Vodafone — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2023· 15 events

Dependent: Supply chain decarbonisation — engaging top network equipment suppliers on Scope 3Data confidence — high

Vodafone completed a project in FY23 to engage its top four network equipment suppliers (representing 38% of total network category spend) to improve sharing of product carbon footprint data and identify opportunities to reduce embedded carbon, moving away from a spend-based methodology. In March 2023, Vodafone launched an environmentally-linked supply chain finance programme with CDP, providing preferential financing rates to suppliers that disclose carbon data and improve their CDP score over time. The programme was initially launched with Citibank's scheme. Purchased goods and services and capital goods represented 2.73 Mt CO2e in FY23 (down from 3.90 Mt CO2e in FY22).

sustainability_report p.37

Sale of Vodafone Hungary completedaffects revenueData confidence — high

Vodafone completed sale of Vodafone Hungary to 4iG and Corvinus Zrt for HUF 660 billion (€1.6 billion). Loss on disposal of €69 million. Proceeds used for deleveraging.

sustainability_report p.20

Improved Scope 3 data quality and spend-based methodology refinementsaffects scope 3 co2eData confidence — high

Increase in Scope 3 emissions primarily due to improvements in completeness and accuracy of data, and mapping to corresponding emission factors. Calculations use spend-based methodology. Also driven by ~€1 billion increase in procurement spend. Vodafone engaged top 4 network equipment suppliers (38% of network spend) to improve product carbon footprint data sharing.

sustainability_report p.36

100% renewable electricity achieved across European network from July 2021affects scope 2 co2e marketData confidence — high

Since July 2021, 100% of grid electricity used in European network purchased from renewable sources (FY23: 100%, FY22: 96%). Globally 81% of purchased electricity from renewables (FY22: 77%). PPAs signed in 6 countries generating ~6% of renewable grid electricity globally; target 40% of European grid electricity demand by 2025.

sustainability_report p.36

Primary: Network energy efficiency — rolling out new-generation technology and software optimisationData confidence — high

Mobile and fixed access networks and technology centres account for 93% of Vodafone's total energy consumption. In FY23, Vodafone invested €57 million of capital expenditure in energy efficiency and on-site renewable projects, delivering annual savings of 50 GWh. The Group is rolling out new-generation network technology, software solutions to optimise energy use, and rationalising its property portfolio. The ISO 50001 Energy Management Standard has been implemented across 12 operating companies, supported by an energy data analytics system live across 12 European markets with smart meters at over 47,000 sites. Despite growing data traffic, total energy use increased only modestly from 6,125 to 6,274 GWh.

sustainability_report p.36

Vantage Towers disposal into co-control JV with GIP and KKRData confidence — high

Vodafone completed disposal of its controlling interest in Vantage Towers A.G. to Oak Holdings 1 GmbH (co-control partnership with GIP and KKR). Vodafone retained 64.2% of Oak Holdings which owns 89.3% of Vantage Towers. Initial net cash proceeds of €4.9 billion. Gain on disposal of €8,607 million recorded.

sustainability_report p.21

Sale of Vodafone Ghana completedaffects revenueData confidence — high

Vodafone sold its 70% shareholding in Ghana Telecommunications Company Limited (GTCL) to Telecel Group for €nil consideration. Net gain on disposal of €689 million recorded. Further simplification of African portfolio.

sustainability_report p.21

New CEO appointed; Margherita Della Valle named Group Chief ExecutiveData confidence — high

Nick Read stepped down as Group CEO in December 2022. Margherita Della Valle (previously CFO) appointed interim CEO from 1 January 2023 and permanently confirmed 27 April 2023. New roadmap announced focused on Customers, Simplicity and Growth, including 11,000 role reductions planned over 3 years.

sustainability_report p.7

Long-term net zero 2040 target submitted for SBTi Corporate Net Zero Standard validationaffects net zero target yearData confidence — high

Vodafone is in the process of having its long-term (2040) net zero target approved under the SBTi Corporate Net Zero Standard. Near-term SBTi-approved targets (since 2020) include 95% reduction in Scope 1 and 2 by 2030 and halving Scope 3 by 2030. Validation has faced delays due to high volume of companies seeking SBTi approval.

sustainability_report p.35

Purchasing 100% renewable electricity via PPAs and RECs; targeting global 100% by 2025Data confidence — high

