Energy and GHG Emissions Inventory: Aenor Verification

In Telefónica, since 2016, we have developed a comprehensive, accurate, and transparent inventory of GHG emissions, which considers the 3 scopes and forms the basis of our climate strategy. The revision of greenhouse emissions (GHG) inventories has a major relevance, therefore we have a responsibility to monitor and make a concerted effort to effectively manage our environmental impact. The results of this inventory are published in the Consolidated Management Report.

Telefónica has an AENOR Energy and Emissions Verification Statement:

Telefónica commissioned AENOR to perform a review. AENOR is accredited to conduct GHG verifications according to ISO 14064-3:2006. The review focuses on the Energy and Waste Sector. The purpose is to perform a limited revision of Telefónica’s GHG emissions inventory.

The purpose of this verification is to provide an independent and professional opinion on the information and data contained in Telefónica’s GHG report. The inventory of greenhouse gases (GHG) encompasses CO₂, CH₄, N₂O, HFCs, and HCFCs. The verification process takes into account GHG emissions that are attributable to the operations and facilities that are under the operational control of Telefónica. The Telefónica Group establishes geographic verification for the countries where it operates.

Results of the AENOR verification of the GHG emissions inventory

As a result of the verification process and in accordance with the previously agreed limited scope, AENOR concluded that no evidence has been found to indicate that the information on Greenhouse Gas (GHG) emissions reported in Telefónica’s Emissions Report for the period 2024 does not faithfully represent the emissions derived from its activities. This conclusion supports the veracity and consistency of the report within the scope and procedures applied during verification. 

Having the GHG emissions inventory verified by AENOR demonstrates our commitment to environmental responsibility and transparency.

Revisions provide an independent and objective assessment of a company’s emissions, ensuring accuracy and transparency in reporting. This not only aids in regulatory compliance but also enhances corporate reputation and trust among stakeholders. Furthermore, it can guide strategic decision-making towards more sustainable practices, contributing to global efforts to mitigate climate change. In an era where environmental responsibility is valued, such audits are crucial. They serve as an important aspect of corporate sustainability and accountability.

You can read the full Aenor Verification Statement in the link below: