Socially responsible investment

SRI img investment products consist of securities from companies that have passed an audit img based on environmental, social, and governance (ESG img) criteria. The development of demand from socially responsible investors for T-Shares serves as an indicator we can use to assess our sustainability performance.

With our Socially Responsible Investment (SRI) ESG KPI, we measure how the financial markets perceive our CR activities.

The concept behind the United Nations’ Sustainable Development Goals (SDGs) continues to attract attention on the part of investors. With a view, in part, to evaluating our operations in light of the SDGs img, we have introduced a process for assessing the impacts of projects, products, and measures.

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T-Shares in sustainability ratings and indexes KPI

As part of our CR strategy, we have taken part successfully for many years in ESG img ratings, which we select based on reputation, relevance, and independence. When rating agencies give high marks to our social and ecological commitment, the T-Share img is included in the financial market’s sustainability indexes.

In 2022, the T-Share was again listed on leading sustainability indexes, including S&P Global’s prominent, and CSA-based, DJSI img World and DJSI Europe. Our shares were also listed yet again on the FTSE4Good Index img Series (for the eleventh year running) and the UN Global Compact 100 Index. We are also still listed on the Euronext Indexes.

The table below presents a selection of other T-Share listings.

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Reporting against standards


Task Force on Climate-related Financial Disclosures (TCFD img)

  • The most important key figures for measuring and managing climate-related opportunities and risks

ESG KPI “Socially Responsible Investment (SRI)” KPI

More and more investors take into account sustainability aspects of their investments (Socially Responsible Investments, SRI img). SRI investment products consist of securities from companies that have passed an audit img based on environmental, social, and governance (ESG img) criteria. The development of demand from socially responsible investors for T-Shares serves as an indicator we can use to assess our sustainability performance. The Socially Responsible Investment ESG KPI indicates the proportion of shares in Deutsche Telekom held by these kinds of investors.

Our commitment to greater sustainability pays off: As of December 31, 2022, around 31.3 percent of all T-Shares were held by investors who take environmental, social, and governance criteria into account for their investment strategy; the same figure was 28.3 percent in the previous year.

Our ambition in this connection: Increase the KPI

Reporting against standards


Task Force on Climate-related Financial Disclosures (TCFD img)

  • The most important key figures for measuring and managing climate-related opportunities and risks 

German Sustainability Code

  • Criterion 1 (Strategy)
  • Criterion 7 (Control)

Sustainable capital investments & bond issues

Our contribution to the SDGs

In the past years, sustainability criteria have become increasingly important, both politically and economically, with respect to capital investments. And we are among those seeking to make our capital investments increasingly sustainability-oriented. This applies both to money that we invest and to bonds that we issue for the purpose of raising borrowed capital for investments. To this end, we regularly evaluate financing models that are attractive and sustainable, working in close consultation with our Group units Corporate Responsibility and Treasury (financial management).

Sustainable capital investments
Since 2019, Deutsche Telekom’s capital investments (DT Trust) have been geared toward ecological and social standards. The DT Trust is based on the criteria for the Government Pension Fund Norway (Norges Bank). Among other things, we exclude companies that violate human rights, manufacture certain weapons, or whose core business is considered harmful to the environment.

Sustainable bond issues
As early as 2021, our Board of Management approved a framework for sustainability-oriented bond issues – the “Sustainability-Linked Bond Framework.” This financing instrument will enable us to offer investors the opportunity to support our commitment in the fight against climate change. The interest rates for bonds that fall within the Framework are tied to the achievement of the pertinent defined climate targets: In cases in which we do not achieve our targets, we promise to pay higher interest rates.

