Vodafone Group plc

Vodafone Group plc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 1,370 Kt (-580 /-29.7% y-o-y). Also positively, carbon intensity plummeted to 25 t (-8.1 /-24.3% y-o-y).

Vodafone Group plc's Scope 3 emissions decreased to 9,400 Kt (-100 /-1.1% y-o-y). The rate of decline has slowed vs. the previous periods (CAGR -4.2% since 1Q'19).

The company is committed to reducing Scope 1 + 2 by 50% by 2025 from a base year 2017, which translates into the estimated reduction of -90 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -567 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 50% by 2030 from a base year 2020, which translates into the estimated reduction of -517 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.