Vodafone targets net zero carbon emissions by 2040

Good News Notes:

Vodafone announced it has committed to reducing the company’s total global carbon emissions to “net zero” by 2040, which cut 10 years off of its original deadline.

As part of the Paris Agreement, Vodafone also confirmed that its 2030 carbon reduction targets were approved by the Science Based Targets initiative.

By 2030, Vodafone said it would eliminate all carbon emissions from its own activities and from energy it purchases and uses. Vodafone also pledged that by 2030 it would cut carbon emissions in half across joint ventures, all supply chain purchases, the use of products it has sold and business travel.

By 2040, Vodafone plans to reach “net zero” across its full carbon footprint, which is in line with the COP21 Paris Agreement.

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.

The telecommunications industry has ramped up its renewable energy and green efforts over the past few years. In June, Telefónica, which announced a green bond last year, said it planned to reach its target of zero emissions across four main markets by 2030 instead of 2050. 

As part of its transition to a low carbon business model, BT pledged earlier this month to become a net zero carbon emissions business by 2045 and has set targets in line with the COP21 Paris Agreement. Since 2016-2017, BT has reduced the carbon emissions intensity of its operations by 42% and has reduced carbon emissions by 8% in its supply chain over the same timeframe.”

View the whole story here: https://www.fiercetelecom.com/telecom/vodafone-targets-net-zero-carbon-emissions-by-2040

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