Every year, we have to do more - Magyar Telekom publishes its sustainability report 2020
30/06/2021
Budapest, June 30, 2021 11:00
Magyar Telekom Group's latest Sustainability Report containing the overall performance data of the Company's Sustainability Strategy 2016-2020 and the specific challenges of 2020, addresses digital sustainability, climate protection, equal opportunity and diversity measures.
Despite the fact that the pandemic made everyday operations unpredictable, Magyar Telekom Group's sustainability objectives have been achieved thus concluding the fourth five-year sustainability strategy of the group in 2020. Though no one had anticipated the Covid pandemic, in retrospect it is clear that this latest crisis is a direct consequence of how our civilization relates to nature in general, thus underlines our collective responsibility for sustainability better than ever before, said Magyar Telekom's CEO Tibor R kasi. For Magyar Telekom, this conclusion comes also as a confirmation, because, as it is clearly shown by the Report, the Company has been committed to the fastest possible achievement of the sustainability goals for years.
Looking back upon the strategic period just completed, Magyar Telekom launched its fourth sustainability strategy, titled BE SMARTER! , in 2016, and defined at that time the Group's objectives in the areas of climate protection, education and digital sustainability, to which it added diversity in 2018. In 2020, digital and online solutions have assumed an even more important role, the volume of data transmitted increased to an extent never seen before, along with the time spent by users online, be that for the purposes of work, learning, keeping in touch or entertainment. Due to the restrictions imposed to combat the pandemic, the world has slowed down in general, but in certain areas, processes accelerated so that the new technologies be able to fulfill the increased demand brought about by the pandemic itself. In the first half of 2020, the Company's gigabit network development project reached two million access points, thus enabling 45 per cent of all points of demand in Hungary to reach gigabit speeds. Another important milestone was the launch of the commercial 5G service, which went through flawlessly, even though most of the personnel was forced to work from home, and rollout started during the same year along a quite strict schedule.
By the end of 2020, Magyar Telekom Group managed to decrease its actual CO2 emissions to below the target of 100 000 tons (85 400 t CO2), and 2020 was the sixth consecutive year when the Company ran its operations carbon-neutrally, partly by fulfilling 100 per cent of its energy needs from renewing energy sources. At the same time, they wish to increase their customers' climate awareness: in 2019, they introduced the ExtraNet Green 1 GB data extension option, which is the first fully green service on the market.
During the years encompassed by the strategy, Magyar Telekom's educational programs, including the Become a programs and the non-spot content aimed at digital education and orientation, reached more than 2.5 million people in Hungary.
In 2020, 35.6% of Magyar Telekom's overall revenues came from products and services assessed to be of a sustainable nature, at the same time, close to 100% of the Company's innovation spending was beneficial for the society and/or the environment last year. Magyar Telekom employees put in more than 45 000 volunteer hours across the country in the past five years, thus generating the equivalent of HUF 140 million as a contribution for the society. In addition, the Company supported the wide-spread use of digital means through more than 50 smart city and smart agriculture solutions in Hungary.
Having recognized that diversity plays an indispensable role in efficient corporate operations, the Company added a new objective to the strategy in 2018. Being a responsible employer, Telekom puts extra emphasis on anti-discrimination at the workplace, as well as strives to ensure the equal opportunity, safe and stabile career building of disadvantaged employees. As to the equal opportunity of male and female employees, it is a step forward that in the top management of the Company the ratio is 50-50%, and among management in general, 27 per cent are women.
Several international responsible investor organizations recognized Magyar Telekom Group's sustainability efforts. The Company preserved its position in the FTSE4Good index in 2020, too, which ranks it to be among the best performers in the sector. Another outstanding achievement is the ISS ESG responsible investor assessment, which puts the Group among the three best-performing companies in the sector with a B Prime ranking. Assessments like that are especially important, as 45% of Magyar Telekom's free-floated shares are held by responsible investors.
In light of the achievements of the past five years, the successful conclusion of the strategic period can also be considered a new beginning in the history of Magyar Telekom Group. In 2021, a new Sustainability Strategy will be drawn up, with new objectives, along which the Group will continue to work on bringing about a more livable and more sustainable future, supported by its solutions and operations.
You can read more about the specific achievements in the Sustainability Report.
LINK: | https://www.telekom.hu/about_us/press_room/press_releases/2021/june_30... |
See more stories from telekom |
More from Magyar Telekom (T Mobile)
16/04/2024
MAGYAR TELEKOM (THE COMPANY) HELD ITS ANNUAL GENERAL MEETING (GENERAL MEETING) ON APRIL 16, 2024.
MAGYAR TELEKOM (THE COMPANY ) HELD ITS ANNUAL GENERAL MEETING ( GENERAL MEETING...
22/02/2024
TIBOR RKASI REAPPOINTED AS CEO OF MAGYAR TELEKOM
TIBOR R KASI REAPPOINTED AS CEO OF MAGYAR TELEKOM Budapest, February 22, 2024 16:45 Magyar Telekoms Board of Directors approved the extension of Tibor R kas...
