Vodafone Group Plc ESG addendum
19
Protecting our Planet
Empowering People
Building Trust
Other information
Retail stores where Vodafone has operational control (including ability to specify the equipment installed in the store and how it is operated, irrespective of whether the store is owned or leased by Vodafone) fall within our operational control boundary and are therefore accounted for in our Scope 1 and 2 emissions. Vodafone operates a franchise model in some of its markets, where retail stores are not under Vodafone’s operational control, and where the energy required to operate the store is primarily determined by the decisions of a third-party franchisee. These franchised retail stores fall outside Vodafone’s operational boundary and are therefore accounted for in our Scope 3 emissions. These emissions are calculated by multiplying average energy use per retail store (based on the average electricity and natural gas use in retail stores in Germany) by the corresponding IEA and DESNZ emission factors for that country, multiplied by number of franchise retail stores in each market. Emissions from joint ventures and associates are calculated based on Vodafone ’ s equity ownership and the corresponding proportion of the company’s Scope 1 and 2 emissions. In FY25, these investments included network operators in Australia, the Netherlands, India, Ethiopia, Kenya and infrastructure partners in Europe and India. The company’s carbon emissions are based on the latest available annual carbon footprint data, either provided directly to Vodafone through engagement with the investee company, or from publicly disclosed company carbon reporting for the latest available reporting year. A proportion of the total annual Scope 1 and 2 emissions of the investee company is reported based on our equity share as at the end of the reporting period. Scope 3 emissions from investee companies are not currently included in this category as we have not yet been able to determine the significance of the Scope 3 emissions to each investee company’s’ total emissions.
Changes made to the methodology this year include:
14. Franchises Operation of franchises in the reporting year, not included in Scope 1 or 2.
─ Detailed assessment of our retail portfolio against our methodology resulted in inclusion of additional franchises.
Changes made to the methodology this year include:
15. Investments Emissions from activities financed by Vodafone through investments in joint ventures and associates where Vodafone has significant influence.
– Adjustments to account for disposal of the equity in our investee company Indus Towers which was transacted throughout the financial year. In accordance with our re- baselining policy, we have included emissions for this investee until the date of disposal based upon the changes to our equity ownership. Our emissions will be re-baselined in FY26 to adjust for the complete disposal, which occurred in the second half of the financial year.
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