Telefonica S.A. is a major telecommunications company based in Spain that plays a pivotal role in the global communications sector. With a core function of providing a range of digital and telecom sol... Telefonica S.A. is a major telecommunications company based in Spain that plays a pivotal role in the global communications sector. With a core function of providing a range of digital and telecom solutions, Telefonica offers fixed and mobile telephony, broadband, and internet access services, emphasizing its commitment to connectivity and digital innovation. Operating primarily across Europe and Latin America, Telefonica influences diverse markets, impacting industries such as technology, media, and telecommunications through its vast network infrastructure and digital ecosystem.
As a leading player in the international telecommunications landscape, Telefonica is instrumental in driving advancements in digital transformation and connectivity. The company is particularly noted for its investments in next-generation networks such as 5G and fiber optics, which facilitate high-speed internet and enhanced communication capabilities. Through its business units and brands like Movistar, O2, and Vivo, Telefonica continues to expand its reach and adapt to the evolving demands of the digital age, underscoring its importance in shaping the way individuals and businesses connect globally.
In 2024, Telefonica 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.
Telefonica has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Telefonica are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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5.5 CE - Product-as-a-service and other circular use- and result-oriented service models
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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Metric (tonnes)
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2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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5.5 CE - Product-as-a-service and other circular use- and result-oriented service models
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.4 CCM/CCA - Installation, maintenance and repair of charging stations for electric vehicles in buildings (and parking spaces attached to buildings)
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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Limited Data Preview
You are viewing a limited preview of Telefonica’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2021.
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Verified Sources Behind Telefonica’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 Telefonica’s data sources below and access millions more through our Disclosure Search.
a. Telefonica's Annual Report 2024
b. Telefonica's Annual Report 2023
c. Telefonica's Annual Report 2022
Insights into Telefonica's Revenues from Sustainable Activities
In 2024, Telefonica reported EU Taxonomy-eligible revenues of EUR 2.58 billion, representing 6.2% of its total turnover. Of this amount, EUR 1.27 billion of Telefonica's revenues was classified as EU Taxonomy-aligned, indicating that 3.1% 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
Telefonica's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Telefonica's revenues become more sustainable over time?
Compared to the previous year (2023), Telefonica's taxonomy-aligned revenues increased by 93.75%,highlighting Telefonica's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Telefonica's revenue is eligible under the EU Taxonomy?
In 2024, Telefonica reported that EUR 2.58 billion of its revenue was eligible under the EU Taxonomy, representing 6.2% of the company's total turnover. Of this amount, EUR 1.27 billion (3.1% of total revenue) was classified as Taxonomy-aligned. This means that 3.2% of Telefonica's revenue is eligible but not aligned, indicating that these activities 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.a
How much of Telefonica's eligible revenue is aligned with the EU Taxonomy?
In 2024, Telefonica reported that EUR 1.27 billion of its revenue was aligned under the EU Taxonomy, representing 3.1% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Telefonica's Eligibility & Alignment Overview
Telefonica's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Telefonica's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Telefonica reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 1.9%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 1.1%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Telefonica earn from selling climate-related solutions ?
In 2024, Telefonica reported that EUR 784.99 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 1.9% of the company's total revenue,indicating that Telefonicahas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Telefonica's CAPEX from Sustainable Activities
In 2024, Telefonica reported EU Taxonomy-eligible CAPEX of EUR 741.00 million,representing 9.6% of its total CAPEX. Of this amount, EUR 575.00 million of Telefonica's CAPEX was classified as EU Taxonomy-aligned, indicating that 7.4% 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
Telefonica's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Telefonica's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Telefonica's taxonomy-aligned CAPEX increased by 1,380%,highlighting Telefonica'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 Telefonica's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Telefonica reported that EUR 741.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 9.6% of the company's total CAPEX. Of this amount, EUR 575.00 million (7.4% of total CAPEX) was classified as Taxonomy-aligned. This means that 2.1% of Telefonica'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 Telefonica's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Telefonica reported that EUR 575.00 million of its CAPEX was aligned under the EU Taxonomy, representing 7.4% of its total capital investment.a
This low alignment reflects that Telefonica is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Telefonica's Eligibility & Alignment Overview
Telefonica's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Telefonica's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Telefonica reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.4%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 7%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Telefonica is investing in climate-related solutions?
In 2024, Telefonica allocated EUR 31.00 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.4% of the company's total capital expenditure,indicating that Telefonicahas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Telefonica's OPEX from Sustainable Activities
In 2024, Telefonica reported EU Taxonomy-eligible OPEX of EUR 27.20 million,representing 1% of its total operating expenses (OPEX). Of this amount, EUR 200,000 of Telefonica's OPEX was classified as EU Taxonomy-aligned, indicating that 0.01% 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
Telefonica's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Telefonica's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Telefonica's taxonomy-aligned OPEX remained relatively stable, indicating that Telefonica maintained consistent levels of sustainable operational expenditure, without significant changes in taxonomy-aligned activity coverage.a, b
How much of Telefonica's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Telefonica reported that EUR 27.20 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 1% of the company's total OPEX. Of this amount, EUR 200,000 (0.01% of total OPEX) was classified as Taxonomy-aligned. This means that 1% of Telefonica'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 Telefonica's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Telefonica reported that EUR 200,000 of its OPEX was aligned under the EU Taxonomy, representing 0.01% 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.
Telefonica's Eligibility & Alignment Overview
Telefonica's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Telefonica's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Telefonica reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.01%
Climate Change Adaptation: 0%
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 Telefonica's operational budget supports climate-related solutions?
In 2024, Telefonica allocated EUR 271,300 of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.01% of the company's total OPEX,indicating that Telefonicahas 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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