of Millicom International Cellular's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Millicom International Cellular's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Millicom International Cellular reported that USD 15.00 million of its CAPEX was aligned under the EU Taxonomy, representing 1.6% of its total capital investment.a
This low alignment reflects that Millicom International Cellular is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Millicom International Cellular's Eligibility & Alignment Overview
Millicom International Cellular's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Millicom International Cellular's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Millicom International Cellular reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 1.6%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Millicom International Cellular is investing in climate-related solutions?
In 2024, Millicom International Cellular allocated USD 14.83 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 1.6% of the company's total capital expenditure,indicating that Millicom International Cellularhas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Millicom International Cellular's OPEX from Sustainable Activities
In 2024, Millicom International Cellular reported EU Taxonomy-eligible OPEX of USD 6.40 million,representing 2% of its total operating expenses (OPEX). Of this amount, USD 300,000 of Millicom International Cellular's OPEX was classified as EU Taxonomy-aligned, indicating that 0.1% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
How much of Millicom International Cellular's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Millicom International Cellular reported that USD 6.40 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 2% of the company's total OPEX. Of this amount, USD 300,000 (0.1% of total OPEX) was classified as Taxonomy-aligned. This means that 1.9% of Millicom International Cellular's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Millicom International Cellular's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Millicom International Cellular reported that USD 300,000 of its OPEX was aligned under the EU Taxonomy, representing 0.1% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Millicom International Cellular's Eligibility & Alignment Overview
Millicom International Cellular's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Millicom International Cellular's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Millicom International Cellular reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 0.1%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Millicom International Cellular's operational budget supports climate-related solutions?
In 2024, Millicom International Cellular allocated USD 325,000 of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.1% of the company's total OPEX,indicating that Millicom International Cellularhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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