What are the most relevant ESG challenges facing both Verizon and Vodafone including challenges faced by stakeholders as well as by external requirements?

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What are the most relevant ESG challenges facing both Verizon and Vodafone including challenges faced by stakeholders as well as by external requirements?



Answered 1 days AfterApr 21, 2022

Answer To: What are the most relevant ESG challenges facing both Verizon and Vodafone including challenges...

Sharanya answered on Apr 22 2022
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ESG Challenges Faced by Verizon and Vodafone
Introduction
ESG or Environmental, Social, and Governance strategies follow specific
standards used to measure a company's sustainability prospects by investors, customers, and employees. There is no universal method for preparing these ESG reports, and companies tend to improvise as per their strategies, resulting in a lack of standardization. However, some of the significant issues that these reports inevitably touch upon are the impact of the company's activities on the environment, particularly energy consumption and greenhouse gas emissions; impact on its various stakeholders such as employees, customers, communities, policymakers and shareholders; and its overall approach towards internal administration, HR policies, demographic nuances, and leadership policies.
Vodafone
· Knowing the adverse effects of refrigerant gasses on the climate, particularly ozone layer depletion and global warming, Vodafone should limit its emissions. However, refrigerant gas emission percentage has increased dramatically in the last three years, making it a crucial battle to deal with.
· Another significant contributor to environmental risk is the enormous amount of electricity used in its base stations and data centers. The energy consumed at its Network base station sites accounts for more than half of the company's total electrical energy consumption, which is alarming because it has been steadily rising over the past couple of years.
· Even though Vodafone's 2025 plans include minimizing GHG emissions by 40% and procuring 100% of its energy from renewable sources, To date, Vodafone has only been able to source 56 per cent of its electricity from renewable sources since its...
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