Telefonica SA

Telefonica SA has made a public commitment to align its engagement activities with climate policy, stating that it has a "public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement". This indicates an acknowledged intent to integrate climate considerations into its lobbying. However, we found no evidence of any internal review processes, oversight bodies, or named individuals responsible for monitoring or ensuring this alignment, and no mechanisms are described for managing or assessing its direct or indirect lobbying activities, which limits the transparency and accountability of its lobbying governance.