Vodafone pledges to clean up carbon footprint by 2040
Vodafone headquarters in Bucharest Romania Author (wikicommons) License: all rights reserved
UK telecommunications company Vodafone Group Plc (LON:VOD) on Monday said it has committed to bringing its global carbon footprint to net zero by 2040, ten years ahead of its original target.
By 2030, the company will aim to eliminate all carbon emissions stemming from its own activities and energy purchases -- the so-called Scope 1 and Scope 2 emissions -- and halve those released by Scope 3 sources, joint ventures, all supply chain purchases, the use of products it has sold and business travel.
By 2040, Vodafone expects to fully eliminate Scope 3 emissions.
The company said that its 2030 targets have been approved by the Science Based Targets initiative (SBTi) as being in line with the Paris Agreement and the goal to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels.
The new pledge follows Vodafone’s earlier commitments to purchase power only from renewables and contribute to a more circular economy. The company plans to have its entire European network run of 100% renewables by no later than July 2021.
Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.