We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
Telefonica Executive, Carlos Rodriguez Cocina, Chairs the Mercosur Network of the International Relations Committee at Business Europe (as of January 2023)
Carlos Rodriguez Cocina
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InfluenceMap Data Point on Corporate - Influencer Relationship
Executive of Telefónica is vice-chair of Business Europe Internal Market Committee. Telefonica is a partner company in the Corporate Advisory and Support Group
Carlos Rodriguez Cocina
InfluenceMap Data Point on Corporate - Influencer Relationship
Telefonica Executive, Carlos Rodriguez Cocina, Chairs the Mercosur Network of the International Relations Committee at Business Europe (as of January 2023)
Carlos Rodriguez Cocina
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
Executive of Telefónica is vice-chair of Business Europe Internal Market Committee. Telefonica is a partner company in the Corporate Advisory and Support Group
Carlos Rodriguez Cocina
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Telefonica Executive, Juan Luis Redondo Maillo, is a vice-chair of ICC's Global Digital Economy Commission (As of January 2023)
Juan Luis Redondo Maillo
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Telefonica CEO is a Member of the ICC G20 CEO Advisory Group
José María Alvarez-Pallete
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Telefonica Executive, Juan Luis Redondo Maillo, is a vice-chair of ICC's Global Digital Economy Commission (As of January 2023)
Juan Luis Redondo Maillo
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Telefonica CEO is a Member of the ICC G20 CEO Advisory Group
José María Alvarez-Pallete
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive is President of the Comisión de Sociedad Digital (as of January 2023)
Julio Linares López
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Telefonica is a member of CEOE
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Senior executive is President of the Comisión de Sociedad Digital (as of January 2023)
Julio Linares López
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Telefonica is a member of CEOE
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
CEO and Chairman of Telefonica, Jose Maria Alvarez-Pallete, is a member of the European Roundtable of Industrialists (as of January 2023)
Jose Maria Alvarez-Pallete
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Telefonica CEO is a Member of ERT
César Alierta Izuel
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
CEO and Chairman of Telefonica, Jose Maria Alvarez-Pallete, is a member of the European Roundtable of Industrialists (as of January 2023)
Jose Maria Alvarez-Pallete
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Telefonica CEO is a Member of ERT
César Alierta Izuel
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: In 2021-23, Telefonica has limited positive engagement with climate change policy in Europe. Telefonica communicates positive top-line messaging on climate change and appears supportive of some EU policies and the phase-out of coal. Telefonica retains memberships to Business Europe and the Confederación Española de Organizaciones Empresariales which have mostly negative engagement on climate policy.
Top-line Messaging on Climate Policy: In it’s 2020 Integrated Annual Report, published in July 2021, Telefonica appeared to support net-zero carbon emissions by 2050 and the EU’s Green Deal. Telefonica appeared to reiterate support for the EU’s Green Deal in a July 2021 press release. A November 2022 press release further appeared supportive of the Paris Agreement and the reduction of GHG emissions in line with a 1.5 degree target. Additionally, a September 2021 joint letter, signed by Telefonica, advocated for policymakers to support strong nationally determined contributions to meet the Paris Agreement's 1.5 degree temperature goal. In a June 2022 press release and September 2021 joint letter, signed by Telefonica, the company further appeared supportive of climate change regulation through carbon pricing. Similarly, in a May 2022 press release, Telefonica CEO, Jose Alvarez-Pallete, urged “strong political and regulatory mechanisms to further develop decarbonization plans leveraged on digitization”.
Engagement with Climate Related Regulations: Telefonica appeared to have limited positive engagement with specific EU climate change regulations in 2021-23. In a December 2021 press release, Telefonica appeared supportive of policy measures incentivizing a low-carbon modal shift to rail, including the Sustainable and Smart Mobility Strategy’s 2050 target to triple high-speed train passengers. Telefonica also appeared supportive of the EU’s target to renovate 35 million inefficient buildings in an October 2022 press release.
Positioning on Energy Transition: In 2021-23, Telefonica appeared supportive of a transition of the energy mix. A September 2021 joint letter, signed by Telefonica, advocated for policymakers to end new coal power plant developments and financing, alongside the removal of fossil fuel subsidies and a phase-out of coal by 2030 in advanced economies. Telefonica also appeared to support the decarbonization of road transport through the Sustainable and Smart Mobility Strategy in a December 2021 press release. In a June 2022 press release, Telefonica appeared to support the decarbonization of the telecommunications sector, stating that “acceleration” of the transition “is essential”. Telefonica CEO, Jose Alvarez-Pallete, further appeared supportive of the decarbonization of the economy through digitization, stating “it is our collective responsibility to spread the benefits of digitization to all sectors…to accelerate the multiplying effect of technology to decarbonizing the economy” in a May 2022 press release.
Industry Association Governance: Telefonica does not appear to have published an industry association review, but has disclosed a list of industry association memberships in its 2021 Consolidated Management report, published in 2022. Senior Executives of Telefonica hold leading committee roles for Business Europe and Confederación Española de Organizaciones Empresariales (CEOE) which have generally advocated in opposition to stringent EU policy. CEO of Telefonica, Jose Alvarez-Pallete, is also a member of the European Roundtable for Industrialists, which has engaged on climate change policy in Europe with mixed positioning. A senior executive of Telefonica is also a vice-chair of a committee within the International Chamber of Commerce.