VEON Publishes 2023 Integrated Annual Report
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has published its 2023 Integrated Annual Report, highlighting the company's performance across financial, social, environmental, and governance metrics. Key achievements include:
- Expanded 4G coverage, with 60% of mobile customers on 4G by end of 2023
- Provided digital services in finance, entertainment, healthcare, and education
- Invested in employee training, averaging 40 hours per employee
- Increased share of senior female leaders
- Reduced Scope 1 and 2 CO2 emissions by 14% year-on-year
- Decreased total energy consumption by 0.4% despite 21% increase in data usage
VEON aims to continue driving sustainable growth through digitalization and AI-based solutions, focusing on financial inclusion and bridging the AI gap in its markets.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha pubblicato il suo Rapporto Annuale Integrato 2023, evidenziando le performance dell'azienda in vari ambiti: finanziario, sociale, ambientale e di governance. Le principali realizzazioni includono:
- Espansione della copertura 4G, con il 60% dei clienti mobili sulla rete 4G entro fine 2023
- Servizi digitali forniti in finanza, intrattenimento, sanità ed educazione
- Investimenti nella formazione dei dipendenti, con una media di 40 ore per dipendente
- Aumento della percentuale di donne leader senior
- Riduzione delle emissioni di CO2 di Scopo 1 e 2 del 14% su base annua
- Diminuzione del consumo totale di energia dello 0,4% nonostante un aumento del 21% nell'uso dei dati
VEON punta a continuare a promuovere una crescita sostenibile attraverso la digitalizzazione e soluzioni basate sull'IA, concentrandosi sull'inclusione finanziaria e sul colmare il divario dell'IA nei suoi mercati.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha publicado su Informe Anual Integrado 2023, destacando el rendimiento de la empresa en métricas financieras, sociales, ambientales y de gobernanza. Los logros clave incluyen:
- Ampliación de la cobertura 4G, con el 60% de los clientes móviles en 4G para finales de 2023
- Servicios digitales en finanzas, entretenimiento, salud y educación
- Inversión en la formación de empleados, con un promedio de 40 horas por empleado
- Aumento de la participación de mujeres líderes senior
- Reducción de las emisiones de CO2 de Alcance 1 y 2 en un 14% interanual
- Disminución del consumo total de energía en un 0.4% a pesar de un aumento del 21% en el uso de datos
VEON busca continuar impulsando un crecimiento sostenible a través de la digitalización y soluciones basadas en IA, enfocándose en la inclusión financiera y en cerrar la brecha de IA en sus mercados.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON)가 2023 통합 연례 보고서를 발표하며, 재무, 사회, 환경 및 지배 구조 지표를 통한 회사의 성과를 강조했습니다. 주요 성과는 다음과 같습니다:
- 2023년 말까지 모바일 고객의 60%가 4G로 전환하면서 4G 커버리지 확대
- 금융, 엔터테인먼트, 의료, 교육 분야의 디지털 서비스 제공
- 직원 당 평균 40시간의 교육에 투자
- 여성 고위 리더 비율 증가
- 연간 기준으로 스코프 1 및 2 CO2 배출량 14% 감소
- 데이터 사용량이 21% 증가했음에도 불구하고 전체 에너지 소비 0.4% 감소
VEON은 디지털화와 AI 기반 솔루션을 통해 지속 가능한 성장을 계속해서 추진하며, 재정적 포용성과 AI 격차 해소에 집중하고 있습니다.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) a publié son Rapport Annuel Intégré 2023, mettant en avant les performances de l'entreprise dans des domaines financiers, sociaux, environnementaux et de gouvernance. Les principales réalisations comprennent :
- Extension de la couverture 4G, avec 60% des clients mobiles en 4G d'ici fin 2023
- Services numériques offerts dans la finance, le divertissement, la santé et l'éducation
- Investissements dans la formation des employés, avec une moyenne de 40 heures par employé
- Augmentation de la part de femmes leaders senior
- Réduction des émissions de CO2 de portée 1 et 2 de 14% d'une année sur l'autre
- Diminution de la consommation totale d'énergie de 0,4% malgré une augmentation de 21% de l'utilisation des données
VEON a pour objectif de continuer à favoriser une croissance durable par la digitalisation et des solutions basées sur l'IA, en se concentrant sur l'inclusion financière et en comblant l'écart de l'IA sur ses marchés.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) hat seinen integrierten Jahresbericht 2023 veröffentlicht und dabei die Leistungen des Unternehmens in den Bereichen Finanzen, Soziales, Umwelt und Governance hervorgehoben. Wesentliche Erfolge umfassen:
- Erweiterung der 4G-Abdeckung, mit 60% der Mobilkunden bis Ende 2023 in 4G
- Bereitstellung digitaler Dienste in den Bereichen Finanzen, Unterhaltung, Gesundheitsversorgung und Bildung
- Investitionen in die Schulung der Mitarbeiter mit einem Durchschnitt von 40 Stunden pro Mitarbeiter
- Erhöhung des Anteils weiblicher Führungskräfte im oberen Management
- Reduzierung der CO2-Emissionen der Bereiche 1 und 2 um 14% im Jahresvergleich
- Rückgang des gesamten Energieverbrauchs um 0,4% trotz eines Anstiegs des Datenverbrauchs um 21%
VEON strebt an, das nachhaltige Wachstum durch Digitalisierung und KI-gestützte Lösungen voranzutreiben, wobei der Fokus auf der finanziellen Inklusion und der Überbrückung der KI-Kluft in seinen Märkten liegt.
