About the Report

This is Telefónica's Corporate Social Responsibility Report for the 2008 fiscal year, the seventh such report that Telefónica S.A. has published.

Telefónica is presenting its seventh Corporate Social Responsibility Report, once again showing its commitment to transparency. This year, there are three versions of the Report: a paper copy of the Executive Summary, an environment-specific supplement, and this exhaustive online version.

Telefónica's CSR Report is part of a communication structure which includes this comprehensive Report and local Reports of our performance in Spain, Argentina, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Nicaragua, Mexico, Panama, Peru, Uruguay, Venezuela, United Kingdom, Germany, Ireland and the Czech Republic.