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Company Directory - Telefónica, S.A.

Company Details - Telefónica, S.A.

Telefónica, S.A. Logo

Telefónica, S.A.

Website

Madrid, Spain

BME: TEF, NYSE: TEF 

ISIN: ES0173513116

Telefónica, S.A. is a Spanish multinational telecommunications company that provides a wide range of services including fixed and mobile telephony, broadband, and digital solutions. It is one of the largest telecom operators in the world, with a significant presence in Europe and Latin America.

CCI Score

CCI Score: Telefónica, S.A.

-8.42

0.01%

Latest Event

Telefonica Lobbies EU for Telco Consolidation at MWC 2025

At MWC 2025, Telefónica’s new chief executive publicly lobbied EU regulators to allow consolidation in the telco sector. By urging policymakers to adapt regulatory frameworks to favor merger and scale, the move raises concerns about corporate overreach and potential alignment with broader authoritarian and anti-democratic corporate interests.

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COLLABORATOR

Telefónica, S.A. is currently rated as a Collaborator.

-5 to -9 CCI Score
In this category, companies align with authoritarian practices mainly to avoid trouble or regulatory conflict. Their compliance is driven by self-preservation, resulting in minimal resistance even as they participate in oppressive systems.

Latest Events

  • Telefonica Lobbies EU for Telco Consolidation at MWC 2025 Logo
    MAR
    03
    2025

    At MWC 2025, Telefónica’s new chief executive publicly lobbied EU regulators to allow consolidation in the telco sector. By urging policymakers to adapt regulatory frameworks to favor merger and scale, the move raises concerns about corporate overreach and potential alignment with broader authoritarian and anti-democratic corporate interests.

  • -30

    Political Contributions and Lobbying Efforts

    March 18

    Telefónica’s active lobbying for a regulatory environment that would allow market consolidation demonstrates its use of political influence. By seeking deregulation and larger market share, the company appears to be aligning its corporate interests with policies that may undermine democratic checks and balances and promote authoritarian-style corporate governance.

    Telefonica lobbies EU for telco consolidation at MWC 2025

  • -20

    Executive Political Engagement

    March 18

    The involvement of Telefónica's CEO in publicly calling for significant regulatory changes underscores direct executive political engagement. His statements at a major industry event indicate a strategic move to influence policy in a way that reinforces corporate dominance, potentially at the expense of broader democratic and competitive principles.

    Telefonica lobbies EU for telco consolidation at MWC 2025

  • Telefónica Boardroom Coup Exposes Executive Political Manipulation Logo
    JAN
    27
    2025

    Following a dramatic boardroom coup, Telefónica forced the exit of CEO José María Álvarez-Pallete amid indications of political maneuvering by Spanish state actors. This event raises alarm bells regarding the company's executive political engagement and potential complicity in authoritarian practices.

  • -60

    Public and Political Behavior

    March 18

    The article outlines a boardroom coup at Telefónica, which appears to have been driven by politically motivated interference, resulting in the forced removal of its CEO. This incident reflects significant concerns under 'Public and Political Behavior', particularly in the realm of executive political engagement. The state’s involvement in internal corporate decisions may serve as a mechanism for advancing authoritarian agendas.

    Deep dive: The politics behind Telefónica's boardroom putsch

  • Telefónica Engages in Political Alignment for Semiconductor Initiative Logo
    JAN
    22
    2025

    Telefónica's new chairman, Marc Murtra, is stepping into his role amid pressure from Spanish Prime Minister Sanchez to support the country's semiconductor development strategy. This maneuver highlights increased executive political engagement and a close alignment with governmental priorities, signaling a proactive stance in public and political behavior.

  • +50

    Public and Political Behavior

    March 18

    This event illustrates Telefónica's enhanced executive political engagement as the company's leadership is being shaped under direct political influence. With the government pushing for strategic backing of Spain's semiconductor industry, the alignment is indicative of a close relationship between corporate leadership and political directives. Such actions, when evaluated through the anti-fascist lens, are seen as supportive of democratic governance and national interests rather than authoritarian control.

