ESG

We, Deutsche Telekom, are more than just another company, which provides society with infrastructure. Whatever the circumstances, we are a trusted companion. Whenever. Wherever. We take our responsibility to society and the environment very seriously. We live Corporate Responsibility. Day in, day out. We want to be leading in terms of climate protection and in the field of sustainable supplier management, while also ensuring equality of participation in the information and knowledge society. Forever making life easier for people and enriching it is our mission.
Timotheus Höttges, CEO

Nachhaltigkeitstag

Sustainability Day 2022

We revised and sharpened our sustainability strategy in all areas.

ESG is on top of our agenda: Our ESG commitments

  • Climate
    • 100% renewable electricity for DT Group (From 2021 onwards)
    • Double energy efficiency in DE&EU (2024 vs 2020)
    • Net-zero for direct and indirect CO2 emissions (Scope 1 & 2) (until 2025)
    • Reduction in energy consumption ex US (2020-24)
    • Reduce Scope 1-3 CO2 emissions by 55% against 2020 by 2030 (2030 vs 2020)
    • Net-zero CO2 emissions (Scope 1-3) with at least 90% reduction (Latest 2040)
  • Circularity
    • Zero ICT waste to landfill in Europe (in 2022)
    • 100% circular around technology and devices (in 2030)
    • Sustainable packaging in DE & EU:
    • 100% for all new T-branded devices (in 2022)
    • ~100% for all devices (in 2025)
  • 30% female executives (in 2025)
  • Maintain employee satisfaction at~79% (2023 vs 2021)
  • Increase share of digital experts (From 2022 onwards)
  • Increase beneficiaries on digital inclusion activities (Until 2025)
  • Stay connected in crisis (ongoing)
  • Further integrate ESG into financial steering systems and company decisions (ongoing)

We are working on the implementation: excerpt from the 2023 full-year presentation (February 2024)

  • Climate targets are well on track and new targets now also SBTi approved (same at TMUS and Hungary) 
  • For 8th time in a row A ranked in CDP

Listen to Tim Höttges speaking about ESG in the FY-2023 results presentation (YouTube, February 23, 2024)

  • Grand & Gold Effie for #NoHateSpeech Initiative
  • DT is official partner of Special Olympics 
  • Community contribution €1.5 bn 
  • Nearly 6mn students connected as part of TMUS’ education initiatives
  • Share of Digital Experts now increased to 22% 

Listen to Tim Höttges speaking about ESG in the FY-2023 results presentation (YouTube, February 23, 2024)

  • Share of PPAs at 32.5% on track for 50% target
  • German Sustainability Award – Most sustainable German telco 
  • S&P Global ESG – Best European telco 

Listen to Tim Höttges speaking about ESG in the FY-2023 results presentation (YouTube, February 23, 2024)

Living responsibility, enabling sustainability

Deutsche Telekom has been committed to sustainability and social responsibility for nearly three decades. To improve transparency for our stakeholders, we assign our CR activities to the ESG perspectives. E for Environment - S for Social - and G for Governance.

Girl holding flowers to her eyes.

Our ESG strategy

We take responsibility for the environment and society.

Image of a forest shown on smartphone screen.

Environment

Deutsche Telekom has made a clear commitment to climate-neutral business practices and the pursuit of a circular economy.

Video call between grandmother and grandchild.

Social

Deutsche Telekom considers itself an active member of society and takes responsibility when it comes to social issues.

Data analysis on tablet computer.

Governance

Corporate governance lays the strategic foundation for sustainable behaviour.

CR Report 2023

Corporate Responsibility Report

On our way to the leading sustainable telco. Facts, figures and progress on ESG topics.

240402_Besondere Momente 2023

Sustainability for the curious

Sustainability at Deutsche Telekom explained simply and clearly.

CR Report 2023

Corporate Responsibility Report

For an extensive overview on DT’s activities in the fields of environment and social take a look at our annual Corporate Responsibility Report.

The most relevant topics are also summarized in the DT’s annual report.

