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- Each year, we participate in the CDP Climate Change questionnaire and EcoVadis sustainability assessment, which benchmark our sustainability performance against thousands of other companies. We are CDP A-List rated for climate change and scored in the top 1% of all companies assessed by EcoVadis.
www.vodafone.com/about-vodafone/reporting-centre/sustainability-reports
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We are committed to ensuring that Vodafone operates responsibly and ethically wherever we operate, supported by our corporate transparency programme. On this page you’ll find all our report downloads and links to our transparency disclosures.
- Developments in ESG Reporting
Recognising this, we evolved our approach to ESG data...
- Sustainable Business
We are committed to ensuring that Vodafone operates...
- Vodafone Sustainability Framework
1.1 Profile. Vodafone is a leading telecommunications...
- Our Contribution to UN SDGs
Vodafone is committed to leveraging the power of its...
- Developments in ESG Reporting
We are committed to ensuring that Vodafone operates responsibly and ethically wherever we operate, supported by our corporate transparency programme.
Our goal is to cut carbon emissions for our UK operations to net zero by 2027. We’re making our business and network as efficient as possible, moving to an electric fleet, and have already switched to 100% renewable electricity.
- 1.3 Inclusion for All
- 1.5 Digital Society
- 1.7 Rationale for Sustainable and Sustainability-Linked Finance Framework
- In line with the ICMA’s Green Bond Principles 2021, Social Bond Principles 2021, and Sustainability Bond Guidelines 2021, Vodafone’s Sustainable Finance Framework is presented through the following four core components:
- 2.1 Use of Proceeds
- Eligibility Criteria
- 2.2 Process for Project Evaluation and Selection
- 2.3 Management of Proceeds
- 2.4.1 Allocation Reporting
- Social
- 2.5.1 Second Party Opinion (pre issuance)
- 2.5.2 Verification (post issuance)
- 3.1 Selection of Key Performance Indicators (KPIs)
- Performance data excluded from the scope as at 31 March 2021:
- Exceptions as at 31 March 2021
- Data gathering process and methods
- Materiality to business:
- Materiality to business:
- Main risks to reaching target:
- Main risks to reaching target:
- Main risks to reaching target:
- Main risks to reaching target:
- 3.3 Characteristics of the Sustainability-Linked Financing
- vodafone.com/ar2021
- 3.4 Reporting
- investors.vodafone.com
- 3.5 Verification
- 4 Disclaimer
Our Inclusion for All strategy seeks to ensure no one is left behind. It focuses on access to connectivity, digital skills and creating relevant products and services, such as access to education, healthcare and finance. We are also committed to developing a diverse and inclusive global workforce that reflects the customers and societies we serv...
We believe in the power of connectivity and digital services to strengthen the resilience of economies. Through our mobile and fixed networks, data flows at speed, connecting people and communities. In response to the COVID-19 crisis and informed by our social contract, we have shifted the focus of the Digital Society pillar towards digitalising cr...
The creation of this Framework is a consistent and tangible step to further Vodafone’s commitment to sustainability and to mobilise all of its stakeholders around this objective. The Framework covers Green, Social, Sustainability and Sustainability-Linked Financing and allows for the alignment of our funding instruments with our material sustainabi...
Use of Proceeds Process for Project Evaluation and Selection Management of Proceeds Reporting The Framework covers any Green, Social and Sustainability financing in various formats and currencies. In particular, Vodafone can issue three types of bonds under this Framework: for which the funds raised are exclusively allocated to for which the funds ...
Vodafone intends to allocate the proceeds of Sustainable Financing to a portfolio of Eligible Sustainable Projects within the following eligible categories. Eligible Sustainable Projects can include asset values, investments and capital expenditure (‘capex’) and operational expenditure (‘opex’) associated with the eligibility criteria outlined belo...
Network projects within Vodafone’s Mobile, Fixed, Core and Data Centres to achieve the decoupling of customer data growth from environmental degradation1. These include: Hardware initiatives such as, but not limited to: Network modernisation programmes that increase energy efficiency and enable decommissioning of less efficient legacy equipment, RA...
Projects financed and/or refinanced through Sustainable Finance proceeds are evaluated and selected by Vodafone’s Sustainable Finance Committee, formed by representatives from Treasury, Sustainable Business, Energy Performance, Investor Relations and/or other parties to be nominated as subject matter experts. The Sustainable Finance Committee will ...
Vodafone intends to allocate the proceeds from the Sustainable Financing to an Eligible Project Portfolio. Projects will be selected in accordance with the Use of Proceeds criteria and the Evaluation and Selection process presented above. Any Sustainable Finance funding raised is reflected and tracked in Vodafone’s Treasury Management System (‘TMS’...
The allocation report will provide: Total amount of investments and expenditures in the Eligible Project Portfolio. The amount or percentage of new and existing projects (financing vs. refinancing). The balance of unallocated proceeds.
Number of new mobile users or homes passed in underserved areas. Number of additional mobile base stations in underserved areas. Estimated increase in the number of beneficiaries in the target population, including reach to vulnerable groups when available. Number of SMEs supported.
