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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 appointed a Chief Corporate Responsibility Office; Rose Kirk. She is leading Verizon‘s Corporate Social Responsibility (CSR) strategy, is building on past success – tackling the biggest problems in the world to benefit our customers, shareholders, employees and society.
Annual Environmental Goals
Description of Action: 
By 2020, 80 percent of our assessed suppliers will be compliant with Verizon’s overall CSR standards. By 2025, we will reduce water consumption by 15 percent against our 2016 baseline. By 2025, we will reduce our carbon intensity (a measure of the carbon our business emits divided by the terabytes of data carried by our networks) by 50 percent against our 2016 baseline. By 2030, we will plant 2 million trees in communities around the world, including 250,000 in areas impacted by the 2017 hurricane season.
Energy
Renewable Energy
Description of Action: 
During the course of the past seven years, Verizon has made it a priority to deploy more green energy resources – such as solar and fuel cell technology – in our facilities. In 2016, we set a goal to add an additional 24 megawatts of green energy in our operations by 2025. In 2018 Verizon committed to a new goal: to source or generate renewable energy equivalent to 50 percent of our total annual electricity consumption by 2025. We’ll achieve this by continuing our development of renewables at our own operations and by sourcing green energy from external sources. Early in 2019 we issued our first-ever green bond, a debt instrument aligned with the interests of a growing number of environmentally conscious investors. The bond’s $1 billion proceeds will be used to fund important environmental initiatives in the areas of renewable energy, energy efficiency, green buildings, water conservation and biodiversity.
Transportation
Transportation Other
Description of Action: 
Advanced technology enables millions of consumers and businesses to reduce their carbon footprint and be more sustainable. Our connected solutions help our customers save energy and reduce their carbon emissions. We work with the Carbon Trust, a respected nonprofit, to measure the yearly reduction in CO2 equivalent (CO2e) emissions our customers are achieving through the use of our products and services. In 2018, our solutions enabled the avoidance of 8.2 million metric tons of CO2e, equivalent to taking 1.6 million cars off the road. The emissions avoided represent approximately 1.68 times the emissions generated by Verizon’s operations. Our solutions enabled the elimination of 8.2 million metric tons of CO2e emissions, equivalent to removing 1.6 million cars from the road for one year.
Water
Water Conservation
Description of Action: 
Verizon started updating facilities in an effort to add low flow fixtures along with identifying and fixing any leaks that resulted in wasted water usage. Additionally Verizon began using a closed-loop cooling process for the equipment in Central Offices; helping to significantly reduce overall water usage.
Gallons Saved: 
70,146,420
Money Saved: 
701,464
Finished Application: 
1
required_descriptions: 
5
Member Since: 
Monday, August 5, 2019