Building the future

2017 Corporate Responsibility Report

Building the future
Strategy

Building
abilities
Humanability

Building security
Product Responsibility

Building sustainability
Environment

Building together
V Team

Building
partnerships
Supply Chain

Building accountability
Governance

Energy-efficient solutions

More solutions to reduce greenhouse gas emissions

One of the most important ways that we help humans do more is to enable them to be more resource-efficient. 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 2017, our solutions enabled the avoidance of a minimum of 7.7 million metric tons of CO2e. The emissions avoided represent approximately 138 percent of emissions associated with our operations (Scope 1 and 2).

Emissions Source Verizon solution User Measurement CO2e avoided
(metric tons)

Business Travel
Telecommuting U.S.-based customers Reduction in miles driven (gallons of gas not used) 3,893,080

Transportation
Telematics U.S.-based drivers Reduction in miles driven (gallons of gas not used) 1,257,379

Buildings
Smart building management U.S. businesses, city & state governments Reduction in kilowatt hours (kWh) of energy used 2,698

Power Grids
Smart meters & demand response units U.S. utilities, businesses & customers Reduction in kWh of energy (reduced transmission and distribution losses, lowered peak demand and enhanced energy efficiency) 1,734,219

Healthcare
Remote patient monitoring Patients, medical professionals Reduction in miles driven (gallons of gas not used) and number of days in hospital 121,215

Production
of Goods
Dematerialization U.S.- based customers Reduction in production of physical products (including newspapers, CDs, DVDs, etc.) 702,053

Our solutions enabled the elimination of 7.7 million metric tons of CO2e emissions, equivalent to removing 1.6 million cars from the road for one year.

Meaningful progress continues

By 2022, Verizon’s networks and connected solutions will
save more than
2X
the amount of global emissions that our operations create.

Verizon’s partner, IPS Group, is a leader in smart parking meters in cities across the U.S. In 2017, enabled by Verizon connectivity, IPS' meters reduced the number of miles driven to find available parking, avoiding
34,192
metric tons of CO2e emissions.