22/02/2024
MAGYAR TELEKOM ANNOUNCES SHAREHOLDER REMUNERATION PROPOSAL FOR 2023 RESULTS
MAGYAR TELEKOM ANNOUNCES SHAREHOLDER REMUNERATION PROPOSAL FOR 2023 RESULTS Budapest, February 22, 2024 17:30 Magyar Telekom (Reuters: MTEL.BU and Bloomberg...
22/02/2024
MAGYAR TELEKOM RESULTS FOR THE FOURTH QUARTER OF 2023
MAGYAR TELEKOM RESULTS FOR THE FOURTH QUARTER OF 2023 Budapest, February 22, 2024 17:35 Magyar Telekom today reported its consolidated financial results fo...
13/02/2024
AFTER A TEST PERIOD OF ONE AND A HALF YEARS, TELEKOM CLOSES THE 4-DAY WORKING WEEK PILOT PERIOD, WITH NO CHANGE IN THE WORK SCHEDULE
AFTER A TEST PERIOD OF ONE AND A HALF YEARS, TELEKOM CLOSES THE 4-DAY WORKING WE...
04/12/2023
This years esport CUP powered by Telekom ended with a gigantic clash of streamers
This years esport CUP powered by Telekom ended with a gigantic clash of streamer...
08/11/2023
Magyar Telekom results for the third quarter of 2023
Magyar Telekom results for the third quarter of 2023 Budapest, November 8, 2023 17:35 Magyar Telekom today reported its consolidated financial results for ...
17/10/2023
Latest Research: Albeit Being Afraid Of It, Small Entrepreneurs Would Use AI
Latest Research: Albeit Being Afraid Of It, Small Entrepreneurs Would Use AI Budapest, October 17, 2023 15:00 Most micro and small businesses - although th...
16/10/2023
Legendary experience on the Telekom network - the esport CUP by Telekom is here again
Legendary experience on the Telekom network - the esport CUP by Telekom is here ...
02/10/2023
Telco company in the second hand device market - refurbished devices from Telekom
Telco company in the second hand device market - refurbished devices from Teleko...
26/09/2023
Scope Rating GmbH Revises Outlook To Positive On Magyar Telekom's BBB+ Issuer Credit Rating
Scope Rating GmbH Revises Outlook To Positive On Magyar Telekom's BBB+ Issue...
15/09/2023
The Hungarian Government and Magyar Telekom strengthen their cooperation for the digital transformation of Hungary with a Memorandum of Understanding
The Hungarian Government and Magyar Telekom strengthen their cooperation for the...
16/06/2023
For the fifth year in a row, Telekom is number one in online mobile and tablet sales
For the fifth year in a row, Telekom is number one in online mobile and tablet s...
13/06/2023
You can double the number of followers with a single post! The Kraft Agency, Telekoms groundbreaking creative team, is one year old
You can double the number of followers with a single post! The Kraft Agency, Tel...
24/05/2023
We switched on. You too - Magyar Telekom increases its 5G outdoor population coverage to 60%
We switched on. You too - Magyar Telekom increases its 5G outdoor population cov...
10/05/2023
Magyar Telekom results for the first quarter of 2023
Magyar Telekom results for the first quarter of 2023 Budapest, May 10, 2023 17:30 Magyar Telekom today reported its consolidated financial results for the...
04/04/2023
May i sprinkle? Easter sprinkling parfume created with the help of artificial intelligence
May i sprinkle? Easter sprinkling parfume created with the help of artificial in...
03/04/2023
Several major Hungarian brands join forces to support SME companies
Several major Hungarian brands join forces to support SME companies Budapest, April 3, 2023 11:00 The two digit inflation may remain with us for a while, b...
22/02/2023
Magyar Telekom results for the fourth quarter of 2022
Magyar Telekom results for the fourth quarter of 2022 Budapest, February 22, 2023 17:35 Magyar Telekom today reported its consolidated financial results f...
22/02/2023
Magyar Telekom announces shareholder remuneration proposal for 2022 results
Magyar Telekom announces shareholder remuneration proposal for 2022 results Budapest, February 22, 2023 17:35 Magyar Telekom (Reuters: MTEL.BU and Bloombe...
08/11/2022
Magyar Telekom results for the third quarter of 2022
Magyar Telekom results for the third quarter of 2022 Budapest, November 8, 2022 17:30 Magyar Telekom today reported its consolidated financial results for ...
03/11/2022
The roaming service in Slovakia is now available with VoLTE (4G voice) technology for Telekoms post-paid customers
The roaming service in Slovakia is now available with VoLTE (4G voice) technolog...
25/10/2022
Speaking from the air, but not into the air - Telekom advised small businesses on digital progress at a special place
Speaking from the air, but not into the air - Telekom advised small businesses o...
22/08/2022
Change in Magyar Telekom's management
Change in Magyar Telekom's management Budapest, August 22, 2022 15:00 Melinda Szab , Chief Commercial Officer, continues her career at Deutsche Telekom...