    Sanchez Wants Telefonica to Back Spain's Semiconductor Play

  • Telefónica defenestrates Executive Chairman Álvarez-Pallete Logo
    JAN
    18
    2025

    Telefónica replaced its executive chairman Álvarez-Pallete with the politically-connected Marc Thomas Murtra Millar, raising concerns that the new appointment may further embed political influence within the company’s leadership, potentially aligning it with authoritarian interests.

  • -50

    Executive Political Engagement

    March 18

    The appointment of a politically-connected executive in place of former chairman Álvarez-Pallete signals a shift towards deeper integration of political actors within Telefónica’s leadership. This move raises red flags regarding potential alignment with authoritarian interests, given the new executive's close political ties. Such executive political engagement has historically been linked to increased corporate complicity in political maneuvering, which can indirectly support extremists and undemocratic policies.

    Telefónica defenestrates Executive Chairman Álvarez-Pallete

  • Spain approves Saudi Arabia's stakebuilding in Telefónica Logo
    NOV
    28
    2024

    The Spanish government approved Saudi Arabia's STC Group to acquire nearly 10% of Telefónica and secure a board seat. This deal raises concerns about economic collaboration with an authoritarian regime, potentially undermining democratic accountability and ethical business practices.

  • -50

    Economic Collaboration

    March 18

    Telefónica España's acceptance of a significant stake and board appointment by Saudi Arabia’s STC Group links the company with an authoritarian regime known for its oppressive policies. This move can be interpreted as economic collaboration that potentially paves the way for further influences on business practices favorable to repressive governance. The decision by the Spanish government to approve the investment further underlines the interplay between political power and corporate finance, which raises red flags from an anti-fascist perspective.

    Spain approves Saudi Arabia's stakebuilding in Telefónica

  • Telefónica Lobbying Activities Revealed in EU Meetings Logo
    JUL
    01
    2024

    Records from LobbyFacts reveal that Telefónica, S.A. engaged in extensive lobbying activities, including 143 meetings with high-level EU officials, raising concerns about its potential influence on democratic institutions and alignment with policies that could support authoritarian practices.

  • -30

    Political Contributions and Lobbying Efforts

    March 18

    Telefónica, S.A.'s documented lobbying activities, which include over 143 high-level meetings as per LobbyFacts data, illustrate a significant commitment to influencing political decision-making. This behavior is problematic from an anti-fascist and democratic accountability perspective as it indicates the company's reliance on corporate political influence to potentially shape policies in ways that could favor authoritarian practices.

    Telefonica, S.A. Lobbying Data

  • Telefónica Lobbying Activity in Brussels Logo
    JUL
    01
    2024

    Telefónica's Permanent Representative Office in Brussels has engaged in extensive lobbying, holding numerous meetings with EU commissioners and high-level officials. This repeated political influence activity raises concerns about corporate involvement in shaping policies that may undermine democratic accountability.

  • -40

    Political Contributions and Lobbying Efforts

    March 18

    The evidence from LobbyFacts indicates that Telefónica has participated in 143 documented meetings with high-level EU officials over an extended period. Such sustained and systematic lobbying is seen from a left-leaning perspective as a mechanism that can contribute to regulatory capture and corporate influence over policy, potentially facilitating undemocratic or coercive policy environments.

    Telefonica, S.A. - LobbyFacts Data Card

  • Spanish Government Acquires Stake in Telefónica: Implications for Authoritarian Influence Logo
    MAR
    27
    2024

    The Spanish government's 3% stake acquisition in Telefónica, aimed at counterbalancing the 9.9% investment by Saudi state-backed STC, raises concerns over the telecom giant's economic collaborations that may enable authoritarian influence in a strategic sector.

  • -30

    Economic and Structural Influence

    March 18

    Telefónica España has permitted significant foreign investment by Saudi STC—an authoritarian regime-linked entity—which acquired a 9.9% stake. Although the Spanish government’s recent purchase of a 3% stake via SEPI is intended to restore balance and safeguard national interests, the initial acceptance of such investments reveals an economic collaboration that could facilitate authoritarian influence in a critical telecommunications sector.

    Spanish government acquires 3% stake in Telefonica

  • Telefónica España Transparency and Human Rights Governance Report 2023 Logo
    DEC
    31
    2023

    The report details Telefónica España's comprehensive approach to human rights due diligence, detailing transparent governance, robust data protection measures, and a neutral stance in dealing with governmental requests, demonstrating a commitment to ethical telecommunications practices.

