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Vodafone Group Plc
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Term
Definition
Renewable energy certificates (‘RECs’) Science Based Targets initiative (‘SBTi’)
Renewable energy certificates (‘RECs’) are a market-based instrument that certifies the bearer owns one megawatt-hour (MWh) of electricity generated from a renewable energy resource. The SBTi is a collaboration between the CDP, the United Nations Global Compact (‘UNGC’), WRI and the World Wide Fund for Nature (‘WWF’). It defines and promotes best practices in emissions reductions and net-zero targets in line with climate science. Scope 2 covers indirect emissions from the purchase and use of electricity, steam, heating and cooling in our owned or operationally controlled activities. Scope 1 covers direct emissions from owned or operationally controlled sources
Scope 1 Scope 2 Scope 3
Scope 3 includes all other indirect emissions that occur in the upstream and downstream activities.
Supplier factor Task Force on Climate- related Financial Disclosures (‘TCFD’) The Carbon Trust UK Streamlined Energy and Carbon Reporting (‘SECR’) Upstream activities Vodafone Business Vodafone Procurement Company (‘VPC’) Water intensity Water stressed World Resources Institute (‘WRI’)
The emissions factor reported by the utility provider.
TCFD is a global framework for companies and other organisations to develop more effective climate-related financial disclosures through their existing reporting processes.
The Carbon Trust provides independent certification and assurance services in sustainability.
The UK Streamlined Energy and Carbon Reporting (SECR) policy requires organisations to share energy use and carbon emissions information in their annual reports.
Upstream activities include all emissions-producing activities required to produce Vodafone’s products and services. These include the purchase of goods from manufacturers and transportation costs. Vodafone Business supports organisations in a digital world. With Vodafone’s expertise in connectivity, our leading IoT platform and our global scale, we deliver the results that organisations need to progress and thrive. We support businesses of all sizes and sectors. VPC is Vodafone’s procurement company, leading purchasing and supplier management for Vodafone as a whole. Based in Luxembourg, VPC manages most of Vodafone’s spending with suppliers worldwide. VPC supports the needs of Vodafone’s operating companies and group functions and sells procurement services to third parties. Water intensity is the amount of water a company withdraws per a specific product unit or financial output. Water stress occurs when the demand for water exceeds the available amount during a certain period or when poor quality restricts its use. The World Resources Institute is a global research non-profit organisation. WRI’s activities are focused on seven areas: food, forests, water, energy, cities, climate and ocean.
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