Safaricom Limited
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Safaricom Limited is a Kenyan telecommunications company that operates in the Wireless Service Providers sector. The company was founded in 1997 and is headquartered in Nairobi, Kenya. Safaricom is the largest mobile network operator in Kenya, with over 35 million subscribers and a market share of over 60%. The company is also the leading provider of mobile money services in Kenya, with its M-PESA platform having over 28 million active users.
Safaricom is committed to decarbonisation and reducing its carbon footprint. The company has set a target to reduce its carbon emissions by 30% by 2025, and it is working towards achieving this goal through a number of initiatives. One of these initiatives is the use of renewable energy to power its operations. Safaricom has invested in solar power plants and wind farms to generate clean energy, and it is also exploring the use of other renewable energy sources such as geothermal and hydroelectric power.
In addition to investing in renewable energy, Safaricom is also implementing energy efficiency measures to reduce its energy consumption. The company has installed energy-efficient lighting and cooling systems in its offices and data centers, and it is also using energy-efficient equipment and appliances.
Safaricom is also engaging in corporate power purchase agreements (PPAs) to support the development of renewable energy projects. The company has signed a number of PPAs with renewable energy developers in Kenya, which enable it to purchase clean energy at a fixed price over a long-term period. These agreements provide a stable revenue stream for the developers, which helps to attract investment in the renewable energy sector.
Safaricom is also committed to promoting the use of renewable energy among its customers. The company has launched a number of initiatives to encourage the adoption of solar power among its customers, particularly in rural areas where access to electricity is limited. One of these initiatives is the M-KOPA Solar program, which enables customers to purchase solar home systems on credit and pay for them through their M-PESA accounts.
Safaricom's commitment to decarbonisation and renewable energy has earned it recognition and awards both locally and internationally. In 2020, the company was named the winner of the Energy Management Award at the Kenya Association of Manufacturers Energy Management Awards. The award recognized Safaricom's efforts in reducing its energy consumption and promoting the use of renewable energy.
In addition to its focus on decarbonisation and renewable energy, Safaricom is also committed to corporate social responsibility (CSR) initiatives. The company has a number of CSR programs that focus on education, health, and environmental conservation. One of these programs is the Safaricom Foundation, which supports community development projects in Kenya. The foundation has invested in projects such as the construction of classrooms, health clinics, and water wells in rural areas.
Safaricom's commitment to CSR has also earned it recognition and awards. In 2020, the company was named the winner of the Best Corporate Social Responsibility Award at the East Africa Com Awards. The award recognized Safaricom's efforts in promoting sustainable development and improving the lives of people in the communities where it operates.
In conclusion, Safaricom Limited is a Kenyan telecommunications company that operates in the Wireless Service Providers sector. The company is committed to decarbonisation and reducing its carbon footprint, and it is achieving this through a number of initiatives such as investing in renewable energy, implementing energy efficiency measures, and engaging in corporate PPAs. Safaricom is also committed to promoting the use of renewable energy among its customers and engaging in CSR initiatives that focus on education, health, and environmental conservation. The company's commitment to sustainability has earned it recognition and awards both locally and internationally.