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LONDON, Oct. 24, 2022–(BUSINESS WIRE)–IHS Holding Limited (NYSE: IHS) (“IHS Towers”), one of the world’s largest independent owners, operators and developers of shared communications infrastructure through tower counting, announced its roadmap to reduce carbon emissions.
The carbon reduction roadmap provides a comprehensive strategy to reduce emissions from IHS towers, adding a target to reduce kilowatt-hour intensity through 2030 in application spaces 1 and 2 of its tower portfolio, the 2021 emissions knowledge as a benchmark1.
As a component of Project Green, the vital next step in its carbon relief roadmap, the company plans to spend $214 million in capital expenditures for those efforts between 2022 and 2024, and achieve annual savings of $77 million in recurring leveraged loose money (CFLR) by 2025. This, in turn, would merit generating an implicit return on investment of 30%.
As a result, and as discussed earlier in the current quarter’s results, IHS Towers is increasing its investment direction for 2022. The company now plans to spend $645 million to $685 million (in the past $545 million to $585 million), adding $110 million of the $214 million spent on Project Green as it also takes this opportunity to reduce its former diversity based on actual expenses year over year. Date.
The savings will be achieved by connecting more sites to the power grid and by implementing and integrating solar panel solutions and battery garages. As a component of the green project, IHS Towers operations in Cameroon, Côte d’Ivoire, Kuwait, Nigeria, Rwanda and Zambia, where reliance on diesel turbines has increased.
Sam Darwish, President and Chief Executive Officer of IHS Towers, said, “Our business style is inherently sustainable as we provide shared infrastructure responses in emerging markets that drive virtual connectivity and inclusion and improve the lives of the communities we serve. However, I believe that the true benefits of cellular connectivity can only be realized if we and our industry continue to expand in a socially and environmentally responsible way. Our carbon reduction roadmap is the next step in our journey to reduce our carbon footprint by setting tangible emissions targets.
IHS Towers also took the opportunity to review its corporate rates and incorporate a new fifth sustainability tariff that focuses on health and safety, security and the environment, issues that are additionally incorporated throughout the company. These prices are our guiding principles that encourage teamwork and us in achieving our non-unusual business goals.
Webcast on the roadmap to reduce carbon emissions
Also, today, October 24, at 10:00 a. m. ET (3:00 p. m. UK time), a conference call and webcast will be held to discuss the roadmap for reducing carbon emissions.
Conference call numbers are 1 (646) 307-1963 (US) or 44 20 3481 4247 (UK/International). Caller ID is 4777557.
To register for the webcast, please here.
The roadmap for reducing carbon emissions can be downloaded from the IHS Towers online page here.
Cautionary Note Regarding Forward-Looking Information
This press release includes forward-looking statements. We intend that such forward-looking statements be covered by the applicable port provisions for forward-looking statements (or their equivalent) of any applicable jurisdiction, adding those contained in Section 27A of the Securities Act of 1933. Array as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of past fact contained in this press release may be forward-looking statements. In some cases, you can identify forward-looking statements by words such as “possibly”, “will”, “should”, “expects”, “anticipates”, “anticipates”, “could”, “intends”, “targets”. ”, “projects”, “intends”, “believes”, “estimates”, “plans”, “predicts”, “potential” or “continues” or the negative form of those terms or other similar expressions. This news release includes, but is not limited to, statements regarding our long-term effects of operations and monetary condition, including our expected effects for fiscal 2022, industry and business trends. Fix business strategy, plans, market expansion and our long-term goals. execute operations.
