The Telefónica Global Energy and Climate Change Workshop is a yearly meeting of the company’s leaders in energy transformation and other principal collaborating companies. 
 
The event’s main goal is to take advantage of the current opportunities that abound in this field and to encourage innovation in order to reduce Telefónica’s energy consumption and carbon footprint at a global level. At this event, presentations are given on the most recent initiatives in renewable energies and energy efficiency. It will be a moment for analysis and for setting new challenges: the event brings together the different areas of the company that are responsible for network infrastructure, finances, purchasing and sustainability. 
 
Every year more than 250 attendees from all the countries in which Telefónica operates meet at the event, so after 10 years of meetings, we can say our Global Energy and Climate Change Workshop is clearly an established and key event for promoting a low-carbon economy at Telefónica. 

Telefónica is aware of its role as a driver of change in the economy and society through digitalization. In fact, the ICT sector is one of the six major sectors of activity that are included in the European regulation on the taxonomy of sustainable activities and is therefore a sector that has the potential to contribute substantially to the climate targets set by the European Union. 

Telefónica aims to lead through example and reduce its own emissions, as well as those of its value chain. Therefore, in 2020, knowing the urgency of reducing CO2 emissions, Telefónica increased its climate ambition and announced new Energy and Climate Change targets for 2025, 2030 and 2040, aligned with the 1.5ºC scenario of the Paris Agreement and validated by the SBTi initiative. 

Our networks are green: we are 100% renewable in Europe, Brazil and Peru, fibre is 85% more energy efficient than copper and 5G is 90% more energy efficient than 4G

Sustainable financing contributes to Telefónica's decarbonisation strategy and its goals to reduce emissions and energy consumption. 

Telefónica is one of the largest sustainable issuers in the telecommunications sector in the bond market, both in terms of volume, number and diversification of issues (green senior bonds, green or sustainable hybrid instruments, etc.). By 2022, we have reached the target we had set ourselves of exceeding 10 billion in sustainable financing. To this end, Telefónica has a Sustainable Financing Framework (updated in 2021 and verified by Sustainalytics), which allows it to issue green, social and sustainable bonds, which is reviewed periodically and we continue to work to expand ESG criteria in our financing model on an ongoing basis and we have set ourselves the goal of achieving 25% of our financing to be sustainable by 2025. You can consult all the information on Telefónica's sustainable financing issuance history.  

The Telefónica Global Energy and Climate Change Workshop is a yearly meeting of the company’s leaders in energy transformation and other principal collaborating companies. 
 
The event’s main goal is to take advantage of the current opportunities that abound in this field and to encourage innovation in order to reduce Telefónica’s energy consumption and carbon footprint at a global level. At this event, presentations are given on the most recent initiatives in renewable energies and energy efficiency. It will be a moment for analysis and for setting new challenges: the event brings together the different areas of the company that are responsible for network infrastructure, finances, purchasing and sustainability. 
 
Every year more than 250 attendees from all the countries in which Telefónica operates meet at the event, so after 10 years of meetings, we can say our Global Energy and Climate Change Workshop is clearly an established and key event for promoting a low-carbon economy at Telefónica.