IHS Holding Limited (NYSE: IHS) (“IHS Towers”), one of the
largest independent owners, operators, and developers of shared
communications infrastructure in the world by tower count, has
today published its 2022 Sustainability Report.
The report covers sustainability activities from January 1, 2022
to December 31, 2022, and is prepared in accordance with the Global
Reporting Initiative Standards and maps our sustainability
initiatives to the United Nations’ Sustainable Development Goals.
Our approach to sustainability is guided by the UN Global Compact,
to which we have been a signatory since 2020 and the report serves
as our third annual “Communications on Progress.”
As demonstrated by our 2022 Sustainability Report, we remain
committed to our wider stakeholders including, but not limited to,
our employees, communities, suppliers, customers, and investors. By
providing communications infrastructure that helps facilitate
digital connectivity and inclusion, our four-pillar sustainability
strategy, which focuses on ethics and governance, environment and
climate change, education and economic growth, and our people and
communities, seeks to deliver value within the communities we
serve.
Throughout 2022, we partnered with international and local
organizations to deliver targeted programs with appropriate scale
and reach. We also reaffirmed sustainability as a central tenet of
our company by establishing it as a fifth core value, alongside
customer focus, innovation, integrity and boldness, to further
embed these values across our company, and in everything we do.
2022 Sustainability Report Highlights
- Spent $7.5 million on community-focused sustainability
initiatives, bringing our community investments to more than $22
million since 2017.
- Through our Carbon Reduction Roadmap, we committed to
reduce the Scope 1 and Scope 2 kilowatt-hour (kWh) emissions
intensity of our tower portfolio by approximately 50% by
2030 compared to a 2021 baseline.
- Granted scholarships to 18 students from Cameroon, Côte
d’Ivoire and Nigeria under our Frontline Workers Initiative.
Launched in 2021, this program offers the children of our frontline
workers, and equivalent suppliers, the opportunity to apply for
IHS-funded financial scholarships to study at top tier
universities.
- Concluded the first year of our three-year partnership
supporting Giga, the UNICEF-ITU initiative for connecting all
schools to the internet. Data shared under the partnership’s
contribution-in-kind component helped Giga determine that in
Rwanda:
- The average distance from a school to the closest tower is 2.5
km.
- Over 98% of schools are visible from at least one tower, while
95% are visible from two towers and 91% from three towers.
- Partnered with the Brazilian NGO Afroreggae to fund AfroGames,
two educational centers in Rio de Janeiro favelas providing free
coding and English classes, approximately 200 residents
registered.
- Delivered localized renewable power projects; donated 106 units
of 60W and 100W solar-powered streetlights across three states in
Nigeria to provide street lighting for communities of approximately
510,000 residents combined, and in Rwanda supported the
Development Bank of Rwanda’s initiative by connecting solar power
systems to 1,000 homes in the Rulindo District.
- Launched borehole drilling projects across multiple African
markets including in Zambia where we drilled 16
boreholes providing rural communities with clean, safe drinking
water.
- Deployed 65,533 batteries and sold 20,799 for reuse
or recycling.
- Under our Group-wide Generator Recycling Program, donated 77
generators to schools, orphanages and health centers.
Approximately 350 generators have been donated since the
program launched in 2017.
Sam Darwish, IHS Towers Chairman & CEO, commented “I
am delighted to announce the publication of our 2022 Sustainability
Report and share the progress of our sustainability strategy as we
completed our first full year as a publicly listed company. As
facilitators of mobile connectivity, we believe we play an
important role in the development of the markets in which we
operate and continue to pursue our vision to help create a
connected world where mobile connectivity further enables economic
growth and social development.
2022 was a year of great accomplishment as we further grew our
operational footprint. With that growth comes responsibility, and a
key priority for our company is to reduce the negative impact of
greenhouse gas emissions which remain a significant challenge for
our industry. We were proud to publish our Carbon Reduction Roadmap
in October 2022, and I have been encouraged to see the remarkable
community-focused environmental initiatives pursued by our local
sustainability teams.
This report includes details on these initiatives, updates on
our flagship Giga partnership and our unique Frontline Workers
Initiative as we seek to provide opportunities for the next
generation to learn, develop and thrive.
