RATING
Outlook
Neutral
SECTOR
Manufacture Of Communication Equipment
Chief Sustainability Officer
T: N/A
E-mail: N/A
Stock Exchange and Ticker
LON: VOD
Website
Contact
T: 00 91 22 6760 6161
E.mail: LEA.Communication@hdfcbank.com
Listing
- #361 World’s Top Female-Friendly Companies (2022)
- #411 World’s Best Employers (2022)
- #481 Global 2000 (2022)
Awards
- CDP, Climate Change – A-
- Recognised at UK 2022 Mobile Industry Awards and Connected Britain awards for innovation and customer service
- Best Place to Work award at the MIAs
- 5G Innovation of the Year for its involvement with Smart Sound Connect
- Connected Britain Enterprise Solution of the Year award
- Mobile Innovation of the Year award
- Best Network for Business 2021 award
- Vodafone UK won an award for reliability from RootMetrics
Revenue
45.6 billion €
Market Capitalisation
28.70 billion GBP
Employees
141,579
Content source
Vodafone Sustainability Report
Evaluation of Vodafone
Vodafone is on its path to achieve sustainability. Through its decarbonising and circular efforts it is making the most impact. Unfortunately, the telecommunications giant has been subjected to scrutiny. If it were to lead the industry in sustainability, it would have to work on obtaining more awards and certifications to further prove its commitment and fair treatment of consumers and employees. Company’s targets are overarching and Vodafone is on track to meet them all. Nevertheless it would be advisable to set more bold targets. We were glad to see Vodafone’s SDG compliance and we invite other companies to follow suit. The overall rating is B.
Sustainability Scorecard
Vodafone Company Activity
Vodafone Group plc, founded on July 17, 1984, is a British multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates services in Asia, Africa, Europe, and Oceania. It focuses on small and medium sized enterprises; large and multinational corporates; and carrier services. The firm also intends to invest in the growth areas of communications, cloud and hosting, internet of things, security, and fixed connectivity.
Vodafone Sustainability Activity - As per company declarations
Vodafone recognises that its role in society is more vital than ever. It is committed to building a more resilient, inclusive and sustainable digital society where everyone is connected. Company’s networks keep family, friends, businesses and governments connected, and it plays a vital role in keeping economies running and the functioning of critical sectors like education and healthcare. At the core of its purpose is the commitment to sustainability. Vodafone’s sustainable business strategy helps to deliver company-wide targets across three purpose pillars and ensures Vodafone acts responsibly and ethically, wherever it operates. The purpose pillars are digital society, inclusion for all, and planet. Vodafone is also openly committed to supporting the delivery of the UN Sustainable Development Goals (‘SDGs’).
Certificate & Labels, Standards and Frameworks
- Taskforce on Climate-related Financial Disclosures (TCFD)
- Global Reporting Initiative (‘GRI’)
- Sustainability Accounting Standard Board (‘SASB’)
- United Nations Global Compact (‘UNGC’)
- GHG Reporting Protocol
- ISO 50001
- ISO 27001
Vodafone in the news: Press Reviews and Social Media
UK students offered virtual internships amid coronavirus slowdown | Graduate careers | The Guardian
Vodafone, among other companies, invited students to apply for virtual internships this summer after a reported fall in confidence among young people around job prospects.
Vodafone confirms filing for retro tax dispute settlement with India – The Economic Times
The issue began when Vodafone acquired a controlling stake at Hutchinson Essar in 2007 in a $11.2 billion deal executed oversees. Eventually, Vodafone Group has filed an application with the government to settle its ₹20,000-crore retrospective tax dispute.
The Italian data protection supervisory authority accused Vodafone of having unlawfully processed the personal data of millions of users for telemarketing purposes and ordered to pay a fine of €12,250,000.
Vodafone to refund customers €2m in latest overcharging scandal – Independent.ie
After Vodafone was involved in wrongly-taken cash in exchange for “credits” on inactive accounts it promised to refund up to 74,000 customers €1.3m in “post cancellation charges”.
My son’s in rehab – but Vodafone won’t suspend his account
A student entering a rehab anywhere between 6 to 12 months was refused to suspend his Vodafone account during that time. As a student going to rehab he has no means of paying for his contract.
Highlights from Vodafone Sustainability Report
Achievements
- Clear targets, factual achievements to achieve those targets
- Leading amount of frameworks
- SDG compliance
Weaknesses and Setbacks
- Lack of notable awards and not enough certifications
Targets vs Progress Reported
| Target | Results reported |
|---|---|
| Planet (net-zero by 2040) | |
| By 2030 Vodafone will fully abate all carbon emissions from Scope 1 and 2 activities and halve our Scope 3 emissions By 2040 fully abate Scope 3 emissions to reach ‘net zero’ across our full carbon footprint |
- 23% reduction in Scope 1 and 2 emissions - In 2020, we introduced a 20% weighting for environmental and social criteria in our supplier evaluation RFQ processes - This year, 90% of those suppliers responded to CDP questionnaire, with 88% reporting that they had set a target for GHG emissions |
|
By 2025 - Purchase 100% of the electricity we use globally from renewable sources - Reuse, resell or recycle 100% of our network waste |
- European network powered with 100% renewable energy since 2021 - Reached 77% renewable energy use globally - Only 1% of waste in 2022 was landfilled |
|
By 2030 - Enable our business customers who use our services to reduce their own carbon emissions by a cumulative total of 350 million tonnes between 2020 and 2030 |
- Since setting this target, we estimate to have saved its customers 22.7 million tonnes of carbon emissions |
| Inclusion For All | |
| Vodafone aims to have 40% women in management roles by 2030 | - 32% women in management and senior leadership roles |
| To connect an additional 20 million women living in Africa and Turkey to mobile by 2025 | - Target achieved ahead of time |
| Hire globally 25% people with Ethnically diverse background in the leadership roles by 2030 - 20% in UK by 2025 out of which 4% would be Black - 75% in South Africa by 2030 |
As of March 2022, 18% - 15% - 1% - 64% |
| To connect 50 million people and their families to mobile money services by 2025 | - As of the end of March 2022, 52.4 million customers were using M-Pesa - goal exceeded |
| Digital Society | |
| Support seven million users to digitalise using V-Hub by 2025 | - As of the end of March 2022, V-Hub has been used by over 3.6 million unique users across 12 European countries, as well as South Africa |
