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In order to reach the Paris climate agreement goal of limiting global warming to well below 2°C, preferably to 1.5°C, the world will need to rapidly cut global emissions of greenhouse gases (GHG), and this decade will be critical. Telenor will do its part to support this effort. This means reducing our own emissions, whilst playing a vital part as facilitator for third parties to be able to reduce theirs.

Climate risks include damage to vital infrastructure and utilities through the impact of more extreme weather events. At the same time, the mobile industry’s technology and smart services through the Internet of Things (IoT) have the potential to cut global carbon emissions, reduce resource intensity, stimulate economic growth and deliver substantial social benefits. A GSMA industry study demonstrates how mobile and smart technologies are powering sustainable economic growth while enabling the avoidance of emissions across multiple industry sectors. These emissions savings were almost ten times greater than the global carbon footprint of the mobile industry itself.

Telenor is committed to meet the expectations of our stakeholders. To this end, Telenor is working through GSMA and other fora to promote science-based targets, increased use of renewable energy and other cross-industry climate efforts.

Read more about Telenor’s Climate ambitions, targets and efforts in the 2021 Sustainability Report (page 46).

Telenor and climate risk

Telenor’s climate risk reporting follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). As highlighted in our TCFD climate risk assessment, multiple climate risks and opportunities exist for Telenor and ICTs more broadly. Telenor’s 2021 TCFD report highlights the most material risks and opportunities the company faces.

Climate goals towards 2030

Telenor will continue to mitigate climate-related physical risks by ensuring robust infrastructure and safeguarding its operations. Telenor will drive a climate agenda that contributes to its position as a trusted brand, with a key focus on responsible business conduct and value creation.

Telenor’s climate targets towards 2030 are based on the ICT sector-specific decarbonization pathway approved by the Scientific Based Targets initiative (SBTi). The climate goals towards 2030 will allow Telenor to support the Paris Agreement goal of limiting global warming to 1.5°C. The SBTi has approved Telenor’s greenhouse gas (GHG) emission reduction targets. The approval confirms that our climate targets are in line with what climate science deems necessary to meet the Paris Climate Agreement target of limiting global warming to 1.5°C above pre-industrial levels.

Telenor’s approved Climate Goals are to:

  • Reduce emissions of GHGs from our global operations by 57%, from a 2019 baseline, by 2030. For the two regions where we operate, this means:
    - The Nordic operations: Telenor’s ambition for the Nordics is carbon-neutral business operations by 2030, focusing on energy efficiency measures in network operations, purchasing renewable electricity, and enabling carbon neutral services.
    - The Asian operations: Telenor’s ambitions for the Asian operations is a 50 per cent reduction in carbon emissions by 2030 (from a 2019 baseline), focusing on substituting diesel generators with solar solutions at base stations and exploring other renewable electricity options in the region.

  • 68% of our suppliers, by spend, within the categories Purchased Goods, Services and Capital Goods, shall set science-based targets within 2025.

Research

In 2021, we released our first Digital Outlook. In this report, industry experts, academics, and innovators present their take on how the digital shift will advance greener ways of living, learning, and working. We invite you into this 2030 vision to reflect on what it will take to fulfil our ambitions for a smarter future.

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