Moving forward sustainably.
Read about our efforts in the 2021 Environmental, Social and Governance (ESG) Report.
Verizon completes final
allocation of its fourth green bond.
In February 2019, Verizon became the first U.S. telecom company to issue a green bond. The inaugural offering raised almost $1 billion in net proceeds and was fully allocated in 2020 to renewable energy, energy efficiency, green buildings, and biodiversity and conservation. Since then, Verizon has issued three additional $1 billion green bonds which have been fully allocated to renewable energy. The company’s latest green bond - issued in March 2022 - was fully allocated in 2023.
Addressing climate-related
risks and opportunities.
We have adopted the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and published our first report aligned with these guidelines.
Transitioning to
renewable energy.
Verizon expects to source or generate renewable energy equivalent to 50% of our total annual electricity consumption by 2025.
Verizon is also developing on-site green energy generation at our administrative offices and other facilities. Since 2013, we have installed 31.5 megawatts (MW) of on-site green energy.
Helping customers reduce carbon emissions.
As a global communications technology leader, we recognize that our networks and connected solutions can help millions of customers save energy and reduce their own carbon emissions.
Since 2018, Verizon solutions have enabled the avoidance of 58 million+ metric tons of CO2e.
In 2021, Verizon solutions enabled the avoidance of over 16 million metric tons of CO2e, equivalent to taking 3.5 million cars off the road for one year.
Recycling and waste diversion.
Across our operations, we work to conserve resources and
divert waste from landfills.
- In 2021, Verizon reused or recycled approximately 35.5 million pounds of e-waste, including 1.79 million pounds of plastic and 3.4 million pounds of lead-acid batteries.
- To support our communities in safely recycling e-waste, Verizon sponsors free recycling events open to our employees and the public. Community members can bring in any e-waste item ranging from a personal computer to a television to a toaster for safe disposal. We aim to collect and recycle 10 million pounds of e-waste from our communities by 2026. Since 2009, we have collected nearly 6 million pounds.
Water conservation.
We recognize that water is an extremely important resource and are focused on reducing water use across our facilities. We reduced our water usage by 20% from 2016 to 2020.
Transforming our fleet.
We are in the process of transforming our fleet from relying on internal combustion engines to using clean energy technologies. As part of this effort, we are planning to electrify much of our customer-facing fleet through suitable light-duty EVs. We are also prioritizing the design and construction of charging stations at Verizon locations that house the largest concentrations of fleet vehicles.