Since July 2021, Vodafone has purchased 100% of its European grid electricity from renewable sources, four years ahead of its original 2025 target. Globally, 81% of purchased electricity came from renewables in FY23 (vs 77% in FY22). The Group holds PPAs in six countries — Germany, Greece, Italy, Portugal, Spain and the UK — signed in FY23, covering approximately 6% of global renewable grid electricity and expected to generate ~40% of European grid electricity demand by 2025 when fully operational. The remainder of consumption is matched with renewable energy certificates (RECs/EACs). On-site solar PV generation reached 14 GWh p.a. and Vodafone is also trialling 750 micro wind turbines in Germany, self-powered masts in the UK, and mini-grid solutions in Mozambique and DRC. Vodafone purchased electricity in accordance with RE100's Technical Criteria.

sustainability_report p.36

Primary: Fleet electrification — transitioning company vehicles to EVsData confidence — high

Vodafone progressed EV adoption in its company fleet, with EVs making up 49% of the fleet in FY23 compared to 39% in FY22. The Group launched a global fleet dashboard to monitor carbon emissions from company vehicles and is progressing plans to phase out purchasing of new vehicles with internal combustion engines across European operations. Transport accounts for approximately 3% of total Group energy consumption.

sustainability_report p.36

Dependent: Carbon enablement — helping customers reduce emissions through green digital solutionsData confidence — high

Vodafone estimates it enabled avoidance of 24.9 million tonnes CO2e in FY23 through its IoT services, fleet management, smart metering, EV charging, healthcare and remote working solutions — nearly 26 times the emissions from its own operations. Since setting the carbon enablement target in 2020, cumulative customer emission savings reached 47.6 Mt CO2e (target: 350 Mt by 2030). Approximately 52% of 162.3 million IoT connections directly enabled customers to reduce their emissions. The Group rolled out a carbon enablement toolkit in FY23 to help product teams quantify climate benefits of their solutions.

sustainability_report p.37

Net zero strategy targets residual emissions neutralisation through high-quality carbon offsettingData confidence — high

Vodafone's 2040 net zero target, submitted for SBTi Corporate Net Zero Standard validation, defines net zero as reducing carbon emissions by 90-95% in absolute terms and neutralising any residual emissions through high-quality carbon offsetting. The Group has amended terminology from 'fully abate' to 'net zero' to align with SBTi definitions. No specific volume of carbon removal credits or DAC/BECCS projects is reported for FY23; the focus remains on absolute emission reductions first. Offsets/removals are positioned as neutralisation of residual emissions after deep decarbonisation.

sustainability_report p.35

Primary: Reducing diesel use at off-grid and unreliable grid sitesData confidence — high

Vodafone used 72.5 million litres of diesel in FY23 (3% increase from 70.3 million litres in FY22) to fuel generators at off-grid or unreliable grid electricity sites. The Group is seeking alternatives including connecting off-grid sites to the grid, fuel cell technology trials (including a successful ammonia fuel cell trial in Romania), and small-scale on-site renewables. These actions are part of the pathway to eliminate fossil fuel use from stationary generators to achieve Scope 1 and 2 net zero by 2030.

sustainability_report p.36

Dependent: Circular economy for devices and network waste — reducing e-wasteData confidence — high

Vodafone reused, resold or recycled 96% of network waste in FY23 (target: 100% by 2025). The Group launched a '1 million phones for the planet' campaign with WWF to increase device collection rates. In Germany, the 'One for One' campaign with Closing the Loop collects one scrap device in Africa for every phone purchased. A digital trade-in platform is live in four European markets. The Group also continued to collect and refurbish broadband routers for reuse, and introduced the Ultrahub router with 95% recycled plastic. Eco Rating was expanded to 35 countries covering over 200 handsets to raise consumer awareness.

sustainability_report p.38

2022· 1 event

Scope 3 Category 15 methodology and data correction – Vodafone Idea restatedaffects scope 3 investmentsData confidence — high

A review of emissions from investments identified need to update calculation methodology and correct underlying energy data for joint ventures/associates including Vodafone Idea. Scope 3 category 15 data restated for all prior years. Scope 3 total also increased in FY23 due to improved completeness/accuracy of supply chain data.

sustainability_report p.37