Jul 20, 2020

Vodafone: sets new sustainable targets to go 100% green

Sustainability
Vodafone
Renewable Energy
commitment
Georgia Wilson
3 min
Green Gigabit Net
In a recent announcement made by Vodafone UK, the company has set new sustainable targets to become 100% green...

Following its announcement of its new sustainable targets, Vodafone has revealed that its European network will be powered by 100% renewable electricity by July 2021. The new targets will create a Green Gigabit Net for its customers in 11 markets that will use only power from wind, solar or hydro sources. Vodafone has also announced its commitments to help business customers reduce their carbon emissions by a cumulative total of 350mn tonnes over 10 years, between 2020 and 2030.

These pledges made by Vodafone align with the company’s ambition to improve the lives of 1bn people while halving its environmental impact by 2025. 

“More than ever, Vodafone is relied upon to connect millions of people around the world. As society rebuilds and recovers from the COVID-19 crisis, we have an opportunity to reshape our future sustainably to ensure that recovery does not come at a cost to the environment. Our accelerated shift to 100% renewable electricity on our European networks will change the way we power our technology for good - reducing our reliance on fossil fuels, helping our customers manage their resources more effectively and reduce their carbon emissions, while helping to create a healthier planet for everyone,” commented Nick Read, CEO of Vodafone Group.

The new targets were developed with support from global carbon and sustainability experts at the Carbon Trust - a partner of Vodafone;s for several years. 

“We have been working closely with Vodafone on its sustainability agenda since 2010, and for the last seven years on quantifying the carbon enablement impact of Vodafone’s products and services. There is a growing and important opportunity for the ICT sector to develop and enable new solutions that help drive decarbonisation and this target represents a very high level of ambition for Vodafone to continue to drive this strategy, further developing its IoT and other services, and engaging with its business customers,” added Tom Delay, Chief Executive of Carbon Trust.

‘Green networks plan accelerated in Europe’

The European Green Gigabit Net commitment made by Vodafone, has accelerated by three years an earlier pledge made by the company to source 100% renewable electricity for the company’s fixed and mobile networks by 2025.

Broken down, around four-fifths of Vodafone’s network energy will be renewable sources obtained directly from national electricity grids via PPA and green tariffs. The remaining fifth wll be obtained from credible renewable energy certificates. Where possible Vodafone will also invest in self generation on site, predominantly via solar panels.

Green Gigabit Net will be adopted across all Vodafone markets in Europe including: Germany, UK, Spain, Italy, Portugal, Ireland, Greece, Romania, Albania, Czech Republic and Hungary by July 2021.

Vodafone markets which have already made commitments to renewable electricity include:

  • Vodafone Italy, Czech Republic and Ireland have been using renewable electricity tariffs for a number of years
  • Vodafone Spain has announced a Power Purchase Agreement with Iberdrola
  • Vodafone Germany, Romania, Greece and Hungary all sourced renewable tariffs or certificates in 2019

To find out more about Vodafone’s commitments to a 100% green network, click here!

For more information on business topics in Europe, Middle East and Africa please take a look at the latest edition of Business Chief EMEA.

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Image source: Vodafone 

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Jun 11, 2021

G7 Summit guide: What it is and what leaders hope to achieve

G7
Sustainability
G7Summit
EU
3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve, in terms of sustainability and global trade

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 

 

Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.

 

Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 

 

When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 

 

Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 

 

The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 

 

It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 

 

Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 
 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”

 

The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 

 

According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 

 

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