VEON Publishes 2023 Integrated Annual Report
July 29 2024 - 11:15AM
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 60% of VEON’s mobile
customers at the end of 2023; serving consumers and enterprises
with digital services and products that respond to the needs of
each market in digital financial services, digital entertainment,
healthcare and education; and contributing to digital and financial
literacy and empowerment through community programs.
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 14% year-on-year, and total energy consumption
declined by 0.4% year-on-year despite the 21% increase in the total
data consumption on our networks, thanks in part to investments in
power-efficient telecommunications infrastructure, infrastructure
sharing and rising use of renewable energy sources to power
networks.
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 VEONVEON 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 7% of the world’s population, VEON is
transforming lives through technology-driven services that empower
individuals and drive economic growth. Headquartered in
Amsterdam, VEON is listed on NASDAQ and Euronext. For more
information visit: www.veon.com
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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