EU taxonomy: compliance

The EU Taxonomy img Regulation is the outcome of a European regulatory initiative. The goal of the Regulation is to promote investment in companies that are managed responsibly and that are involved in sustainable economic activities. The EU taxonomy aims to create a uniform understanding of which activities and investments are sustainable. For this, the European Commission has defined clear criteria with exact metrics. This is intended to help investors to assess whether a company in which they want to invest operates sustainably. Since 2021, the businesses affected have had an obligation to report on how much of their turnover comes from the economic activities covered by the EU taxonomy. In addition, companies must disclose the extent to which they invest in these economic activities, and what level of operating expenditure is associated with these activities.

Six environmental objectives 
The first criteria regarding which economic activities are to be classed as environmentally sustainable in accordance with the EU taxonomy were agreed in 2021. They apply to the taxonomy environmental objectives “climate change mitigation” and “climate change adaptation.” The taxonomy includes further environmental objectives in the areas of “the sustainable use and protection of water and marine resources,” “the transition to a circular economy,” “pollution prevention and control,” and “the protection and restoration of biodiversity and ecosystems.” The European Commission has not yet published any criteria for these objectives, however.

The EU taxonomy distinguishes between economic activities that are “taxonomy-eligible” and “taxonomy-aligned”:

  • “Taxonomy-eligible” economic activities are those activities for which concrete sustainability criteria are listed in the taxonomy (Annexes I and II of the Delegated Regulation (EU) 2021/2139). 
  • “Taxonomy-aligned” economic activities meet these criteria in full. To be taxonomy-aligned, an economic activity must make a substantial contribution to one of these six environmental objectives while at the same time avoiding any negative impact on other objectives (the principle of “do no significant harm” or DNSH). In addition, the company must meet the minimum social standards defined in the Taxonomy Regulation. The diagram below provides a summary of the taxonomy requirements:

Requirements of the EU taxonomy = Taxonomy-eligible economic activities

Taxonomy-aligned economic activities

Substantial contribution
Do no
significant harm
Compliance with
minimum safeguards

Substantial contribution
to at least one of the six environmental objectives of the EU taxonomy:

  1. Climate change mitigation
  2. Climate change adaptation
  3. The sustainable use and protection of water and marine resources
  4. The transition to a circular economy
  5. Pollution prevention and control
  6. The protection and restoration of biodiversity and ecosystems

Do no significant harm
An activity can only be considered to contribute to one of the six objectives if it has no other significant negative environmental impact (DNSH principle).

Compliance with minimum safeguards
The minimum safeguards are social requirements in accordance with

  • the OECD Guidelines for Multinational Enterprises,
  • the UN Guiding Principles on Business and Human Rights,
  • the Core Labour Standards of the International Labour Organization (ILO),
  • and other requirements of European legislation.
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Implementation at Deutsche Telekom 
The following economic activities carried out by Deutsche Telekom are currently taxonomy-eligible (the activity numbers refer to Annex I of the Delegated Regulation (EU) 2021/2139, which lists the criteria for the taxonomy environmental objective “climate change mitigation”):

A complete overview of the economic activities that are currently part of the EU taxonomy is available using the EU Taxonomy Compass.

All activities identified as taxonomy-eligible were checked for their taxonomy alignment. A taxonomy criterion that applies to all activities is the climate risk analysis. This was carried out at Group level and no significant climate risks were identified in association with the taxonomy-eligible activities. However, the management of climate risks is still under development in the United States operating segment and in the national companies in Greece and Hungary and does not yet meet the taxonomy requirements in full. Therefore taxonomy-eligible activities that are allocable to the United States operating segment and our national companies in Greece and Hungary are reported as non-taxonomy-aligned for the reporting year. We ensure compliance with minimum social standards for all taxonomy-eligible activities through a Group-wide management system. The standards refer to the OECD img Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights, including the ILO img Core Conventions and the International Bill of Human Rights. We perform our human-rights-related due diligence obligations using a risk-based management system encompassing both the Group and our supply chain. We also maintain a process of trust-based dialog with employees’ representatives and trade unions.

