Telecom Italia

Integrated Telecommunication Services
TIT.MI
€ 0.23 0.13
Share price
$ 4.8 bn
Market Cap
$ 38 bn
Enterprise Value

Carbon footprint

14 Ton
GHG emissions per $ 1 mln investment
0.39x the weighted average for S&P 500
FY2021
How is this calculated?
-15%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Telecom Italia aims to achieve carbon neutrality for Scope 1 + 2 by 2030


1.5°C
Telecom Italia's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7% weighted average for S&P 500
FY2022
How is this calculated?

Telecom Italia aims to achieve net zero for all Scopes by 2040


This target has not been verified as science based according to SBTi
Telecom Italia's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Telecom Italia's GHG emissions (market-based) (Kt of CO2e)
Telecom Italia's Carbon intensity (Tons per 1 USDm)

Telecom Italia's carbon footprint

Telecom Italia reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 533 Kt (-93 /-14.9% y-o-y). At the same time, carbon intensity .

Telecom Italia's Scope 3 emissions surged to 5,277 Kt (+5,269/+62790% y-o-y). There has been no clear trend lately.

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -59 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -306 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Telecom Italia aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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