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Verizon

Business Information
Name of Organization: 
Verizon
Organization Type: 
Business Location: 
Verizon
One Verizon Way
07920 Basking Ridge , NJ
United States
40° 43' 31.404" N, 74° 31' 59.8332" W
Website: 
https://www.verizon.com
Renewal Date: 
Monday, August 5, 2019
Management and Leadership
Adopt Environmental Policy Statement
Description of Action: 
At Verizon, our mission is to deliver the promise of the digital world by empowering people to generate innovation and positive change. CEO Hans Vestberg believes that 5G will not only provide a quantum leap in connectivity – it will also unleash exciting new opportunities to address the most pressing environmental and social challenges we face today. In addition to serving as Chairman and CEO of Verizon, Hans is a current member of the Leadership Council of the United Nations’ Sustainable Development Solutions Network. He is also a board member of the UN Foundation, the Whitaker Peace & Development Initiative, and Childhood USA (part of the Queen of Sweden’s World Childhood Foundation).
Identify Sustainability Leader
Description of Action: 
Verizon has a Sustainability Team with a Director of Sustainability, Marissa McInnis. We also have a Chief Sustainability Officer, Jim Gowen.
Annual Environmental Goals
Description of Action: 
• Verizon will source or generate renewable energy equivalent to 50% of its annual electricity consumption by 2025 and 100% by 2030. • Verizon will achieve net zero operational emissions (Scope 1 and 2 emissions) by 2035. • Verizon has announced two science-based emissions reduction targets and will reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions 53% by 2030 over a 2019 baseline and reduce absolute Scope 3 GHG emissions from our value chain 40% by 2035 over a 2019 baseline. The target covering emissions from our operations (scope 1 and 2) is consistent with reductions required to keep warming to 1.5°C. The value chain target is consistent with reductions required to keep warming to well-below 2°C. These targets were calculated using methodologies approved by the Science Based Target initiative (SBTi) at the time the targets were announced in 2020. • Verizon publicly discloses its progress in meeting the foregoing commitments annually in its ESG Report published on its corporate website. • Verizon publicly discloses its externally assured scope 1 , scope 2 and scope 3 GHG emissions, annually on its corporate website.
Waste
Waste Recycling
Description of Action: 
We recycled or reused nearly 79 million pounds of materials, including e-waste, in 2023
Lbs Saved: 
79,000,000
Energy
Renewable Energy
Description of Action: 
Entered into 24 long-term power purchase agreements totaling nearly 3.6 gigawatts (GW) of renewable energy capacity.
Energy Other
Description of Action: 
The renewable energy capacity that we have contracted for is expected to enable the avoidance of over 4.7 million metric tons of CO₂e annually.
Transportation
Transportation Other
Description of Action: 
We met our 2022 goal for our networks and connected solutions to save more than double the amount of emissions that our operations create. Our solutions enabled the avoidance of 12 million metric tons of CO2e in 2020, equivalent to taking 2.6 million cars off the road for one year. The emissions avoided represent approximately 2.8 times the emissions generated by Verizon’s operations (Scope 1 and 2 emissions). As Verizon progresses toward achieving our ambitious corporate climate goals, including achieving net zero operational emissions by 2035, setting an absolute reduction goal instead of an approximate goal holds us accountable for enabling greater reductions for our customers, even as we reduce our own carbon footprint.
Water
Water Conservation
Description of Action: 
We are focused on reducing water use across our facilities. Through 2019, we achieved a 9% reduction with usage at 2.35 billion gallons, down from 2.6 billion gallons in 2016.
Gallons Saved: 
300,000,000
Environmental & Community Restoration
Environmental Restoration Project
Description of Action: 
Verizon has planted over 20 million trees since 2009. From replanting forests for hurricane recovery to supporting urban forestry, we are focused on restoring lost tree canopies and enabling cleaner air and healthier communities
Emergency Preparedness
Be Prepared for Emergencies
Description of Action: 
The resilience of our networks reflects many years of significant investment that allows us to continue to serve our customers even in times of crisis, from extreme weather to other emergency events. We make enhancements to our facilities and networks based on assessments of the relevant geographic area and corresponding types of risks, for example: • Fire. In fire-prone areas, we proactively eliminate brush and waste around our buildings and cell sites that could fuel fires. • Hurricanes. In Florida, our “super switch” facilities can withstand Category 5 hurricane winds to enable us to continue to serve our customers. • Tornadoes. In Missouri, our underground storage unit protects emergency vehicles and network equipment. • Blizzards. Our sub-zero switch in North Dakota is housed in a building designed to withstand extreme snow, ice and flooding. • Rising sea levels and flooding. Along the coast, we have elevated our cell towers and base stations to shield our power supply, generators, cooling systems and transport interface from rapidly rising waters.
Community
Support the Well-Being of Your Employees
Description of Action: 
Verizon employees are provided with up to $8,000 annually through our Global Tuition Assistance Program to fund higher education studies from a wide range of accredited schools
Money Saved: 
8,000
Finished Application: 
1
required_descriptions: 
5
Member Since: 
Monday, August 5, 2019