GlobalData offers a comprehensive analysis of Telus, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Telus‘s ESG performance. GlobalData’s company profile on Telus offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Telus, a Canadian telecommunications company has set a net carbon-neutral target for its operations, aiming to achieve this goal by 2030. The company has specific goals related to scope 1, scope 2, and scope 3 emissions, which include direct emissions from its operations, emissions from purchased electricity, and emissions from its supply chain, respectively. Telus's latest filings mentioned the keywords 'Emissions' and 'Renewable' most number of times in relation to 'Climate Change'.
In 2022, the company's total Scope 1 emissions were 50,689 tonnes of CO2e, Scope 2 emissions were 175,268 tonnes of CO2e. The total greenhouse gas emissions (Scope 1 and 2) declined by 11% to 225,957 tonnes of CO2e when compared to the base year of 2021. The company has also reported its waste and recycling performance, including the recycling of 258,799 mobile devices and 1,579 metric tonnes of e-waste in 2022. The science-based target aims to achieve a 46% reduction in absolute greenhouse gas (GHG) emissions from Scope 1 and Scope 2, based on a 2019 baseline year.
Telus aims to continue reducing its emissions and achieving its net carbon-neutral targets through investments in renewable energy and low-emitting sources of electricity, as well as through waste reduction and recycling initiatives. Since 2010, there has been a significant 51% reduction in energy intensity (per $M revenue). In 2022, the company successfully redirected 70% of its total waste away from landfills. As a result, there was a 2% decrease in the amount of waste that ended up in landfills. This reduction can be attributed, in part, to the company's improved tracking and measurement of internal reuse initiatives, such as pallets, fleet, and network equipment.
In conclusion, Telus is actively working towards achieving net carbon-neutral status by 2030, demonstrating progress in reducing greenhouse gas emissions through specific targets for each emission scope. Through investments in renewable energy, waste reduction, and recycling initiatives, Telus is driving sustainability within the industry. Their dedication to science-based targets and proactive measures positions them as a leader in environmental responsibility.