In 2008, the most important CSR issues on the world policymaking, economic, scientific and public agendas were the environment and climate change
In 2008 climate change strategy was given a bigger weighting on the Dow Jones Sustainability Index (6%). The Secretary General of the United Nations, Ban Ki Moon, called for a "New Green Deal" to trigger world economic recovery. The European Union made climate change a priority concern, and set targets for 2020 involving a 20% reduction in greenhouse gas emissions, a 20% improvement in energy efficiency, and a 20% rise in renewable energy generation. The United States changed course and finally joined the Kyoto Protocol, setting itself the goal of reducing emissions by 80% by 2050.… These developments have made it a natural choice to devote this supplement to Telefónica's CSR Report to the environment and climate change.
This is the first of a series of special reports which will put the spotlight on each year's major issue for the company and its stakeholders.
In 2008, Telefónica took the view that the most important CSR issues on the world policymaking, economic, scientific and public agendas were the environment and climate change.