We are passionate about delivering positive social impact for
our people, communities and broader stakeholders. To all, I thank
you and our incredible partners for supporting our sustainability
agenda in 2022.”
For more information, please visit
www.ihstowers.com/sustainability
About IHS Towers: IHS Towers is one of the largest
independent owners, operators and developers of shared
communications infrastructure in the world by tower count and is
one of the largest independent multinational towerco solely focused
on the emerging markets. The Company has nearly 40,000 towers
across its 11 markets, including Brazil, Cameroon, Colombia, Côte
d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and
Zambia. For more information, please email:
communications@ihstowers.com or visit: www.ihstowers.com
Forward-Looking Statements
This press release contains forward-looking statements. We
intend such forward-looking statements to be covered by relevant
safe harbor provisions for forward-looking statements (or their
equivalent) of any applicable jurisdiction, including those
contained in Section 27A of the Securities Act of 1933, as amended
(the “Securities Act”), and Section 21E of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”). All statements other
than statements of historical facts contained in this press release
may be forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as “may,” “will,”
“should,” “expects,” “plans,” “anticipates,” “could,” “intends,”
“targets,” “projects,” “contemplates," “believes,” “estimates,”
“forecast,” “predicts,” “potential” or “continue” or the negative
of these terms or other similar expressions. Forward-looking
statements contained in this press release include, but are not
limited to statements regarding our business strategy, plans,
market growth and our objectives our sustainability program and
Carbon Reduction Roadmap.
We have based these forward-looking statements largely on our
current expectations and projections about future events and
financial trends that we believe may affect our business, financial
condition and results of operations. Forward-looking statements
involve known and unknown risks, uncertainties and other important
factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including, but not limited to general
macroeconomic conditions in the countries in which we operate; our
inability to successfully execute our business strategy and
operating plans, including our ability to increase the number of
Colocations and Lease Amendments on our Towers and construct New
Sites or develop business related to adjacent telecommunications
verticals (including, for example, relating to our fiber businesses
in Latin America and elsewhere) or deliver on our sustainability or
environmental, social and governance (ESG) strategy and initiatives
under anticipated costs, timelines, and complexity, such as our
Carbon Reduction Roadmap (Project Green), including plans to reduce
diesel consumption, integrate solar panel and battery storage
solutions on tower sites and connect more sites to the electricity
grid; environmental liability; and the important factors discussed
in the section titled “Risk Factors” in our Annual Report on Form
20-F for the fiscal year ended December 31, 2022.
The forward-looking statements in this press release are based
upon information available to us as of the date of this press
release, and while we believe such information forms a reasonable
basis for such statements, such information may be limited or
incomplete, and our statements should not be read to indicate that
we have conducted an exhaustive inquiry into, or review of, all
potentially available relevant information. These statements are
inherently uncertain and investors are cautioned not to unduly rely
upon these statements. You should read this press release and the
documents that we reference in this press release with the
understanding that our actual future results, performance and
achievements may be materially different from what we expect. We
qualify all of our forward-looking statements by these cautionary
statements. Additionally, we may provide information herein that is
not necessarily “material” under the federal securities laws for
SEC reporting purposes, but that is informed by various ESG
standards and frameworks (including standards for the measurement
of underlying data), and the interests of various stakeholders.
Much of this information is subject to assumptions, estimates or
third-party information that is still evolving and subject to
change. For example, our disclosures based on any standards may
change due to revisions in framework requirements, availability of
information, changes in our business or applicable government
policies, or other factors, some of which may be beyond our
control. These forward-looking statements speak only as of the date
of this press release. Except as required by applicable law, we do
not assume, and expressly disclaim, any obligation to publicly
update or revise any forward-looking statements contained in this
press release, whether as a result of any new information, future
events or otherwise. Additionally, the information included in our
2022 Sustainability Report, including highlights provided in this
press release, are subject to certain important disclaimers that
should be read and considered in concert with such information.
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version on businesswire.com: https://www.businesswire.com/news/home/20230524005462/en/
Media: Giles Bethule/ Akash Lodh FGS Global
Giles.Bethule@fgsglobal.com / Akash.Lodh@fgsglobal.com +44 207 251
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