You will find comprehensive information on checking for taxonomy alignment in the relevant sections of the CR Report and the non-financial statement in our Annual Report

The following table provides an overview of our taxonomy-aligned economic activities for the reporting year. It breaks the figures down into both absolute values and the applicable percentage of Group turnover, capital expenditure, and operating expenditure. 

EU taxonomy KPIs – taxonomy-eligibility and -alignment of the economic activities of the Deutsche Telekom Group  

Deutsche Telekom Group in 2022
  Turnover Capital expenditure Operating expenditure
  millions of € % millions of € % millions of € %
Relevant total figures for the Group 114 197 100.0 38 486 100.0 404 100.0
Of which: taxonomy-eligible 2 063 1.8 310 0.8 135 33.5
  Of which: taxonomy-aligned activites 565 0.5 0 0.0 2 0.4
  8.2 Data-driven solutions for GHG emissions reductions 565 0.5 0 0.0 2 0.4
  Of which: non-taxonomy-aligned activities 1 498 1.3 310 0.8 134 33.1
  8.1 Data processing and hosting 1 124 1.0 171 0.4 77 19.0
  8.2 Data-driven solutions for GHG emissions reductions 364 0.3 3 0.0 57 14.1
  6.15 Infrastructure enabling low carbon road transport and public transport 10 0.0 5 0.0 0 0.0
  6.5 Transport by motorbikes, passenger cars, and light commercial vehicles 0 0.0 130 0.3 0 0.0
Of which: non-taxonomy-eligible activities 112 134 98.2 38 176 99.2 269 66.5

The total Group figures used as the basis for calculation in accordance with the EU taxonomy in the reporting year amounted to EUR 114.2 billion (turnover), EUR 38.5 billion (capital expenditure), and EUR 0.4 billion (operating expenditure). The turnover and capital expenditure were determined on the basis of the consolidated financial statements. In line with the EU taxonomy regulations, the disclosures on capital expenditure do not form part of a capital expenditure (capex img) plan that is part of a plan to expand taxonomy-eligible economic activities. Operating expenditure relevant to the EU taxonomy represents only a small proportion of total operating expenditure. This includes costs that relate to research and development; building remediation measures; short-term leases; maintenance and repair; and any other direct expenditures relating to the day-to-day maintenance of property, plant and equipment. You will find more information on the reporting principles and KPIs for the EU taxonomy in the non-financial statement in our Annual Report.

As Deutsche Telekom’s core business is not yet adequately covered by the criteria in the EU taxonomy, an aggregate view of the taxonomy eligibility of all economic activities results again in 2022 in very low proportions of taxonomy-eligible turnover (1.8 percent), capital expenditure (0.8 percent), and operating expenditure (33 percent) for the Deutsche Telekom Group.

In the 2022 financial year, the taxonomy-aligned proportion of all economic activities of the Deutsche Telekom Group was 0.5 percent of turnover, 0.0 percent of capital expenditure, and 0.4 percent of operating expenditure. The taxonomy-aligned proportion is attributable to economic activity 8.2 Data-driven solutions for GHG emissions reductions.

For the Systems Solutions operating segment (T-Systems) the taxonomy-aligned proportion of turnover was 12.3 percent, 0.1 percent of capital expenditure, and 0.8 percent of operating expenditure. We plan to increase the taxonomy alignment of our economic activities on a continual basis. You will find further information in the sections on taxonomy activity 8.1 and taxonomy activity 8.2

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EU taxonomy: industry view and outlook

Further development
The bulk of our business model is not yet included in the EU taxonomy img, because the taxonomy does not include criteria for the economic activity “Provision and operation of a network infrastructure for telecommunications.” We can therefore only reflect the added value of our activities for digitalization and the associated environmental benefits within the EU taxonomy to a very limited extent. We firmly believe that the IT solutions and products running on our network can help both businesses and private individuals to reduce their carbon emissions. For this reason, as the taxonomy is revised and updated, it should take into account the importance of telecommunications networks. We are therefore active in a range of business and industry associations assessing whether our core activities could be reflected by suitable criteria in the EU taxonomy. These associations include the Sustainable Finance working group in the European Telecommunications Network Operators’ Association (ETNO), and, until 2022, the EU Platform on Sustainable Finance. We are also active within the European Round Table (ERT), and at national level we are part of the econsense network and several other organizations and stakeholder img dialogs. We have set out our position in a range of position papers, for example, here with ETNO.