This Vodafone Sustainable Finance Framework has been reviewed by Sustainalytics, who has issued a Second Party Opinion. The Second Party Opinion as well as the Sustainable Finance Framework will be made available to the Sustainable Finance investors. Click to read the Second Party Opinion: investors.vodafone.com/debt-investors/ sustainable-financ...
Vodafone intends to request, a Limited Assurance report or Auditor comfort letter to be produced on the information contained within the allocation of Sustainable Finance proceeds report. This will be completed within one year of issuance.
Vodafone has identified KPIs that are material to its core sustainability and business strategy and address relevant environmental, social and/or governance challenges of the sector. These KPIs can be used individually or in combination on a deal-by-deal basis. The KPI(s) relevant to each issuance will be specified in the final terms of the notes.
Joint Ventures (‘JVs’) where Vodafone does not have operational control: VodafoneZiggo in the Netherlands, TPG Telecom Limited in Australia, Vodafone Idea and Indus Towers in India and our associate Safaricom in Kenya; Partner Market networks in which Vodafone neither has any equity interests nor holds an operating licence, including those Partner ...
Safaricom in Kenya is included for KPI & SPT 4. GHG emissions avoided as a consequence of active IoT connections on Vodafone’s global IoT platform. (which includes some JVs and Partner Markets). Full scope and how we report our KPIs can be found in Vodafone’s ESG Addendum. Click to download our latest ESG Addendum: investors.vodafone.com/esgadden...
We use an electronic data collection process to gather our data. In the majority of the countries where we operate, energy usage data is based on invoices from our energy suppliers. In some countries, those bills are based on the supplier’s estimated readings. Where data does not match our reporting period exactly – for example, where we only have ...
As a large owner and operator of infrastructure assets, climate change is a critical long-term risk for Vodafone. Vodafone is committed to understanding the extent and impact of the risk to be able to mitigate the challenges that climate change brings to us. We are therefore taking the necessary steps recommended by the Task Force on Climate-relat...
The EU has recognised that twin digital and green transformations are required at the centre of recovery plans for all regions, sectors and applications across the EU as they seek to drive efficiency and reduce their environmental footprint. For Vodafone, the most important contribution to tackling climate change is by enabling customers (including...
Change in renewable energy and/or carbon pricing: increased prices vs traditional electricity supply, impacting Vodafone’s economics of meeting its net zero target. Strategic transformation: organisational transformation and portfolio activity (such as integrations, mergers or separations). Instability of grid electrical supply, that requires the u...
Transformation: Organisational transformation and portfolio activity (such as integrations, mergers or separations). Disintermediation and failure to innovate: Failure in product innovation or ineffective response to threats from strategic emerging technology or disruptive business models could lead to reduced relevance to customers and a loss of ...
Failure of Vodafone to sufficiently develop internal talent to progress into management positions, combined with a scarcity of appropriately qualified external candidates. Female employee churn from increased employment opportunities at other firms.
Adverse political and regulatory measures impacting our strategy and resulting in a competitive disadvantage or separation of the business. Strategic transformation: Organisational transformation and portfolio activity (such as integrations, mergers or separations). Disintermediation and failure to innovate: Failure in product innovation or ineffe...
For each Sustainability-Linked Finance Instrument issued under this Framework Vodafone may use a single SPT or a combination of multiple SPTs. If the SPT(s) has not been reached at the target observation date, as per the annual reporting published following the target observation date, a financial penalty will be payable by Vodafone. The mechanism ...
If, for any reason, the performance level against each SPT cannot be calculated or observed, or not in a satisfactory manner (non-satisfactory manner to be understood as a verification assurance certificate provided by the independent auditor containing a reservation or the independent auditor not being in a position to provide such certificate), t...
Vodafone will communicate annually on the relevant KPIs and SPT, making up-to-date information and reporting available on its website. Click to visit our Investor Relations website:
Vodafone’s integrated Annual Report and/or ESG Addendum will include the performance of the selected KPIs, including baselines where relevant, covered by an assurance statement of the statutory auditor. Following a target observation date, a verification assurance certificate confirming whether the performance on the KPI meets the relevant SPT will...
This document is intended to provide non-exhaustive, general information. This document may contain or incorporate by reference public information not separately reviewed, approved or endorsed by Vodafone and accordingly, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted by Vodafo...
This document is intended to provide non-exhaustive, general information. This document may contain or incorporate by reference public information not separately reviewed, approved or endorsed by Vodafone and accordingly, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted by Vodafo...
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Vodafone is committed to leveraging the power of its technology, networks and services to contribute to the UN’s Sustainable Development Goals.
Smart, sustainable applications that help customers reduce emissions. Vodafone’s new global, cumulative enablement target of 350 million tonnes of CO2e by 2030 will be largely delivered via Vodafone’s IoT services.
Our approach to ESG (Environmental, Social and Governance topics) is an integral part of our purpose and strategy to enable an inclusive and sustainable digital society. This year we have simplified and evolved our Purpose strategy to focus on ‘Empowering People’ and ‘Protecting the Planet’ in a digital society.
