Tele2 Updates Sustainability StrategyTele2 Updates Sustainability Strategy with Renewed Focus on Circular Economy, Child Online Protection, Sustainability through Tech, and DiversityTele2 announced the launch of an updated sustainability strategy, setting new benchmarks and targets reaching to 2026 in the four focus areas Circular economy, Child online protection, Sustainability through tech and Diversity. Some of the new and updated targets include taking back 100,000 mobile phones in 2026 and increasing blocking of attempts to access child sexual abuse material with 10 percent. Tele2 has since the implementation of the latest strategy in January 2021 greatly improved its ESG-ratings results, including A-rating by CDP and #1 in gender equality in Sweden by Equileap, been named #1 Climate Leader in Europe by the Financial Times, and appointed as having the best climate reporting of all companies listed on OMXS. "We are launching this update to our strategy on the back of our leading sustainability achievements, including rapidly reducing our scope 1 and 2 greenhouse gas emissions, leading efforts in our industry to improve circularity of mobile phones and using AI technology to improve blocking of access to child sexual abuse material. This reflects our dedication to our vision to lead in sustainability" says Erik Wottrich, head of Sustainability at Tele2. After three years of our previous strategy, Tele2 reviewed and updated the four focus areas to maximize impact. The new EU Corporate Sustainability Reporting Directive (CSRD) mandated a double materiality analysis, prompting the need for a strategy update. The focus areas were determined based on a double materiality assessment that was carried out during 2023. The assessment included a stakeholder dialogue with 6,600 stakeholders. As part of the updated strategy, Tele2 has set new ambitious targets, including the collection and recycling or reuse of 100,000 phones by 2026. These targets reflect Tele2’s dedication to environmental responsibility and societal impact. "Sustainability is an integrated part of our core business and creates shared value for our stakeholders. As a sustainable business we maximize new business opportunities with a win-win-win perspective for us, our customers and society at large. Telcos will play a key role in enabling a more sustainable society, and this updated sustainability strategy is our plan to make a significant contribution to that development" says Kjell Johnsen, CEO and President of Tele2. The new updated targets are:
Other targets that Tele2 had in the former strategy launched in 2021 that are still valid:
Tele2's refreshed sustainability strategy continues to emphasize four focus areas:
Source: Tele2 media announcement |