| Invested through |
|
|---|---|
| Asset Classes | Corporate bonds & Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2002017361 |
| Industry group | Telecommunication Services |
| Aligned with SDGs |
Vodafone is one of the world’s top wireless phone carriers, with its more than half a billion subscribers, across 25 countries. It also has many partnerships with other mobile networks, extending its reach into another 45 countries. Besides telephone customers, it has 27 million fixed broadband customers, and more than 20 million TV customers. Vodafone historically is mobile focused, but is increasing fixed market penetration, especially in Europe. Most of revenues are generated in Europe, where it is a leader in wireless markets in the UK and Germany. Vodafone increasingly serves phone customers in Africa, the Middle East and Asia, also through joint ventures and subsidiaries.
Investment rationale
The Vodafone green bond financed energy efficiency improvements in its networks, equipment and at end users, through e.g. smart meters, or the activation of energy saving software that optimize radio resources and energy consumption in real time, power optimization in design for new infrastructure and upgrading power conversion equipment. Vodafone reports that the measures financed through the bond reduce CO2 equivalents in the scale of 7,500,000 tonnes per year.
In total, 95% of revenues is aligned with the Energy Transition and 5% of revenues is aligned with the Resource Transition.
The contribution to the Resource Transition comes from 5% of proceeds allocated to the impact objective Environmentally Sustainable Management of Living Natural Resources & Land Use.
The contribution to the Energy Transition comes from 95% of proceeds allocated to the impact objective Energy Efficiency, and 0% of proceeds allocated to Renewable Energy.