Potential offtaker

Telenor Group

www.telenor.com

Estimated electricity consumption

N/A

Countries of production presence

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Telenor Group is a Norwegian multinational telecommunications company that operates in the Wireless Service Providers sector. The company has a presence in 9 countries across Europe and Asia, and serves over 180 million customers. Telenor Group is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. The company has also made significant investments in renewable energy and is actively pursuing corporate energy and corporate PPA initiatives.

Decarbonisation is a key focus area for Telenor Group. The company has set a target to reduce its carbon footprint by 40% by 2025, compared to its 2019 baseline. This target is in line with the Paris Agreement's goal of limiting global warming to well below 2°C. Telenor Group is committed to reducing its carbon emissions through a combination of energy efficiency measures, renewable energy sourcing, and carbon offsetting. The company has also set a target to achieve net-zero emissions by 2050.

To achieve its decarbonisation goals, Telenor Group is investing in renewable energy. The company has signed several power purchase agreements (PPAs) with renewable energy providers. A PPA is a long-term contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price. Telenor Group has signed PPAs for wind and solar energy in several countries, including Norway, Sweden, and Denmark. These PPAs will help Telenor Group to reduce its carbon emissions and increase its use of renewable energy.

Telenor Group is also pursuing corporate energy initiatives to reduce its energy consumption. The company has implemented energy efficiency measures in its operations, such as upgrading its network equipment to more energy-efficient models. Telenor Group is also investing in smart energy management systems, which enable it to monitor and control its energy consumption in real-time. These initiatives have helped Telenor Group to reduce its energy consumption and carbon emissions.

In addition to its renewable energy and corporate energy initiatives, Telenor Group is also pursuing corporate PPA initiatives. The company has signed several corporate PPAs with renewable energy providers, which enable it to purchase renewable energy directly from the source. These PPAs provide Telenor Group with a stable and predictable source of renewable energy, which helps to reduce its carbon emissions and energy costs.

Telenor Group's commitment to decarbonisation and renewable energy has been recognized by several organizations. In 2020, the company was included in the Dow Jones Sustainability Index (DJSI) for the 10th consecutive year. The DJSI is a global benchmark for corporate sustainability, and Telenor Group's inclusion in the index reflects its strong performance in areas such as climate strategy, environmental management, and renewable energy sourcing.

In conclusion, Telenor Group is a Norwegian multinational telecommunications company that operates in the Wireless Service Providers sector. The company is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. Telenor Group is investing in renewable energy and pursuing corporate energy and corporate PPA initiatives to achieve its decarbonisation goals. The company's commitment to sustainability has been recognized by several organizations, and it is well-positioned to continue its leadership in the telecommunications sector.

✓ Science Based Targets member
✓ Declared Net Zero commitment