Impact of climate change
In the 2022 financial year, Deutsche Telekom analyzed potential sustainability risks in the areas of climate change and scarcity of resources. Climate change risks are already visible in the form of increasingly extreme weather conditions. Such storm events can damage the infrastructure and disrupt network operation with direct or indirect effects on operations. The risk is assessed in relation to the continuation of operations as part of risk management and is managed at an operational level in the business units. Deutsche Telekom can take further action to help prevent climate change and to conserve resources by reducing its own CO2 emissions. For this reason, in 2021 Deutsche Telekom set itself the target of cutting CO2 emissions across the Group (Scope 1 and 2) to net zero by 2025.
Deutsche Telekom did not identify any key risks to its business model in the area of either climate change or scarcity of resources and, as such, also does not currently anticipate any significant impacts from such risks on its business model or on the presentation of its results of operations or financial position.