Telefónica updates climate action plan, sticks to 2040 net-zero target

• Telefónica updated its Climate Action Plan, embedding climate targets into business decisions to support a net-zero emissions goal by 2040.
• Targets include a 90% cut in total emissions, with remaining emissions neutralized to reach net zero by 2040.
• In 2025, scope 1 and 2 emissions fell 92.8% versus 2015; scope 3 emissions dropped 28.2% versus 2016.
• It offset 100% of scope 1 and 2 emissions in Spain, Germany, Brazil by retiring 48,395 carbon credits.
• Sustainable financing reached 40.7% of total group funding at end-2025, reflecting deeper use of climate-linked capital allocation tools.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telefónica SA published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.