Telenor ASA is a leading multinational telecommunications company headquartered in Fornebu, Norway. Known primarily for its robust mobile network services, Telenor operates across several geographic r... Telenor ASA is a leading multinational telecommunications company headquartered in Fornebu, Norway. Known primarily for its robust mobile network services, Telenor operates across several geographic regions, including Scandinavia, Eastern Europe, and Asia. The company provides diverse services ranging from voice and data services to broadband and TV offerings. Telenor ASA plays a critical role in the digital transformation of societies within its operational territories by enhancing connectivity and delivering high-speed internet access. Additionally, the company is involved in industry-specific solutions, catering to sectors such as healthcare, agriculture, and education, thereby facilitating digital inclusion and innovation. In the financial markets, Telenor is regarded as a significant player due to its broad geographic presence and substantial customer base. Its focus on technological advancement and strategic investments in emerging markets underscores its commitment to expanding digital infrastructure globally, marking its importance in the telecommunications industry.
In 2024, Telenor 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.
Telenor has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Telenor 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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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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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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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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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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Limited Data Preview
You are viewing a limited preview of Telenor’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 2022.
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Verified Sources Behind Telenor’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 Telenor’s data sources below and access millions more through our Disclosure Search.
a. Telenor's Annual Report 2024
b. Telenor's Annual Report 2023
c. Telenor's Annual Report 2022
Insights into Telenor's Revenues from Sustainable Activities
In 2024, Telenor reported EU Taxonomy-eligible revenues of NOK 1.54 billion, representing 1.9% of its total turnover. Of this amount, NOK 0 of Telenor'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 Telenor's CAPEX from Sustainable Activities
In 2024, Telenor reported EU Taxonomy-eligible CAPEX of NOK 942.80 million,representing 5% of its total CAPEX. Of this amount, NOK 1.80 million of Telenor's CAPEX was classified as EU Taxonomy-aligned, indicating that 0.01% 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
Telenor's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Telenor's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Telenor's taxonomy-aligned CAPEX decreased by 93.33%,suggesting that Telenor may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Telenor's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Telenor reported that NOK 942.80 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 5% of the company's total CAPEX. Of this amount, NOK 1.80 million (0.01% of total CAPEX) was classified as Taxonomy-aligned. This means that 5% of Telenor'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 Telenor's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Telenor reported that NOK 1.80 million of its CAPEX was aligned under the EU Taxonomy, representing 0.01% of its total capital investment.a
This low alignment reflects that Telenor is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Telenor's Eligibility & Alignment Overview
Telenor's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Telenor's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Telenor reported that its taxonomy-aligned capital expenditure (CAPEX) 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 Telenor is investing in climate-related solutions?
In 2024, Telenor allocated NOK 1.89 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.01% of the company's total capital expenditure,indicating that Telenorhas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Telenor's OPEX from Sustainable Activities
In 2024, Telenor reported EU Taxonomy-eligible OPEX of NOK 113.00 million,representing 2.1% of its total operating expenses (OPEX). Of this amount, NOK 0 of Telenor's OPEX was classified as EU Taxonomy-aligned, indicating that 0% 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
Telenor's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Telenor's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Telenor's taxonomy-aligned OPEX decreased by 100%, suggesting that Telenor may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
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