Commercial, Energy Efficiency, GHG Emissions - October 24, 2022
IHS Towers To Cut Emissions 50% by 2030
IHS Holding Limited, independent owners, operators, and developers of shared communications infrastructure, set a comprehensive strategy for decreasing IHS Towers’ emissions, including a goal to reduce the Scope 1 and Scope 2 kilowatt-hour emissions intensity of its tower portfolio by 50% by 2030, using 2021 emissions data as the baseline.
The company’s Carbon Reduction Roadmap includes Project Green, the next significant step of its Carbon Reduction Roadmap. IHS expects to spend $214 million in CAPEX towards these efforts between 2022 and 2024, and to deliver annual Recurring Levered Free Cash Flow (RLFCF) savings of $77 million in 2025.
Savings will be achieved by connecting more sites to the electricity grid and via the deployment and integration of battery storage and solar panel solutions. In scope for Project Green are IHS Towers’ operations in Cameroon, Côte d’Ivoire, Kuwait, Nigeria, Rwanda, and Zambia where reliance on diesel generators has been traditionally greater.
“We believe that our business model is inherently sustainable in that we deliver shared infrastructure solutions in emerging markets that promote digital connectivity and inclusion and improve the lives of the communities we serve,” said Sam Darwish, IHS Towers Chairman & CEO in a statement. “However, I believe that the true benefits of mobile connectivity can only be realized if we and our sector continue to develop in a socially and environmentally responsible manner. Our Carbon Reduction Roadmap is the next step in our journey to reduce our carbon footprint by setting tangible emissions targets.”