Annual Report 2021
Annual Report 2021
Telenor’s Annual Report for 2021 covers financial statements, sustainability reporting, an overview of 2021 performance and the company’s strategy. Below you will find messages from our President and CEO, Sigve Brekke, and the Chair of the Board in Telenor, Gunn Wærsted.
Letter from the CEO
In 2018 the number of devices connected to the web was 7 billion. By 2025, it's believed to be more than 75 billion. Digitalisation is changing the world fundamentally, and it will just accelerate in the coming decade, transforming societies and our everyday life. At the same time, the world around us quivers. After two years of a pandemic, we now face new and uncertain times after the Russian invasion of Ukraine, and in Myanmar the military still has the power one year after the takeover. The UNs Intergovernmental Panel on Climate Change (IPCC) has issued a "code red for humanity", and many of us wonder what kind of earth we are leaving behind for our children and grandchildren.
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Letter from the Chair
Last year, I began my letter by asking the question: Who could have imagined the changes 2020 would bring? The same question is equally relevant now. Not because of the pandemic, which is still with us despite most restrictions being lifted, but rather the challenges we are facing that were unthinkable just a short while ago. Russia's invasion of Ukraine has created war in Europe, and we can already see that 2022 will be a year marked by major upheavals in security policy priorities, global financial markets, international trade, politics, global value chains and economic growth.
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