Secondary Market

EcoVadis, a global leader in corporate sustainability performance assessments, awards medals based on company scores in its detailed evaluation system. Companies are rated on a scale from 0 to 100, and the medals reflect their overall commitment to environmental, social, and governance (ESG) practices. Vodafone’s ESG performance has once again been rated highly by EcoVadis in their 2024 report. Achieving an impressive score of 83/100, Vodafone not only surpassed its 2023 rating by three points but also secured a Platinum Medal, placing it in the top 1% of companies assessed globally. This recognition is a significant achievement, considering EcoVadis’ extensive database, which includes over 130,000 companies across 180 countries and 220 industries.

Below is a breakdown of how EcoVadis assigns these medals:

Medal criteria overview:

1 Platinum Medal

Score: 75 - 100
Recognition: Top 1% of companies assessed.

2 Gold Medal

Score: 70 - 74
Recognition: Top 5% of companies assessed.

3 Silver Medal

Score: 65 - 69
Recognition: Top 25% of companies assessed.

4 Bronze Medal

Score: 50 - 64
Recognition: Top 50% of companies assessed.

Vodafone’s ESG performance has once again been rated highly by EcoVadis in their 2024 report. Achieving an impressive score of 83/100, Vodafone not only surpassed its 2023 rating by three points but also secured a Platinum Medal, placing it in the top 1% of companies assessed globally. This recognition is a significant achievement, considering EcoVadis’ extensive database, which includes over 130,000 companies across 180 countries and 220 industries.

EcoVadis’ assessment evaluates companies on four core themes: environment, labor and human rights, ethics, and sustainable procurement. Vodafone’s high score in 2024 reflects its ongoing advancements in these areas. The company has made notable progress in its science-based targets to reduce carbon emissions, as well as its commitment to securing renewable energy sources through multiple channels. The launch of its Climate Transition Plan in May 2024 further demonstrates Vodafone’s proactive approach to tackling climate change.

Sustainable procurement practices elevate Vodafone’s rating

In addition to its environmental initiatives, Vodafone’s commitment to sustainable procurement played a pivotal role in its 2024 EcoVadis rating. The company has integrated environmental factors into its supplier evaluation processes, ensuring that potential partners meet strict criteria, including having their own carbon reduction targets and transparent reporting. This strategy not only strengthens Vodafone’s supply chain but also promotes a culture of sustainability within its wider network.

Vodafone’s ambition extends beyond maintaining high EcoVadis scores. The company has set clear targets for achieving net-zero operations: by 2028 in Europe, by 2035 in Africa, and across its entire value chain by 2040. These goals align with Vodafone’s broader mission to lead the telecommunications industry in sustainability and responsible business practices.

Conclusion

Vodafone’s Platinum Medal from EcoVadis is a testament to its robust ESG strategy and its continuous improvements in sustainability practices. By prioritizing renewable energy, implementing science-based targets, and enhancing its procurement policies, Vodafone is not only leading in the telecommunications sector but also setting an example for companies across industries to follow.