Vodafone Earns Coveted Spot on CDP’s ‘A List’ for Climate Change Leadership

Vodafone Earns Coveted Spot on CDP’s ‘A List’ for Climate Change Leadership

(IN BRIEF) Vodafone’s commitment to transparency and action on climate change has garnered recognition from the global environmental non-profit CDP, securing the telecom giant a coveted place on its prestigious annual ‘A List’. Acknowledged for efforts to reduce emissions, address climate risks, and promote a low-carbon economy, Vodafone’s inclusion underscores the effectiveness of its climate strategy and commitment to transparency. With over 23,000 companies responding to CDP’s environmental disclosure process in 2023, Vodafone’s achievement highlights its dedication to environmental stewardship amidst growing investor and consumer demand for sustainable practices.

(PRESS RELEASE) BERKSHIRE, 10-Feb-2023 — /EuropaWire/ — Vodafone has been recognised for its leadership on corporate transparency and performance on tackling climate change by global environmental non-profit CDP, securing a place on its prestigious annual ‘A List’.

Vodafone was recognised for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on data reported by Vodafone through CDP’s 2023 climate change questionnaire.

Joakim Reiter, Vodafone’s Chief External & Corporate Affairs Officer, and Executive Member in charge of ESG, said: “Vodafone’s inclusion again in the CDP ‘A’ List reflects the effectiveness of our ongoing strategy to address climate change, and our transparency on progress.”

Sherry Madera, CEO of CDP, said: “It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net-zero, nature-positive future. Earning a place on the A List is about more than the score.”

CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency, with the scores widely used to drive investment and procurement decisions. In 2023, over 740 investors with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform. A record-breaking 23,000 companies responded.

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provide insufficient information are scored an F.

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SOURCE: VODAFONE