Telefónica Aims to Connect its Economic Goals with the UN Development Goals

Telefónica has pledged its support for worldwide development goals, stating that it aims to build infrastructure that is sustainable, robust, and of high quality.

Goal 9 of the United Nations’ Sustainable Development Goals (SDGs) addresses industry, innovation, and infrastructure.

However, in a policy statement, the corporation stated that it intends to examine how its actions match with all of the SDGs.

The SDGs are not isolated goals; but are linked to their respective targets to form a system or network, according to Elena Valderrábano, Telefónica’s global head of sustainability. As a result, it is possible to have a direct impact on some SDGs while also having an indirect impact on others.

 This interconnectedness allows us to more precisely create and change our contribution strategy over time, outlining the actions to be taken or the products or services that will help us achieve our goal of maximizing our contribution to the socio-economic development of the areas.

Telefónica, which has operations in Spain, Germany, and most of Latin America, has published A connected world, a sustainable world, a white paper in which it examines the direct and indirect effects of its operations.

The company recognizes the significance of its activities in terms of climate change, stating that it wants to “take advantage of decarbonization opportunities, be more competitive, and offer our customers low-emission connectivity, decoupling business growth and the incorporation of new technologies such as 5G or fiber deployment from the increase in greenhouse gas emissions.”

Telefónica says its energy and climate change goals “include being net-zero” and are in line with the Paris Agreement’s 1.5°C scenarios.

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