Reference no: EM133294467

Vodafone Egypt: Positive Energy Company

The world is undergoing rapid environmental change, and Egypt is particularly vulnerable to challenges like water scarcity and climate change. Vodafone Egypt has adopted ambitious climate and energy targets and has been strategically developing its contribution to environmental stewardship. While addressing our own impacts, Vodafone Egypt aspires to unlock and scale the power of digitalization, technology and innovation to address a wide range of environmental challenges, promote the development of smart, sustainable and digital infrastructure, streamline monitoring and optimization of environmental parameters in cities and buildings and drive the circular economy. At Vodafone Egypt, we strive to create a better future for all. The unpredictable weather, flooding and constant natural disasters witnessed in Egypt and globally have renewed our agility to reach out Science Based Targets initiative (SBTi) net-zero targets as fast as possible and ensure that the telecom industry and infrastructure are resilient and environmentally forward as possible. Energy is fundamental to Vodafone Egypt operations in many ways. Our facilities and infrastructure require energy, as much as our customers depend on it to power their devices and lead their daily lives. Every technology, products and action require energy at certain points, and as the demand grows, so does the pressure on the energy system and nature's resources. The ongoing energy transition is not only about speed but also about ensuring that the future energy system is resilient, smart and sustainable in every way.

Globally, the telecommunication industry alone is estimated to amount to about 2 to 3% of global energy demand, marking them as one of the most energy-intensive companies in their markets. At Vodafone Egypt, we are taking bold steps on energy efficiency and renewable energy to become an energy-positive company and to meet the Vodafone Group target of reaching 100% renewable energy by 2025. Vodafone is committed to net zero for our own operations by 2030 and for our full carbon footprint by 2040, ensuring commercial success does not come at a cost to the environment. Our 2030 carbon reduction targets have been approved by the SBTi and are in line with initiatives aimed at keeping the global temperature increase to 1.5°C.

Accordingly, it is required to develop an integrated strategic plan and business plan for Vodafone to achieve the environment goals and initiatives and become positive energy company, provided that this plan includes - for example, but not limited to - the following aspects:

1) The most important strategies that you can be used

2) Strategic objectives in the next phase

3) The internal policies to be followed to implement the proposed strategies

4) Evaluation and control mechanisms that can be used

5) Business plan includes: Marketing, financial and operational plan.