TIDMVOD
RNS Number : 0919G
Vodafone Group Plc
23 November 2020
23 November 2020
VODAFONE COMMITS TO NET ZERO CARBON EMISSIONS BY 2040
2030 carbon reduction targets approved by the Science Based
Targets initiative
to keep global warming within 1.5degC
Vodafone today committed to reducing the company's total global
carbon emissions to 'net zero' by 2040 and confirmed that its 2030
carbon reduction targets have been approved by the Science Based
Targets initiative as in line with reductions required to keep
warming to 1.5degC, the most ambitious goal of the Paris
Agreement.
By 2030, Vodafone will eliminate all carbon emissions from its
own activities and from energy it purchases and uses (Scope 1 and
2). Vodafone also pledged that by 2030 it will halve carbon
emissions from Scope 3 sources, including joint ventures, all
supply chain purchases, the use of products it has sold and
business travel.
By 2040, Vodafone will have eliminated Scope 3 emissions
completely - bringing forward by ten years Vodafone's original 2050
ambition to reach 'net zero' across its full carbon footprint.
Vodafone Group CEO Nick Read said: "Vodafone believes in leading
by example, so today we have pledged to become fully 'net zero' by
2040 and the Science Based Targets initiative has confirmed that
our 2030 carbon targets are in line with the most ambitious goal of
the Paris Agreement.
"We are committed to reduce our carbon footprint through
improved energy efficiency, renewable energy supply, reducing our
network waste and new environmental criteria when we select
suppliers. Vodafone will also enable our customers to reduce their
environmental footprint through use of our services, including the
Internet of Things."
Tom Delay, Chief Executive at the Carbon Trust, developers of
ICT sector pathway and technical support to Vodafone's target
development, added: "The Carbon Trust is proud to have supported
Vodafone in the creation of these ambitious targets aligned with
the science and global ambitions required to keep global warming
within 1.5degC. This strategy will put Vodafone on a clear path to
a 1.5degC future and will be at the forefront of a sector taking a
clear leadership role in reducing their emissions and enabling
others to do so as well."
Science-Based Targets
The Science Based Targets initiative (SBTi) is a collaboration
between CDP, the United Nations Global Compact, World Resources
Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi
defines and promotes best practice in science-based target setting
and independently assesses companies' targets in line with the
latest climate science.
Vodafone is one of over 500 companies to have their greenhouse
gas emissions reduction targets validated by the SBTi. Vodafone has
joined several leaders in this area by setting ambitious reduction
targets that limit the increase in global warming to 1 .5degC, in
line with the most ambitious goal of the Paris Agreement goal to
limit rises to 1.5degC above pre-industrial levels.
Vodafone is one of the first major telecoms operators to develop
science-based targets that follow the pathway recently developed
for the information and communication technology sector through a
collaboration between ITU, GeSI, the GSMA, and the Science Based
Targets initiative. The pathway sets out specific emissions
reduction trajectories in line with climate science for companies
operating mobile networks, fixed networks and/or data centres.
Vodafone also met the required ambition thresholds of the absolute
contraction approach defined by the Science Based Targets
initiative.
Building on Vodafone's previous commitments to the planet
Today's announcement further supports Vodafone's aim of building
a digital society that enhances socio-economic progress, embraces
everyone and does not come at the cost of the planet.
In 2019, Vodafone committed to purchasing all electricity from
renewable sources, halving its environmental footprint by 2025 and
reusing, reselling or recycling 100% of its network waste,
supporting the move towards a more circular economy.
By no later than July 2021, Vodafone's European network will be
powered by 100% renewable electricity - creating a Green Gigabit
Net for customers across 11 markets that will grow sustainably
using only power from wind, solar or hydro sources.
In July 2020, Vodafone also announced an ambitious new target to
help business customers who use its services reduce their own
carbon emissions by a cumulative total of 350 million tonnes
globally over 10 years between 2020 and 2030.
In September 2020, Vodafone became one of the first global
companies to announce it would assess supplier commitments to the
environment, diversity and inclusion when they tender for new work,
with a supplier's 'purpose' accounting for 20% of the evaluation
criteria for a 'Request For Quotation' (RFQ). Vodafone's updated
RFQ process now examines whether suppliers have environmental
policies to address carbon reduction, renewable energy, plastic
reduction, circular economy and product lifecycle.
In May 2019, Vodafone issued its first EUR750 million green bond
to finance or refinance projects to help meet the company's
environmental objectives, subsequently reporting which projects
were eligible under the use of proceeds and how they were
selected.
Vodafone's Greenhouse gas (GHG) emissions and targets
2020 baseline 2030 target 2040 Net Zero
target
Scope 1 & 2 emissions 1.84 million 100% reduction(1) 100% reduction
t CO2e
-------------- ------------------ ---------------
Scope 3 emissions 11.9 million 50% reduction 100% reduction
tCO2e
-------------- ------------------ ---------------
1. Includes 5% reduction through carbon offsets.
- ends -
Notes for Editors
Net zero definition
We define net zero as zero carbon emissions achieved by setting
a 1.5degC Science Based Target for full value-chain emissions
(scope 1, 2, & 3) and sequestrating remaining limited
hard-to-decarbonise emissions with certified GGR (Greenhouse Gas
Removals).
Carbon neutral definition
Neutral carbon emissions are achieved through a carbon reduction
plan (with no precondition of having set a Science Based Target)
and remaining emissions are compensated by purchasing carbon
offsets that either result in carbon reductions, efficiencies or
sinks.
Scope 3 carbon footprint boundary
Vodafone Group's Scope 3 carbon footprint includes emissions
from purchased goods and services, capital goods, fuel and
energy-related activities, waste generated in operations, business
travel, upstream leased assets, use of sold products and
investments.
For more information, please contact:
Investor Relations Media Relations
Investors.vodafone.com vodafone.com/news-and-media
ir@vodafone.co.uk GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury,
Berkshire RG14 2FN, England. Registered in England No. 1833679
About Vodafone
Vodafone is a leading telecommunications company in Europe and
Africa. Our purpose is to "connect for a better future" and our
expertise and scale gives us a unique opportunity to drive positive
change for society. Our networks keep family, friends, businesses
and governments connected and - as COVID-19 has clearly
demonstrated - we play a vital role in keeping economies running
and the functioning of critical sectors like education and
healthcare.
Vodafone is the largest mobile and fixed network operator in
Europe and a leading global IoT connectivity provider. Our M-Pesa
technology platform in Africa enables over 45m people to benefit
from access to mobile payments and financial services. We operate
mobile and fixed networks in 21 countries and partner with mobile
networks in 48 more. As of 30 September 2020, we had over 300m
mobile customers, more than 27m fixed broadband customers, over 22m
TV customers and we connected more than 112m IoT devices.
We support diversity and inclusion through our maternity and
parental leave policies, empowering women through connectivity and
improving access to education and digital skills for women, girls,
and society at large. We are respectful of all individuals,
irrespective of race, ethnicity, disability, age, sexual
orientation, gender identity, belief, culture or religion.
Vodafone is also taking significant steps to reduce our impact
on our planet by reducing our greenhouse gas emissions by 50% by
2025, purchasing 100% of our electricity from renewable sources by
2025, and reusing, reselling or recycling 100% of our redundant
network equipment.
For more information, please visit www.vodafone.com , follow us
on Twitter at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone .
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END
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