- Lack of electric vehicle (EV) models suitable for commercial operations
- Accelerating decarbonization throughout our value chain
- Managing climate-related risks and opportunities for our business and our customers
- Managing ESG risks throughout our supply chain, including human rights, labor and environmental issues
Verizon Communications Inc.
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 4.1M tCO2e (2020) |
| 2019 | 4.4M tCO2e (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 23.3% reduction in scopes 1 and 2 emissions and 15.1% reduction in scope 3 emissions (2019-2022)
- ~3.6 GW of anticipated renewable energy under contract as of February 2024
- $6 billion in green bonds issued as of February 2024
- 20+ million trees planted since 2009
- 16% reduction in water usage from 2019 to 2022
- Recycled or reused nearly 79 million pounds of materials, including e-waste, in 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Source renewable energy equivalent to 50% of annual electricity usage by 2025
📅 Medium-term
- Source renewable energy equivalent to 100% of annual electricity usage by 2030
- Achieve a 53% reduction in scope 1 and 2 operational emissions by 2030
🔭 Long-term
- Achieve net-zero operational emissions by 2035
- Achieve a 40% reduction in scope 3 emissions by 2035
🌱 ESG Focus Areas
Climate changeCybersecurity and data privacyDiversity, equity and inclusion (DEI)Network resilienceRegulatory engagementSupply chain managementDigital inclusionEmployee health and safetyLabor practicesProduct end-of-life managementTalent attraction and retentionResponsible AI