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Econet Wireless Zimbabwe demonstrates commitment to environmental transparency

25 October 2023

Econet Wireless Zimbabwe has underlined its commitment to environmental transparency by disclosing its environmentalimpact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform.

Econet, the leading telecommunications and technology company in the country, said it submitted its inaugural CDP environmental sustainability record this year and completed CDP’s climate change, forests and water security questionnaire.

With over 23 000 companies disclosing through CDP in 2023, disclosing data on environmental impact is now a business norm for top companies.

Econet said its data will be added to the most comprehensive inventory of self-reported environmental data in the world – helping to drive action through greater transparency.

“By disclosing through CDP, Econet is prepared to respond to the increasing demand for environmental transparency from financial institutions, customers, and policymakers,” the company said.

In its disclosure, Econet shared its carbon footprint reduction initiatives through supporting base stations using solar energy, as well as its tree planting initiatives.

“Today, we are witnessing a new milestone in embracing sustainability that we started years back by being listed among theinstitutions disclosing the environmental impact of their operations through CDP, the world’s leading environmental disclosure platform,” said Econet’s General Manager for Sustainability, Fidelia Gandiya.

“Importantly the CDP disclosure allows us to track our improvements year on year and ensure we remain at the cutting edge of sustainability leadership. The partnership with CDP provides us with the opportunity to adopt greater transparency in disclosing the environmental impact of our operations. This is in line with our focus of embedding ESG standards into all our activities and reinforcing our contribution to supporting the transition towards a sustainable, low-carbon economy,” she said.

Sherry Madera, Chief Executive Officer at CDP, said with over 23 000 businesses disclosing through CDP this year, it is clear that sustainability – and the data that underpins it –  is not a “nice to have”, but an essential part of long-term success in thebusiness community that is showing no sign of slowing down.

“Disclosure works, and today we should take a short pause to celebrate the dedication to transparency and accountability shown by Econet Wireless reporting through CDP this year. A 1.5-degree future is still possible if the global community works in lockstep to get there.

“By sharing their environmental data with CDP, Econet is continuing an environmental journey that will contribute to keeping that future in sight,” she said.

CDP was founded in 2000 and working with more than 740 financial institutions with over $137 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and reduce greenhouse gas emissions, safeguard water resources and protect forests.

Over 25 000 organisations around the world disclosed data through CDP in 2023, with more than 23 000 companies – including listed companies worth two-thirds of the entire global market capitalisation – and over 1 100 cities, states, and regions. CDP holds the largest environmental database in the world, and its scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.