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Press release Tele2 Group Feb 06 2024, 10:00 AM CET

Tele2 recognized by CDP with ‘A’ score for climate change efforts as the only telco in Sweden

Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) today announces that global environmental non-profit, CDP, has recognized Tele2 as the only telecom operator in Sweden, for its leadership in corporate transparency and performance on climate change by placing Tele2 on its annual ‘A List’ for the second year running.

Based on data reported through CDP’s 2023 Climate Change questionnaire, Tele2 is one of a limited number of companies that achieved an ‘A’ out of a ranking of more than 21,000 companies. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard in corporate environmental transparency. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform.

- We are very proud of Tele2’s placement on CDP’s ‘A List’ for the second year in a row, and that our efforts for climate action and transparency are continuing to receive international recognition. With our ambition to lead in sustainability, the ‘A’ ranking by CDP is also proof that we are moving in the right direction. It is also inspiring to see a significant increase in the number of companies this year joining CDP’s global climate movement, says Erik Wottrich, Head of Sustainability at Tele2.

 

Tele2 set its near-term science-based targets in 2021 and updated these in 2022 with a science-based net-zero target. Tele2 commits to:

-        reduce absolute scope 1 and 2 GHG emissions 90% by 2025 and 100% by 2029 from a 2019 base year.

-        reduce scope 3 GHG emissions 60% per subscription by 2029 from a 2019 base year.

-        reach net-zero greenhouse gas emissions across the value chain by 2035 from a 2019 base year.

 

Besides rapidly decarbonising its own operations, Tele2 is committed to reducing value chain emissions by promoting the circular economy and placing stricter demands on suppliers.

 

Read more about Tele2’s sustainability strategy and targets here.

 

 For more information, please contact:

Fredrik Hallstan, Head of PR, Phone: +46 761 15 38 30

Stefan Billing, Head of Investor Relations, Phone: +46 701 66 33 10

 

Note to editors

The full methodology and criteria for the A List is available on CDP’s website at: https://www.cdp.net/en/companies/companies-scores

The full list of companies that made this year’s CDP A List is available here: https://www.cdp.net/en/companies/companies-scores

 

 About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $136 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization - and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.