CEO Shameel Joosub on Vodacom Group’s ESG targets & the need to invest in future generations
CEO of African telecoms giant Vodacom, Shameel Joosub, spoke to CNBC Africa on the side-lines of COP27 about the group's active partnership and sponsorship at the conference.
Thu, 10 Nov 2022 12:59:58 GMT
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AI Generated Summary
- Vodacom Group aims to reduce GHG emissions by 50 percent and transition to 100 percent renewable energy sources by 2025.
- The company leverages its platforms to support farmers, improve water management, and enhance sustainable agriculture practices across Africa.
- Shameel Joosub emphasizes the importance of partnerships between governments and the private sector in driving sustainable projects and securing funding for climate initiatives.
The CEO of Vodacom Group, Shameel Joosub, recently sat down with CNBC Africa to discuss the telecommunications company's active involvement in climate change initiatives at the COP27 conference. Joosub highlighted the importance of corporate responsibility in addressing climate change and outlined the steps Vodacom is taking to reduce its greenhouse gas emissions and transition to renewable energy sources. By 2025, Vodacom aims to reduce its GHG emissions by 50 percent and ensure that 100 percent of its power is from renewable sources. The company has also leveraged its platforms to support farmers across Africa, improve water management through IoT technology, and contribute to sustainable agriculture practices. Joosub emphasized the crucial role that businesses play in tackling climate change and underscored the need for partnerships between governments and the private sector. He noted the significance of collaboration in driving sustainable projects and securing funding for climate initiatives. Joosub also discussed the potential for renewable energy solutions to address South Africa's power crisis and urged expedited action to implement such initiatives. Overall, Vodacom remains committed to its purpose of 'connecting for a better future' and actively contributes to global efforts to combat climate change.
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