Vodafone published its first Climate Transition Plan (CTP) that sets out the initiatives that the company will take over FY 2025-27 to drive progress towards net zero. The CTP also shows how the company will manage climate-related risks and opportunities, building climate resilience into the business.
The CTP has detailed plans to deliver emission reductions, assessing the trade-offs required and setting up supporting internal structures of the company.
The CTP has been developed following the framework set out in October 2023 by the UK Transition Plan Taskforce which is the latest available best practice benchmark, and which aligns with the priorities of Vodafone’s climate transition plan.
As there are regional differences where the company operates, Vodafone has decided that their European and African climate change roadmaps need to run at different speeds to achieve their overall net zero 2040 target.
In Africa, a new ‘virtual wheeling’ agreement with Eskom allows Vodacom to buy renewable electricity from independent producers. In Europe, the company continued to source a greater proportion of its electricity through power purchase agreements (PPAs) with renewable generators in Germany, Greece, Portugal, and the UK. These PPAs currently deliver around 24% of their grid electricity in Europe. When they are fully operational in 2026, they will generate approximately 39% of Vodafone’s European grid electricity.
