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Telefónica S A : Telefónica’s socio-economic impact amounts to 652,000 jobs and €45.4 billion in GDP across its main markets
Telefónica S A : Telefónica’s socio-economic impact amounts to 652,000 jobs and €45.4 billion in GDP across its main
About this update from Telefonica Sa
[{"type":"text","content":"\n Telefónica is making progress towards its goal of becoming the best gateway for citizens to digital technologies by generating a positive socio-economic impact of approximately €78 billion by 2025 in three of its main markets: Spain (€38 billion), Brazil (€24 billion) and Germany (€16 billion), according to the report \"Telefónica's Socio-economic Contribution 2025\".\n \n \n This impact translates into a contribution of €45.4 billion to the Gross Domestic Product (GDP) of these countries, equivalent to 0.56% of their combined economy. By market, Telefónica contributes around 22 billion in Spain (1.31% of GDP), more than 15 billion in Brazil (0.78%) and some 8 billion in Germany (0.18%).\n \n \n The company also stands out for the knock-on effect of its activity, as it not only generates direct value but also drives the wider economy by boosting productive sectors, promoting employment and revitalising the business fabric through connectivity and digitalisation. In this regard, for every euro of gross operating margin generated, Telefónica contributes 5.1 euros to GDP, thereby consolidating its role as a driver of economic growth in its main markets.\n Connectivity as a lever for economic growth\n Telefónica's contribution highlights the structural role of the telecommunications sector as an enabler of economic growth, by facilitating the digitalisation of businesses, public administrations and citizens and generating activity throughout the entire value chain.\n \n \n \"Responsible digitalisation is a key lever for driving sustainable and inclusive economic growth. At Telefónica, we are working to become the best gateway for citizens to access digital technologies by maximising our positive impact on society, contributing to the economic development of the countries in which we operate, and accelerating the transition towards a more resilient model,\" says Maya Ormazabal, Global Head of Sustainability at Telefónica.\n \n \n In this context, the company is reinforcing its commitment to a more sustainable development model, in which connectivity is essential for improving productivity, competitiveness and social cohesion. This approach forms part of Telefónica's strategy to become more innovative and competitive, offer better customer services and manage its operations efficiently, whilst also facilitating access to the opport...