Potential offtaker

Magyar Telekom Plc.

www.telekom.hu

Estimated electricity consumption

N/A

Countries of production presence

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Magyar Telekom Plc. is a leading telecommunications company in Hungary that provides a wide range of services, including mobile and fixed-line telephony, broadband internet, and television. The company is committed to sustainability and has taken several initiatives to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus area for Magyar Telekom, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2020, the company achieved a 49% reduction in CO2 emissions compared to its 2015 baseline. The company plans to further reduce its emissions by 50% by 2030 and achieve net-zero emissions by 2050.

One of the ways Magyar Telekom is achieving its decarbonisation goals is through the use of renewable energy. The company has invested in several renewable energy projects, including wind and solar power, to reduce its reliance on fossil fuels. Magyar Telekom has also implemented energy efficiency measures, such as upgrading its network infrastructure and using energy-efficient equipment, to reduce its energy consumption.

Corporate energy is another area of focus for Magyar Telekom. The company has implemented a comprehensive energy management system to monitor and control its energy use. This system includes energy audits, energy efficiency measures, and renewable energy projects. Magyar Telekom also engages with its suppliers to promote energy efficiency and sustainability throughout its supply chain.

Corporate power purchase agreements (PPAs) are an important tool for Magyar Telekom to achieve its renewable energy goals. The company has signed several long-term PPAs with renewable energy providers to secure a reliable and cost-effective source of renewable energy. These PPAs provide Magyar Telekom with access to renewable energy that is generated off-site, which helps the company to reduce its carbon footprint without having to invest in renewable energy infrastructure.

Magyar Telekom's commitment to sustainability has been recognized by several organizations. The company has been included in the Dow Jones Sustainability Index for several years and has received several awards for its sustainability initiatives. Magyar Telekom is also a member of several sustainability initiatives, including the UN Global Compact and the Carbon Disclosure Project.

In conclusion, Magyar Telekom Plc. is a leading telecommunications company in Hungary that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its greenhouse gas emissions and promote renewable energy. Magyar Telekom has invested in several renewable energy projects, implemented energy efficiency measures, and signed corporate PPAs to achieve its sustainability goals. The company's commitment to sustainability has been recognized by several organizations and is an important part of its business strategy.

✓ Science Based Targets member
✓ Declared Net Zero commitment