Sustainable Finance

As part of our CR strategy, we have taken part successfully for many years in ESG ratings, which we select based on reputation, relevance, and independence. When rating agencies give high marks to our social and ecological commitment, the T-Share is included in the financial market's sustainability indexes.

In 2023, the T-Share was again listed on leading sustainability indexes, including S&P Global’s prominent, and CSA-based, DJSI World and DJSI Europe. Our shares were also listed yet again on the FTSE4Good Index Series (for the twelfth year running) and the STOXX Global ESG Leaders. We are also still listed on the Euronext Indexes.

The table below presents a selection of other T-Share listings.

Rating-Agentur

Indizes/ Prädikate/ Ranking

2023 c

2022

202120202019

S&P CSA

DJSI World

DJSI Europe

S&P ESG Index Series

CDP

STOXX Global Climate Change Leaders

Supplier Engagement A-List

MSCI

ESG Universal Indexes

ISS-ESG

"Prime" (Sector leader)

Bloomberg

Gender Equality Index

Sustainalytics

STOXX Global ESG Leaders!a

UN Global Compact 100b

n.a.

FTSE Financial Times Stock Exchange

FTSE4Good

Moody's

Euronext indexes based on Moody’s ESG data

✓ Listed successfully ✕ Not listed
a Listed in other indexes in the relevant universe.
b Index was discontinued in the reporting year.
c Data checked by Deloitte.

As of December 31, 2023, around 32 percent of all T-Shares were held by investors who take environmental, social, and corporate governance criteria into account for their investment strategy; the same figure was just 31.3 percent in the previous year. (Source: Nasdaq)

Socially Responsible Investment

in %

The Sustainable Finance Disclosure Regulation (SFDR) is intended to create more transparency regarding the extent to which financial products are sustainable. We therefore would like to use a table to illustrate for our investors and financial services providers the most important indicators according to the SFDR (Principal Adverse Impacts, PAIs) of their investment decisions or policies on sustainability aspects. This includes environmental, social and employee concerns as well as protecting human rights and fighting corruption and bribery. While the reporting of PAIs is not mandatory at this point in time, we publish them as a service for our investors. For the reporting year, we focused on the mandatory indicators for financial institutions in the disclosure of PAIs. In future, we will evaluate the extent to which we can also report other PAIs.

Find the Principal Adverse Impacts in the CR report here.

The following table provides an overview of our taxonomy-eligible and taxonomy-aligned economic activities for the reporting year. It breaks the figures down into both absolute values and the applicable percentage of Group turnover, capital expenditure, and operating expenditure.

EU taxonomy KPIs – taxonomy-eligibility and -alignment of the economic activities of the Deutsche Telekom Group

Deutsche Telekom Group in 2023

EU taxonomy KPIs – taxonomy-eligibility and -alignment of the economic activities of the Deutsche Telekom Group

Download enlarged image (jpg, 200.3 KB)

Further information on taxonomy can be found here.

The Group Tax department is responsible for ensuring that the Deutsche Telekom Group pays taxes at the national and international level in accordance with the applicable laws. This includes the Group’s income taxes, which must also be regularly reported in our IFRS financial statements, as well as VAT and income tax on salaries payable within the context of customer transactions and for Group employees and other taxes that are triggered for the Group.

Please find more details in the following documents:

Tax strategy

Country-by-country Reporting 2022

Country-by-country Reporting 2023

Cash Tax Rate Reconciliation 2023

Total Tax Contribution

ESG Data and Background Information

Contact Corporate ResponsibilityYou are not an investor and have questions about our ESG activities or ambitions? Please contact us via this contact form.

Picture Simone Schlief

Simone Schlief

Senior Expert IR Focus ESG

simone.schlief@telekom.de

Address

Friedrich-Ebert-Allee 140, 53113 Bonn

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Your Contact

You have questions about the Telekom Share, financial reports or similar topics? Contact us!

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Investor Relations

Deutsche Telekom

investor.relations@telekom.de

Address

Friedrich-Ebert-Allee 140, 53113 Bonn

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