- Expanded 4G coverage, with 60% of mobile customers on 4G by end of 2023
- Reduced Scope 1 and 2 CO2 emissions by 14% year-on-year
- Decreased total energy consumption by 0.4% despite 21% increase in data usage
- Invested in employee training, averaging 40 hours per employee
- Increased share of senior female leaders
- None.
Insights
VEON's 2023 Integrated Annual Report showcases a holistic approach to value creation, balancing financial performance with social and environmental impact. As a Corporate Sustainability Analyst, I find several noteworthy aspects:
- Digital Inclusion: The company's focus on expanding 4G coverage, with
60% of mobile customers now on 4G, demonstrates a commitment to bridging the digital divide in emerging markets. - Human Capital Development: An average of 40 hours of training per employee and increased female leadership representation indicate a strong investment in workforce development and diversity.
- Environmental Progress: A
14% year-on-year reduction in Scope 1 and 2 CO2 emissions, coupled with a0.4% decrease in energy consumption despite a21% increase in data usage, reflects significant strides in operational efficiency and sustainability. - Community Impact: Providing free or subsidized internet access to over 1,200 educational institutions and organizing entrepreneurship events for 2,800+ attendees demonstrates a commitment to social development in VEON's markets.
While these initiatives are commendable, the report lacks specific targets for future sustainability improvements. Setting clear, measurable goals for areas like emissions reduction, diversity in leadership and digital inclusion would enhance VEON's sustainability strategy and provide stakeholders with benchmarks for progress assessment.
VEON's 2023 performance, as outlined in their Integrated Annual Report, reveals several key trends in the telecom sector, particularly in emerging markets:
- 4G Adoption: The
60% 4G penetration among VEON's mobile customers underscores the ongoing transition from 3G to 4G in developing economies. This shift is important for enabling more advanced digital services and improving average revenue per user (ARPU). - Digital Services Diversification: VEON's focus on digital financial services, entertainment, healthcare and education aligns with the industry-wide trend of telecom operators evolving into digital ecosystem providers. This strategy aims to create new revenue streams and increase customer stickiness.
- Network Efficiency: The ability to handle a
21% increase in data consumption while reducing energy usage by0.4% demonstrates significant improvements in network efficiency. This is important for managing operational costs in an industry facing constant pressure to expand capacity. - Localization Strategy: VEON's emphasis on local talent development and market-specific digital services reflects a nuanced approach to diverse markets, which is increasingly important in a globally competitive telecom landscape.
However, the report doesn't provide specific financial figures or market share data, which would be valuable for a more comprehensive analysis of VEON's competitive position and financial health in its operating markets.
Amsterdam, 29 July 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services (“VEON” or “the Company”, and together with its subsidiaries the “Group”), announces that today it has published its 2023 Integrated Annual Report (IAR), showcasing the Company’s performance across financial, social, environmental and governance metrics.
“Our 2023 Integrated Annual Report highlights more than just our solid financial performance in 2023 – it details how VEON is creating value for all its stakeholders with its focus on material topics like digital infrastructure, financial and digital inclusion, developing human and intellectual capital, building social capital and preserving the environment. We will continue to be a force for sustainable growth, leveraging the power of digitalization, and focusing on providing the services that our markets need in financial inclusion, entertainment, healthcare and education. We have also started deploying AI-based solutions to augment human capabilities and will strive towards bridging the AI gap,” said Kaan Terzioglu, Group CEO of VEON.
During 2023, VEON’s operating companies across Pakistan, Ukraine, Kazakhstan, Bangladesh and Uzbekistan facilitated digital inclusion in their respective markets by: expanding 4G coverage and increasing the share of 4G customers in their user base – which accounted for
The Group’s investments in human and intellectual capital included an average of 40 hours of training per employee and increasing the share of senior female leaders. The Group also invested heavily in local talent, including local hirings into senior management positions, employee upskilling programs and support for social initiatives geared towards local talent building and retention. Throughout 2023, the Group provided more than 1,200 educational institutions with free or subsidised internet access. Educational events on entrepreneurship organised by VEON’s operating companies were attended by over 2,800 people in 2023.
VEON is actively engaged in developing and implementing solutions to improve its environmental footprint. During 2023, the Group’s total Scope 1 and Scope 2 CO2 emissions decreased by
For more details on VEON’s financial performance in 2023, please refer to the Company’s previously disclosed preliminary results for the fiscal year ended 31 December 2023, which are available on the Company’s website. The FY 2023 financial performance presented in VEON’s preliminary results and in the IAR is, unless otherwise stated, based on IFRS and has not been externally audited or reviewed.
For detailed insights into the Group's sustainability performance in 2023, please visit VEON's 2023 Integrated Annual Report on the company's website: https://www.veon.com/investors#tab-item-104
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than
Disclaimer
This release contains “forward-looking statements”, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s financial, operational and ESG plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
VEON
Hande Asik
Group Director of Communications
pr@veon.com
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