Magyar Telekom
Magyar Telekom Nyrt., a leading telecommunications provider in Hungary, is headquartered in Budapest (HU) and operates extensively across Central and Eastern Europe. Founded in 1991, the company has established itself as a key player in the telecommunications industry, offering a diverse range of services including fixed-line and mobile telephony, broadband internet, and digital television. With a commitment to innovation, Magyar Telekom has introduced unique solutions such as its advanced fibre-optic network, enhancing connectivity for both residential and business customers. The company is recognised for its strong market position, consistently ranking among the top telecommunications firms in Hungary. Notable achievements include significant investments in network infrastructure and a focus on sustainable development, positioning Magyar Telekom as a forward-thinking leader in the digital landscape.
DitchCarbon Score
How does Magyar Telekom's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Telecommunications Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Magyar Telekom's score of 60 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magyar Telekom's reported carbon emissions
In 2023, Magyar Telekom, headquartered in Hungary (HU), reported significant carbon emissions across various scopes. The company disclosed Scope 1 emissions of approximately 14,632,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of about 1,856,000 kg CO2e (market-based). The total Scope 3 emissions were notably higher, reaching approximately 240,238,000 kg CO2e, with substantial contributions from purchased goods and services (about 84,683,000 kg CO2e) and the use of sold products (approximately 33,250,000 kg CO2e). Magyar Telekom has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 84% by 2030, using 2015 as the baseline year. This target is aligned with the Science Based Targets initiative (SBTi) and reflects the company's commitment to achieving climate neutrality in its operations. Additionally, the company plans to reduce its Scope 3 emissions by 30% by 2030, using 2017 as the baseline. The company’s strategy includes enhancing energy efficiency in data centres as a critical step towards these goals. These commitments are part of a broader effort to address climate change and align with global standards for emissions reduction. The data reported by Magyar Telekom is cascaded from its parent company, Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság, ensuring consistency in emissions reporting and climate strategy across its corporate family.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 28,653,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 82,001,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Magyar Telekom is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