We have based those forward-looking statements in large part on our existing expectations and projections relating to long-term events and currency trends that we believe may also affect our business, currency condition and effects of operations. Forward-looking statements involve known and unknown risks, uncertainties and other vital points that could possibly cause our actual effects, functions or achievements to be materially different from any long-term effects, functionality or achievements expressed or implied through the forward-looking statements, including, but not limited to:
breach or termination, non-renewal or truly extensive modification of our visitor agreements;
volatility in terms of bill payment times or our inability to collect amounts due from invoices;
a relief in the solvency and monetary strength of our clients;
commercial and political dangers in the countries in which we operate;
general macroeconomic in the countries in which we operate;
changes in existing or new laws, taxes or fees;
currency hazards and/or the ability of U. S. dollars in our markets;
regional or global fitness pandemics, adding COVID-19, and geopolitical conflicts and wars, adding those between Russia and Ukraine;
our ability to effectively execute our business strategy and operational plans, adding our ability to increase the number of lease placements and amendments on our towers and to build new sites or expand similar activities to adjacent telecommunications verticals (adding, for example, with respect to our fiber optic businesses in Latin America and elsewhere) or implement our strategy and lease projects. sustainability or environmental, social and governance (ESG) skills, such as our Green Project roadmap, adding plans to decrease diesel consumption, integrate solar panels and battery garage responses at tower sites, and attach more sites to the power grid;
dependence on external contractors or suppliers, adding failures or poor performance or inability to obtain products or for us (in a timely manner or not to do so) due to sanctions regulations, due to supply chain problems or for other reasons;
increases in operating expenses, increases in diesel costs;
failure to renew or extend our land leases, or our rights to access and operate our towers or other telecommunications infrastructure assets;
loss of customers;
changes to operators’ network deployment plans in the countries in which we operate;
a relief in the demand for our services;
the advent of new technologies that reduce the need for tower infrastructure and/or adjacent telecommunications verticals;
major festival in telecom tower infrastructure and/or adjacent telecom vertical markets;
our inability to incorporate recent or long-term acquisitions;
dependence on our control team and/or key employees;
failure to download the required approvals and licenses for any of our sites or activities or not to comply with regulations;
environmental responsibility;
inadequate insurance coverage, loss of assets and business interruption;
Compliance with or violations (or alleged violations) of laws, regulations and sanctions, including but not limited to those related to telecommunications, tax, labor, employment (including new minimum wage regulations), industry unions, fitness and safety, antitrust and competition, environmental protection, customer protection, privacy and knowledge protection, import/export, foreign exchange or foreign exchange, and anti-corruption, anti-corruption and/or anti-money laundering laws, sanctions and regulations;
fluctuations in overall for diesel or other materials;
interruptions in the supply of diesel or other materials;
judicial and arbitration proceedings;
shareholder dependence (including to invest in expansion opportunities) and similar dangers to like-party transactions;
risks similar to the markets in which we operate;
injury, illness or death of employees, contractors or third parties as a result of health and safety incidents;
loss of assets due to security considerations or civil unrest;
loss or damage from attacks on any data generation formula or software;
loss or damage of assets due to excessive weather events, whether due to or due to weather changes;
failure to meet the needs for accurate and timely monetary reporting and/or failure to comply with internal control over the monetary reporting criteria that entitle them to Sarbanes Oxley certification;
risks related to our as a foreign personal issuer; and
material points discussed in the “Risk Factors” segment of our Annual Report on Form 20-F/A for the year ended December 31, 2021 (filed August 16, 2022).
The forward-looking statements contained in this press release are based on data provided to us as of the date of this press release, and although this data provides a moderate basis for such statements, such data may be limited or incomplete. . Array and our statements should not be construed to mean that we have conducted a thorough investigation or review of all applicable data that may be obtained. Such statements are inherently dubious and investors are cautioned not to place undue reliance on such statements. You deserve to read this press release and the documents we refer to in this press release knowing that our actual long-term results, functionalities and achievements may be materially different from what we expect. We qualify all of our forward-looking statements with those cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new data, long-term events or otherwise.
About IHS Towers: IHS Towers is one of the world’s largest independent owners, operators and developers of shared communications infrastructure across towers and is the largest independent multinational tower targeting exclusively emerging markets. The company has approximately 40,000 towers in its 11 markets, adding Brazil, Cameroon, Colombia, Cote d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia. For more information, email communications@ihstowers. com or visit: www. ihstowers. . com
1 IHS will revise the baseline for this goal as we expand into new markets, or surround growth, or to reflect significant adjustments in our organization.
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Contacts
Giles Bethule/ Akash LodhFGS Global Email: Giles. Bethule@fgsglobal. com / Akash. Lodh@fgsglobal. com Phone: 207 251 38 01