  • +50

    Public and Political Behavior

    March 18

    Telefónica España demonstrates a commitment to political neutrality and compliance with legal requirements regarding government requests. While they handle state inquiries appropriately and maintain transparency, there is limited evidence of proactive political engagement or advocacy against authoritarian practices, resulting in a moderate score for Public and Political Behavior.

    Report on Transparency in Communications 2023

  • +80

    Business Practices and Ethical Responsibility

    March 18

    Telefónica España’s report details robust internal policies for human rights due diligence, clear governance structures related to privacy protection, and proactive transparency initiatives. These measures indicate a strong commitment to ethical business practices and responsible management of human rights impacts.

    Report on Transparency in Communications 2023

  • +60

    Technology and Services Impact

    March 18

    The report outlines Telefónica’s methods for handling technology-driven requests, including blocking and filtering protocols for online content. While such systems could potentially be misused for repression, the company’s transparent and accountable procedures mitigate such risks, reflecting a balanced approach to technology’s role in service provision.

    Report on Transparency in Communications 2023

  • [Spain] Telefonica officially declares layoffs to labour unions Logo
    NOV
    27
    2023

    Telefónica España has announced plans to cut between 2,500 and 3,000 jobs from its 21,000-strong workforce as part of a cost-cutting strategic plan. This move, communicated to labour union representatives, raises serious concerns regarding the company's commitment to protecting worker rights and upholding fair labor practices, an issue of significant concern to anti‐fascist groups who advocate for robust protections for the workforce.

  • -40

    Labor Relations and Human Rights Practices

    November 27

    The announced layoffs undermine labor union strength and worker protections by aggressively reducing the workforce. This decision not only weakens the collective bargaining position of the employees but also reflects a broader disregard for labor rights, which is particularly concerning from an anti-fascist perspective that champions fair treatment and equitable labor practices.

    [Spain] Telefonica officially declares layoffs to labour unions

  • Telefónica's Global Human Rights Policy Implementation Logo
    AUG
    30
    2023

    Telefónica has advanced its commitment to human rights and ethical business practices through a robust Global Human Rights Policy, which includes adherence to the UN Guiding Principles, a comprehensive due diligence process along the supply chain, and transparent grievance and whistleblowing mechanisms.

  • +85

    Labor Relations and Human Rights Practices

    March 18

    Telefónica demonstrates a strong commitment to labor rights and human rights practices by aligning its policy with the UN Guiding Principles. The policy includes comprehensive safeguards such as grievance mechanisms and whistleblowing channels to ensure worker protection and accountability, reflecting positive practices against authoritarian abuses.

    Telefónica Global Human Rights Policy: Advancing ESG

  • +80

    Supply Chain Ethics

    March 18

    The policy includes a comprehensive corporate sustainability due diligence process that scrutinizes the entire value chain. This proactive approach to supply chain ethics minimizes the risk of contributing to human rights abuses and demonstrates a responsible strategy against exploitation and authoritarian practices.

    Telefónica Global Human Rights Policy: Advancing ESG

  • Telefónica Global Human Rights Policy: Advancing ESG Logo
    AUG
    30
    2023

    Telefónica’s comprehensive global human rights policy demonstrates its commitment to upholding labor rights and ethical supply chain practices, in alignment with the UN Guiding Principles on Business and Human Rights.

  • +80

    Labor Relations and Human Rights Practices

    March 18

    Telefónica has implemented a robust global human rights policy that demonstrates a strong commitment to labor rights and worker protection. The policy includes measures for freedom of expression, privacy, and non-discrimination, as well as clear grievance mechanisms and whistleblowing channels, reflecting proactive oversight of human rights practices.

    Telefónica Global Human Rights Policy: Advancing ESG

  • +75

    Supply Chain Ethics

    March 18

    Telefónica’s policy extends to its supply chain, establishing a due diligence process to identify, prevent, and mitigate adverse human rights impacts. This initiative indicates a commitment to ethical sourcing and supply chain integrity, contributing positively to corporate social responsibility practices.