The European Commission is currently drawing up criteria for the four environmental objectives that do not yet have any. These objectives are “the sustainable use and protection of water and marine resources,” “the transition to a circular economy,” “pollution prevention and control,” and “the protection and restoration of biodiversity and ecosystems.” The criteria will be based on the recommendations submitted to the European Commission by the Platform on Sustainable Finance in March and October 2022. For Deutsche Telekom, the proposal by experts to include IT solutions in the EU taxonomy that contribute to the circular economy or to the protection of water resources is key. As soon as the European Commission publishes the draft criteria, we will check how these can be applied in the information and communications sector, and will contribute our assessment to the planned consultation phase.

In its current form, the EU taxonomy concentrates on environmental objectives. It is to be expanded in the future with the inclusion of a “social taxonomy.” The aim of this is to give businesses the opportunity to reflect their social contributions, too. Given the demanding regulatory environment currently facing businesses, these plans have been temporarily suspended. However, in October 2022, the Platform on Sustainable Finance expert committee took the initial step of compiling a proposal for fleshing out the minimum social standards that are already part of the EU taxonomy. The experts suggest focusing on the following areas: respect for human rights and labor law; anti-corruption; tax; and fair competition. It is not yet clear to what extent the European Commission will make these expert recommendations legally binding.

The application of the Corporate Sustainability Reporting Directive, which entered into force on January 5, 2023, will progressively increase the number of businesses that are obligated to publish taxonomy-related information. Going forward, this will help us to check the taxonomy alignment of goods and services we purchase, as required by the EU taxonomy.

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Taxonomy activity 8.1: Data processing, hosting and related activities

We cover the taxonomy-eligible economic activity Data processing, hosting and related activities (8.1) with our Systems Solutions operating segment (T-Systems). As well as data centers operated by T‑Systems, we also included data centers operated on co-locations in the evaluation of taxonomy eligibility. 

Economic activity 8.1 represents the largest proportion of taxonomy-eligible turnover, capital expenditure, and operating expenditure: in 2022, taxonomy-eligible business activities for data processing and hosting represented 1.0 percent of turnover, 0.4 percent of capital expenditure, and 19.0 percent of direct expenses, based on the relevant total figures for the Group. To illustrate taxonomy eligibility at segment level, too, we also report supplementary KPIs for the Systems Solutions operating segment (T-Systems). The taxonomy-eligible portion is 36.0 percent in relation to net revenue of the segment, and 62.6 percent in relation to capital expenditure.

Data centers must comply with the European Code of Conduct for Energy Efficiency in Data Centres to be considered as making a substantial contribution to climate change mitigation in accordance with the EU taxonomy img. Five of the eight sites operated directly by T‑Systems currently comply with this Code of Conduct. Compliance with the Code of Conduct has not yet undergone external auditing, which is a requirement of the EU taxonomy. We are therefore classifying the data centers used for economic activity 8.1 as non-taxonomy-aligned in the reporting year. 

In addition, the EU taxonomy stipulates that the refrigerants used in data center cooling systems may not exceed a global warming potential value of 675. This criterion is currently met by one data center that was fully refurbished in 2022. At present, the other sites still use industry-typical refrigerants that meet the criteria of the EU directive on fluorinated greenhouse gases. The taxonomy-aligned turnover, capital expenditure, and operating expenditure for economic activity 8.1 are therefore all 0.0 percent.

