Eltel’s journey to significantly reduce its climate impact by 2030

Third-party verified climate targets

At the end of 2022, Eltel’s three climate targets were verified and approved by the Science Based Targets initiative (SBTi), which is a collaboration between the CDP (formerly known as the Climate Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide
Fund for Nature (WWF).

The SBTi commitment includes the annual reporting of progress in future annual reports. SBTi approval of Eltel’s targets guarantees that the Group climate roadmap is aligned with the most recent climate science on the near-term mitigation of greenhouse gas emissions in order to achieve the goals of the Paris Climate Agreement and limit global warming to less than 1.5 °C above pre-industrial levels.

The three targets cover scope 1, scope 2 and scope 3 emissions, respectively:

Scope 1 – emissions reduction target

Eltel has committed to reduce absolute scope 1 GHG emissions by 42% by 2030. Eltel’s scope 1 emissions are direct emissions resulting from fuel consumption in Eltel’s vehicle fleet and onsite energy use (heating).

Scope 2 – emissions reduction target

Eltel has committed to increase its sourcing of renewable electricity from 31%
to 100% by 2030. Eltel’s Nordic countries are expected to achieve this target by 2026. Eltel’s scope 2 emissions are indirect emissions resulting from the generation of purchased energy consumed in Eltel office premises.

Scope 3 – emissions engagement target

Eltel has committed to ensuring that two-thirds of its suppliers by emissions have science-based targets to reduce their emissions by 2026. Eltel’s scope 3 emissions constitute all other indirect emissions that occur in Eltel’s supply chain that are not already included in scope 2.

Eltel’s 2030 climate roadmap

The three Group-wide targets will run until 2030 and 2021 is the base line year. Each country in which Eltel operates has created its own country-level roadmap to contribute to the Group wide targets. The roadmap beyond 2030 – towards net-zero emissions by 2050 – will be mapped out in the coming years.