In the World Economic Forum’s (WEF) 2023 Global Risks Report, six out of ten highlighted issues over the next decade relate to climate. The risk of failing to reduce the impact of climate change and adapt to it, natural disasters and extreme flooding, as well as biodiversity loss and ecosystem collapse, hold the top four positions. When combined with the crisis of natural resource sources and potential major environmental incidents, the WEF assesses that we are least prepared for climate and ecological risks. The next decade is considered turbulent as damage to nature and climate change are intrinsically linked to the danger of failure in one area spilling over to another.
Renewable Energy
Nevertheless, the WEF believes that research and development of new technologies will continue at an intense pace over the next decade, which, among other things, can bring solutions for the climate. Digitalization, along with technology, is one of the solutions particularly important for Croatia, which the WEF identified in last year’s report as having a digital gap as one of the greatest risks.
Digitalization directly contributes to climate protection and resource conservation through innovations that enable products to be more durable and energy-efficient, but it only reaches its full potential when aimed at improving the quality of life for all people. This is also the reason why Hrvatski Telekom bases its approach to sustainability on three key areas: climate change, resource efficiency, and digital inclusion. Furthermore, for nineteen consecutive years, the company has published a Sustainability Report, making it one of the first in Croatia. HT has, in fact, already achieved its first climate goal as it has been utilizing 100% renewable energy for over two years. By 2025, it plans to achieve net-zero greenhouse gas emissions for direct and indirect energy consumption within the organization, a 55% reduction in greenhouse gas emissions by 2030 compared to 2020, and net-zero greenhouse gas emissions by 2040.
Investment in Digitalization
From 2020 to 2022, HT reduced greenhouse gas emissions by 55%, waste by 81%, energy consumption by 7.6%, and paper consumption by 20%. Last year, it signed the first corporate Virtual Power Purchase Agreement (vPPA) in Croatia with Professio Energia, which will cover a significant part of its electricity needs from renewable sources.