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Pin to quick picksHelios Towers Regulatory News (HTWS)

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Carbon Reduction Roadmap

25 Nov 2021 07:00

RNS Number : 5230T
Helios Towers PLC
25 November 2021
 

Helios Towers plc

("Helios Towers", "the Group" or "the Company")

 

Carbon Reduction Roadmap

Target to reduce carbon intensity per tenant by 46% by 2030

Ambition to achieve net zero carbon emissions by 2040

Company will invest a total of US$100m between 2022 and 2030 to further utilise renewable energy solutions

 

London, 25 November 2021 - Helios Towers, the independent telecommunications infrastructure company, today announces that it has set a target to reduce its carbon intensity per tenant by 46% by 2030. The target covers Scope 1 and 2 emissions against a 2020 baseline and covers the five markets where the Company was operational in 2020. This 2030 target translates into maintaining absolute emissions at 2020 levels despite significant growth anticipated to support mobile operators' improved telecommunications coverage over the coming years. As Helios Towers expands into new markets and collects operational data for a full year, the Company will review the baseline for the target.

 

The Company's target for 2030 combines both actionable investments and innovation against the backdrop of complex challenges to significantly enhance mobile infrastructure in markets in Sub-Saharan Africa where unique mobile subscriber penetration is still below 50%1 and also where access to electricity is limited, unreliable and in some areas non-existent. The Company is pledging to invest a total of US$100 million between 2022 and 2030 to reduce its reliance on generators and use more efficient, greener solutions.

 

Helios Towers' long-term ambition is to become a net zero carbon emissions business by 2040.

 

Kash Pandya, Chief Executive Officer, stated:

 

"Reducing our carbon footprint is a challenge we take incredibly seriously. Over the past five years, we have built a strong team focused on delivering reliable mobile infrastructure across our markets while reducing our dependency on generators. This has been achieved by becoming more efficient, connecting sites to the grid, and using renewable solutions, for example hybrid battery and solar installations. Now, we are taking this work further by setting specific carbon intensity targets, developing a roadmap towards net zero emissions, and investing in our markets for a more sustainable future."

 

Emissions information and disclosure is provided in the 2020 Sustainable Business Report. The next report will be published in March 2022.

 

For further information go to:

www.heliostowers.com

 

1 GSMA, "The Mobile Economy Sub-Saharan Africa", 2021

 

 

Investor Relations

Chris Baker-Sams - Head of Strategic Finance and Investor Relations

+44 (0)752 310 1475

 

Media relations

Edward Bridges / Stephanie Ellis

FTI Consulting LLP

+44 (0)20 3727 1000

 

Helios Towers' management will host a conference call at 09.30 GMT, Thursday, 25 November. For the best user experience, please access the conference via the webcast. You can pre-register and access the event using the link below:

 

Registration Link - Helios Towers Carbon Roadmap Presentation

Event Name: CARBONROADMAP

Password: HELIOS

 

If you intend to participate in Q&A during the call or are unable to use the webcast, please dial in using the details below:

 

Europe & International

+44 203 936 2999

South Africa (local)

087 550 8441

USA (local)

+1 646 664 1960

Passcode:

076055

 

 

About Helios Towers

 

· Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

 

· Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal and Madagascar. Following recent acquisition agreements and subject to regulatory approval, Helios Towers expects to establish a presence in four new markets across Africa and the Middle-East over the next six months. Including these acquisitions and committed BTS, the Group's total site count is expected to increase from over 9,000 towers to almost 15,000.

 

· Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators. This allows wireless operators to outsource non-core tower-related activities, enabling them to focus their capital and managerial resources on providing higher quality services more cost-effectively.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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