Vodafone Says Its Greenhouse Gas Emissions Fell 3% in Fiscal Year 2019
June 06 2019 - 12:11PM
Dow Jones News
By Maitane Sardon
U.K. telecoms giant Vodafone Group PLC (VOD.LN) reduced its
greenhouse gas emissions 3% in fiscal 2019, it said Thursday, as
the telecommunications industry comes under increasing pressure
from consumers and investors to tackle pollution.
Vodafone said its direct emissions--which exclude those
generated by users of its products, its suppliers and its joint
ventures--over the financial year ended March 31 were 2 million
metric tons of carbon dioxide equivalent, down 23% from 2.58
million tons in fiscal 2018. It attributed the decrease mainly to
increased purchases of electricity from renewable sources and
reduced usage of carbon-intensive power sources.
Vodafone's estimated indirect emissions for fiscal 2019, which
include emissions from users, suppliers and JVs, totaled 12.9
million tons of CO2 equivalent.
The company's greenhouse gas emissions intensity--measured in
tons of CO2 for each petabyte of mobile data traffic on its
networks-- fell 36% to 371 tons from 577 tons.
The telecommunications, information and communications
technology industry faces growing challenges as its carbon and
energy footprint increases, with a recent study from Cisco Systems
estimating that the sector's worldwide energy consumption is
growing by around 9% a year.
Vodafone, which this year committed to halving its environmental
impact by 2025, says it will meet that goal by making its networks
more efficient and only purchasing electricity from renewable
sources.
Write to Maitane Sardon at maitane.sardon@dowjones.com
(END) Dow Jones Newswires
June 06, 2019 11:56 ET (15:56 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Vodafone (NASDAQ:VOD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Vodafone (NASDAQ:VOD)
Historical Stock Chart
From Apr 2023 to Apr 2024