    Telefónica Global Human Rights Policy: Advancing ESG

  • Telefonica agrees 3421 job cuts with Spanish trade unions Logo
    AUG
    01
    2022

    Telefónica España has reached an agreement with Spanish trade unions to eliminate 3421 jobs as part of its cost‐cutting strategy. Despite union negotiations, the scale of the layoffs raises serious concerns regarding the company’s commitment to safeguarding worker rights and upholding ethical labor practices.

  • -40

    Labor Relations and Human Rights Practices

    March 18

    The large-scale job cuts, even though negotiated with trade unions, represent a significant blow to worker security and rights. This action can be interpreted as undermining fair labor practices and is at odds with anti-fascist values that emphasize robust worker protections. The decision raises questions about the company’s broader commitment to ethical labor relations during cost-cutting measures.

    Telefonica agrees 3421 job cuts with Spanish trade unions

  • Telefónica Implements Comprehensive Supply Chain Sustainability Policy Logo
    JAN
    29
    2020

    On January 29, 2020, Telefónica, S.A. approved a detailed Supply Chain Sustainability Policy which mandates strict adherence to labor rights, ethical sourcing, and environmental standards. The policy requires suppliers to comply with international labor norms, prohibits forced labor, and emphasizes transparency and sustainability throughout the supply chain.

  • +80

    Labor Relations and Human Rights Practices

    March 18

    The policy sets out strong measures ensuring fair labor practices and adherence to international human rights standards. By explicitly prohibiting forced labor and enforcing compliance with ILO conventions, Telefónica demonstrates robust commitment to ethical labor relations, thus reducing the risk of complicity in authoritarian practices related to worker exploitation.

    Supply Chain Sustainability Policy Telefónica Group

  • +80

    Supply Chain Ethics

    March 18

    The policy enforces rigorous supply chain ethics by mandating that all suppliers adhere to environmental regulations, ethical business practices, and transparency measures. This commitment minimizes potential human rights risks and unethical sourcing practices, thereby contributing positively against any inadvertent support for authoritarian systems.

    Supply Chain Sustainability Policy Telefónica Group

  • Telefonica Slave Labour Scandal in Brazil Logo
    JUL
    31
    2019

    In 2014, Telefónica Brasil (traded as Vivo) was found guilty of employing slave labour during the construction of a cellphone tower in Brazil. Labor judges handed down fines and the company risked being blacklisted, raising serious concerns about its labor practices and supply chain ethics.

  • -80

    Labor Relations and Human Rights Practices

    March 18

    Telefónica was found to have been complicit in severe labor rights violations by permitting slave labour conditions during the construction of its cellphone tower project in Brazil in 2014. This case highlights deep issues in its adherence to labor rights and demonstrates a failure to protect worker dignity and safety.

    Brazil: Telefonica found guilty of slave labour during construction of building tower

  • -70

    Supply Chain Ethics

    March 18

    The incident also exposes significant lapses in Telefónica's supply chain oversight, as contractors and subcontractors involved in the project were implicated in the unethical practice of slave labour. This failure in monitoring supply chain ethics further underscores the company’s complicity in permitting exploitative practices.

    Brazil: Telefonica found guilty of slave labour during construction of building tower

  • Brazil: Telefónica's Slave Labour Practices in Tower Construction Logo
    JUL
    31
    2019

    Telefónica Brasil was found guilty of employing slave labour during the construction of a cellphone tower in 2014, raising serious concerns over labor rights abuses and shortcomings in supply chain oversight.

  • -80

    Labor Relations and Human Rights Practices

    March 18

    The article details that Telefónica Brasil engaged in slave labor practices during tower construction, representing a major violation of workers' rights. This incident raises serious questions about the company's commitment to ethical labor relations and human rights practices.

    Brazil: Telefonica found guilty of slave labour during construction of building tower

  • -70

    Supply Chain Ethics

    March 18

    The involvement of multiple subcontractors in the supply chain process, some of which engaged in illegal labor practices, highlights significant lapses in supply chain oversight. This raises critical ethical concerns about due diligence and accountability within Telefónica's broader operational practices.

    Brazil: Telefonica found guilty of slave labour during construction of building tower

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