2024 ESG Methodology

22

Vodafone Group Plc

Protecting our Planet Empowering People Maintaining Trust

Other information

Smart metering solutions Commercial Global average: 1,798 kgCO2e/smart meter

Description

Carbon abatement mechanism

IoT-enabled meters, which regularly record utility consumption (gas or electricity) and communicate the information back to the energy or utility company to allow remote reporting. Commercial settings also often have multiple smart meters to isolate different areas of consumption. Sub-meters and district heating are allocated under commercial smart meters. IoT-enabled meters, which regularly record utility consumption (electricity or gas) and communicate the information back to the energy or utility company to allow remote reporting.

Smart meters in commercial property provide visibility to building managers as to where and when an organisation is consuming energy. Smart meters have been shown to lead to energy savings, as consumption can be better monitored and optimised. The electricity and gas use avoided per commercial building with a smart meter were assumed to be 16.8% (based on publicly available research of commercial building metering). Smart meters are seen as an important tool to reduce domestic utility consumption and manage utility networks more efficiently. Many studies have demonstrated that the installation of smart meters and associated initiatives have resulted in energy consumption reductions. The electricity use avoided per residential home with a smart meter were assumed to be 3.5%, and 3% for gas use (based on Vodafone industry insights research).

Residential Global average for residential gas: 29 kgCO 2 e/connection Global average for residential electricity: 98 kgCO 2 e/ connection Global average for residential dual fuel customers: 127 kgCO 2 e/connection Global average for residential mixed metering: 69 kgCO2e/connection Mixed metering Global average range: 45- 160 kgCO2e/connection

IoT-enabled meters, which regularly record utility consumption (gas and/or electricity) and communicate the information back to the energy or utility company to allow remote reporting. Mixed metering includes mixed electricity and gas meters, mixed commercial and residential electricity meters, and mixed commercial and residential gas meters.

Smart meters are seen as an important tool to reduce domestic utility consumption and manage utility networks more efficiently. Many studies have demonstrated that the installation of smart meters and associated initiatives have resulted in energy consumption reductions. For customer with a relatively low level of consumption but for which the metering type (residential or commercial) was not known, a mixed metering abatement factor was applied representative of a weighted average of emissions avoided from residential and commercial metering solutions).

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