- IHS Towers publishes comprehensive 2024 Sustainability Report, highlighting significant ESG progress.
- Key initiatives include 55% sustainability spend on education and economic growth, plus a 20% reduction in emissions intensity since 2021.
- Completion of three-year partnership with Giga and notable contributions to digital inclusion in several countries.
IHS Holding Limited (IHS, Financial), a leading global owner, operator, and developer of shared communications infrastructure, has released its 2024 Sustainability Report covering activities from January 1 to December 31, 2024. The report underscores IHS Towers’ dedication to a connected world, emphasizing the importance of mobile connectivity for economic and social advancement.
Throughout 2024, IHS Towers concentrated efforts on its four-pillar sustainability strategy, focusing on ethics and governance, environmental and climate change initiatives, education and economic growth, and support for people and communities. A significant 55% of sustainability spending was allocated to education and economic growth activities, which included developing ICT centers, digital kiosks, and STEM training programs to enhance educational resources.
The report details the conclusion of a three-year partnership with Giga, a UNICEF and ITU initiative, aimed at connecting schools worldwide to the internet. IHS Towers played a pivotal role in this mission, particularly by providing data that enabled a more comprehensive visibility analysis in Brazil.
Environmental achievements include a notable reduction of Scope 1 and Scope 2 kilowatt-hour emissions intensity by approximately 11% compared to 2023, and a 20% reduction since 2021. The "Project Green" investment has reached $209.4 million since 2022, with additional efforts including the planting of 7,800 seedlings in Brazil’s Amazon and rainwater harvesting partnerships in Rwanda.
Socially, IHS Towers has made strides in health and safety, reducing work-related injuries and implementing new HSE Principles. Moreover, substantial investments have been made in community-focused initiatives, totalling $37 million since 2017.
In terms of governance, IHS achieved a Level 4 rating in its first B-BBEE audit in South Africa and maintained ISO 37001 Anti-Bribery Management System certifications. Their updated ESG Risk Rating from Morningstar Sustainalytics ranks them in the top 9% of the Telecommunication Services Industry.
For further details on IHS Towers' sustainability efforts and to access the full report, visit their website at www.ihstowers.com/sustainability.