We will make the change to taxonomy-aligned refrigerants as part of the regular refurbishment program for our data centers. We will carefully review the individual data centers’ compliance with the criteria for preventing significant harm to the remaining environmental objectives in each case as soon as they fulfill the aforementioned climate change mitigation requirements in full. This will enable us to continually increase the taxonomy alignment of our data centers.  

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Taxonomy activity 8.2: Data-driven solutions for GHG emissions reductions

We associate those solutions and products that are predominantly aimed at the provision of data and analytics enabling GHG emission reductions with the economic activity Data-driven solutions for GHG emissions reductions (8.2). These are, in particular, solutions and products that we have incorporated into our Enablement Factor and Sustainable Revenue Share ESG img KPIs, and/or that have been awarded our #GreenMagenta label. We have identified the following taxonomy-eligible services within our Group-wide business activities:

  • Business-related video conferences (saves travel-induced CO2 emissions)
  • Workplace and cloud solutions (increases energy efficiency by improving server utilization)
  • IoT solutions (saves CO2 emissions through, for example, efficient light switching)

We provide these services to a significant financial extent in the Germany operating segment img, in our major subsidiaries in the Europe operating segment, and in the Systems Solutions operating segment (T-Systems).

Taxonomy-eligible solutions under economic activity 8.2 represent 0.8 percent of turnover. Business-related video conferences make a particularly substantial contribution in this regard.

A life-cycle analysis is required as evidence of taxonomy alignment. This must show that a solution results in substantial greenhouse gas emission reductions both over and beyond its entire life cycle in comparison with the relevant reference solution available on the market. We understand reference solutions to be alternative solutions that would typically be used in a company in our footprint markets. This assumes that the companies are aligned with best practices. The technical screening criteria do not stipulate a specific threshold for “substantial” reductions in greenhouse gases in comparison with the reference solution. As there are differences in the technologies of the various taxonomy-eligible solutions, we have reviewed each solution separately to determine the point from which greenhouse gas savings can be considered “substantial” in accordance with scientific findings. The requisite life-cycle analyses have been prepared for business-related video conference solutions and for the cloud solutions Future Cloud Infrastructure, Open Telekom Cloud, and SAP Cloud Services. To date, we have not prepared a life-cycle analysis for the IoT solutions and therefore we do not report them as taxonomy-aligned for the reporting year.

A comparison of in-person meetings with the taxonomy-eligible business-related video conference solutions included in the analysis provided evidence of significant reductions in greenhouse gases. For instance, hybrid meetings reduce greenhouse gas emissions by around 28 percent (small meetings) or 37 percent (large meetings).

Of the workplace and cloud solutions covered by the life-cycle analysis, Future Cloud Infrastructure reduced greenhouse gas emissions by around 16 percent (in comparison with decentralized data centers operated by our customers themselves). Future Cloud Infrastructure is based on an infrastructure as a service model: the customer’s IT systems are brought together on a platform hosted by T-Systems. Centralizing the service in this way not only reduces the consumption of materials for hardware but, thanks to the highly energy-efficient operation of our data centers, also cuts greenhouse gas emissions. The Open Telekom Cloud is also offered as an infrastructure as a service model. Via a platform operated by T-Systems, businesses can flexibly purchase computing capacity, memory resources, and network resources, among other things. Improved server utilization and the highly energy-efficient operation of our data centers mean that, according to the life-cycle analysis, using the Open Telekom Cloud or SAP Cloud Services leads to savings in greenhouse gas emissions of 50 percent in comparison with the reference scenario. This scenario is based on the assumption that our customers use their own, decentralized server infrastructure for storing and processing data, rather than the cloud solution. Our SAP Cloud Services, which run on a cloud platform operated by T-Systems, achieve a similar level of savings in greenhouse gas emissions. In view of the demonstrated reduction in greenhouse gases, we classify all web conferencing, workplace, and cloud solutions included in the life-cycle analysis as taxonomy-aligned.