09/08/2022
Magyar Telekom results for the second quarter and first half of 2022
Magyar Telekom results for the second quarter and first half of 2022 Budapest, August 9, 2022 17:30 Magyar Telekom today reported its consolidated financia...
07/07/2022
Faster and more payment at festivals on the dedicated Campus Network of Telekom and T-Systems
Faster and more payment at festivals on the dedicated Campus Network of Telekom ...
07/07/2022
With new campaign #WhatWeValue Deutsche Telekom supports Gen Z volunteerism across Europe.
With new campaign #WhatWeValue Deutsche Telekom supports Gen Z volunteerism acro...
15/06/2022
Magyar Telekom extends contract with Telekom Veszprm
Magyar Telekom extends contract with Telekom Veszpr m Budapest, June 15, 2022 14:30 Magyar Telekom has extended its sponsorship contract with the Telekom V...
13/06/2022
Final stage of disconnecting the 3G network - The most affected customers were directly notified by the service provider
Final stage of disconnecting the 3G network - The most affected customers were d...
27/05/2022
The professionals of the future are trained with the support of Magyar Telekom in Szkesfehrvr - Device donation for the technical school
The professionals of the future are trained with the support of Magyar Telekom i...
17/05/2022
The professionals of the future are trained with the support of Magyar Telekom
The professionals of the future are trained with the support of Magyar Telekom Budapest, May 17, 2022 09:00 Magyar Telekom started cooperating with technic...
11/05/2022
Magyar Telekom results for the first quarter of 2022
Magyar Telekom results for the first quarter of 2022 Budapest, May 11, 2022 17:30 Magyar Telekom today reported its consolidated financial results for the ...
02/05/2022
From Ukrainian-language customer service to job search assistance: Magyar Telekom's wide range of support for refugees from Ukraine
From Ukrainian-language customer service to job search assistance: Magyar Teleko...
20/04/2022
Hungarian small businesses overestimate their safety and underestimate the risk of phishing
Hungarian small businesses overestimate their safety and underestimate the risk ...
21/03/2022
Digital tools for small businesses from Telekom to have enough time to do other things besides work
Digital tools for small businesses from Telekom to have enough time to do other ...
03/03/2022
Mrta Holl will join Magyar Telekom as Corporate Communications Director
M rta Holl will join Magyar Telekom as Corporate Communications Director Budapest, March 3, 2022 11:00 M rta Holl has been appointed to lead Magyar Tele...
03/03/2022
Telekom helps
Telekom helps Budapest, March 3, 2022 11:00 Magyar Telekom is following the events in Ukraine with concern and sympathy. In the current situation the comp...
23/02/2022
Magyar Telekom's Board of Directors approves shareholder remuneration policy for 2022-2024
Magyar Telekom's Board of Directors approves shareholder remuneration policy...
23/02/2022
Magyar Telekom results for the fourth quarter of 2021
Magyar Telekom results for the fourth quarter of 2021 Budapest, February 23, 2022 17:30 Magyar Telekom today reported its consolidated financial results fo...
16/02/2022
Record sized gigabit network development at Telekom in 2021
Record sized gigabit network development at Telekom in 2021 Budapest, February 16, 2022 09:00 Telekom offers gigabit speeds already to more than 3 million ...
03/02/2022
Another international architecture award won by Telekom Headquarters
Another international architecture award won by Telekom Headquarters Budapest, February 3, 2022 13:30 As a project of the TIBA Architect Studio, the joint ...
11/01/2022
Momentum for the start of the year: 6 GB extra mobile net for Telekom SMB customers for their digital visions
Momentum for the start of the year: 6 GB extra mobile net for Telekom SMB custom...
17/11/2021
Drawing on a special heritage to act for the future. Magyar Telekom holds a charitable auction of its art collection
Drawing on a special heritage to act for the future. Magyar Telekom holds a char...
09/11/2021
Magyar Telekom results for the third quarter of 2021
Magyar Telekom results for the third quarter of 2021 Budapest, November 9, 2021 17:30 Magyar Telekom today reported its consolidated financial results for...
22/10/2021
Scope Ratings GmbH affirms Magyar Telekom at BBB+/Stable credit rating
Scope Ratings GmbH affirms Magyar Telekom at BBB /Stable credit rating Budapest, October 22, 2021 09:10 Magyar Telekom announces that Scope Ratings GmbH as...
20/10/2021
Magyar Telekom among top sustainable companies globally
Magyar Telekom among top sustainable companies globally Budapest, October 20, 2021 11:00 ISS Corporate Solutions ranked Magyar Telekom to be among the best...
19/10/2021
Digital Office packages from Telekom with Zoom videoconferencing service
Digital Office packages from Telekom with Zoom videoconferencing service Budapest, October 19, 2021 10:00 The pandemic, promoting the digital migration, ha...
01/10/2021
Algorithms fine-tuned - The digital journey taken by Beethoven's unfinished Tenth Symphony
Algorithms fine-tuned - The digital journey taken by Beethoven's unfinished ...