For the aforementioned solutions, we exclusively use infrastructure located in Germany. The requirements for the “Transition to a circular economy” conform to current EU legislation, which we enforce as part of our environment management activities at our EU sites.

The taxonomy-aligned solutions for GHG emissions reductions represented 0.5 percent of turnover, 0.0 percent of capital expenditure, and 0.4 percent of operating expenditure. For the Systems Solutions operating segment (T-Systems), the taxonomy-aligned proportion of turnover was 12.3 percent, while 0.1 percent of capital expenditure and 0.8 percent of operating expenditure were taxonomy-aligned.

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Additional taxonomy activities (e-mobility)

The economic activity Infrastructure enabling low-carbon road transport and public transport (6.15) covers the construction, modernization, maintenance, and operation of such infrastructure. This also includes electric vehicle charging stations. This means that the business areas of our subsidiary Comfort Charge can be assigned to this taxonomy-eligible activity. As the Comfort Charge business is still under development, no material taxonomy-eligible turnover was generated for economic activity 6.15 in the 2022 financial year.

According to the technical screening criteria, electric vehicle charging stations alone make a substantial contribution to the environmental objective “Climate change mitigation.” The further regulations largely constitute elements of current EU legislation that we apply within our environmental management system. The charging infrastructure is constructed and maintained by service providers. It has not yet been possible to demonstrate that their activities comply with the circular economy criteria. We have therefore reported the Comfort Charge business as non-taxonomy-aligned for the reporting year. 

Deutsche Telekom has a vehicle fleet that includes both company cars and service vehicles. The economic activity Transport by motorbikes, passenger cars, and light commercial vehicles (6.5) is therefore relevant as a cross-cutting activity with a supporting function for our core business. 

As we are pushing forward with the transition to a fully electric fleet, especially in Germany and the EU, the majority of new vehicles purchased already meet the CO2 thresholds set in the EU taxonomy img. We were also able to provide evidence of the alignment of these vehicles with the other key EU taxonomy requirements, which are based on current EU legislation for new vehicles. As the choice of tires is left to the vehicle users themselves, we could not provide evidence of the taxonomy alignment of tires for the reporting year. We therefore report capital expenditure associated with our vehicle fleet as non-taxonomy-aligned.

Investor communication

We have observed that investors are increasingly incorporating SRI img approaches in their investment strategies. In addition, investors, analysts, and rating agencies are increasingly inquiring about our CR activities. To meet these requests, we use different formats – both in our reporting and for direct dialog.

We publish this CR report annually. The Management and Facts section provides readers with detailed information that helps them assess our CR performance. In addition, we have also prepared under Experience sustainability relevant sustainability issues in a straightforward, clear manner for a broad readership. Our Annual Report also includes a non-financial declaration that allows us to meet the current EU requirements for sustainability reporting. We also offer ESG img information for financial market players on our company website, under “Corporate Responsibility”, and on our investor relations portal, under “Socially responsible investment”. In addition, we provide social indicators in our HR Factbook.

We strive to engage in personal dialog with investors and regularly hold national and international information events as SRI roadshows. We also regularly take part in SRI conferences or meetings, and, upon request, present our CR strategy as best practice. In addition, we provide information to interested investors in conference calls, and answer numerous direct inquiries. This reporting year, we again ran our investor dialogs, including our SRI roadshows, online.

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The Group Tax department is responsible for ensuring that the Deutsche Telekom Group pays taxes at the national and international level in accordance with the applicable laws. This includes the Group’s income taxes, which must also be regularly reported in our IFRS financial statements, VAT and income tax on salaries payable within the context of customer transactions and for Group employees, as well as other types of tax incurred in the Group.

Group Tax also ensures that the Group has an efficient tax structure within the framework of German and foreign tax laws as applicable in each country (avoidance of any unnecessary tax burden not prescribed by law). The goal is to achieve sustainable tax efficiency for the Group. In the view of Group Tax, transparent, trust-based cooperation with local tax authorities – for example, in connection with operationally advisable company reorganizations – plays an essential role in any efforts toward that goal.

In addition, Group Tax undertakes to contribute as much as possible to the success of Deutsche Telekom’s operations, e.g., by providing detailed advice regarding new business models or innovative technological developments. In such matters, it focuses particularly on directly clarifying any unresolved issues related to tax law, as well as on providing practical solutions to meeting all applicable tax requirements.

The company's “Tax Compliance, Sustainable Tax Efficiency, Tax as Valued Business Partner” tax strategy (including tax policy) has been approved by the Deutsche Telekom Board of Management.

For detailed information on the work of Group Tax, its principles, and its responsible approach to taxation, please refer to the detailed document “Tax strategy.”

Further information with regard to taxation of Deutsche Telekom
Additional information with regard to our taxes – for example, about our country-based reporting, and additional details about tax rates – is provided in the documents on Country-by-Country Reporting 2021, Country-by-Country Reporting 2022 and on the Cash Tax Rate Reconciliation.

In addition, Deutsche Telekom participates in initiatives aimed at developing a comprehensive approach to determining and publishing meaningful information about tax payments by enterprises and enterprise groups. The aim is to give a full and differentiated view of the various contributions to the financing of the public domain that are made in connection with or otherwise result from enterprises and entrepreneurial activities. In this context, for some years now, Deutsche Telekom has determined Total Tax Contribution figures for our key national companies in the telecommunications sector. This approach is explained in greater detail in the document on Total Tax Contribution, which also contains the respective information relating to our Group. Deutsche Telekom also intends to collect and publish such information in the coming years, and to extend its scope to additional national companies where applicable.

Research and development

As a future-oriented telecommunications business, we support and participate in ongoing research. We collaborate with various universities. For example, we established a professorship for software engineering (with a focus on blockchain) at the CODE University of Applied Sciences in Berlin. We invest in various fields of research such as the Internet of Things img (IoT). We invested a total of 30 million euros in research and development in the Group in 2022.

For the third year in a row, Telekom Deutschland and T-Mobile US teamed up to run the T-Challenge in November 2022 – a competition aimed at startups, researchers, creatives, and developers. This time the focus was on the search for technologies for a human internet. The participants' remit is to develop innovative ideas, including in the areas of sustainability as well as network and infrastructure. Here they are supported by enterprises that help them turn their ideas into reality. The prize-giving ceremony will be held in May 2023. Six selected projects will then receive prize money of 600 000 euros in total, along with the opportunity to have the solutions put on the market in Europe and the United States by Telekom Deutschland and T-Mobile US.

We also promote young, innovative business ideas in our technology incubator hubraum and allow start-ups to benefit from our experience, and provide financial assistance and access to exclusive technologies. We bring young participating companies together with relevant business units within the Group, for the purpose of testing innovative technologies and new business models and bringing them to the market. In 2022, our technology incubator collaborated with about 60 start-ups.

With our Deutsche Telekom hubraum “5G Sustainability Award,” we highlight efforts by industry and start-ups to bring about a sustainable world. The award honors projects with a focus on the sustainability of 5G networks, such as projects in the areas of smart infrastructure and AI-controlled (AI = artificial intelligence) energy management.

In 2021, hubraum, in cooperation with Bundesverband Deutsche Startups (German start-ups association), produced a study of AI-oriented start-ups in Germany that highlights the promise and strengths of the German AI ecosystem. The study's key results include the finding that young AI companies, while enormously ambitious, tend to lack resources and impetus for growth. At the same time, the study also found that women are underrepresented in the AI sector, and that this situation needs to change, in light of the need for participatory, unbiased AI systems – and of the insight that diversity in AI-developer teams reduces bias in the resulting AI systems. In this regard, the study was able to offer a positive outlook, by reporting that 81 percent of AI start-ups believe that AI-technology development needs to take account of ethical issues. Click here to find out more about current hubraum projects.

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