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

GRI index

Disclosure
Number
Disclosure Title 2018 Response
GRI 102: General Disclosures
Organizational profile
102-1 Name of the organization Verizon Communications Inc.
102-2 Activities, brands, products, and services Verizon 2017 10-K, pages 3-16 Our Company
102-3 Location of headquarters Our Corporate Headquarters are located in New York, New York, while our Operational Headquarters are located in Basking Ridge, New Jersey.
102-4 Location of operations We Are Global.
102-5 Ownership and legal form Verizon Communications Inc. is a publicly held holding company, listed on the New York Stock Exchange (NYSE: VZ) and NASDAQ exchange (VZ).
102-6 Markets served Countries served
102-7 Scale of the organization Who we are
102-8 Information on employees and other workers Building together (V Team)—Diversity & inclusionBuilding together (V Team) – Diversity & inclusion
102-9 Supply chain Building partnerships (Supply chain)
102-10 Significant changes to the organization and its supply chain There have been no changes to organization or supply chain during 2017.
102-11 Precautionary principle or approach Verizon 2017 10-K, pages 18-20
102-12 External initiatives CDP
102-13 Membership of associations Global e-Sustainability Initiative (GeSI) Joint Audit Cooperation Family Online Safety Institute (FOSI)
Strategy
102-14 Statement from senior decision-maker Verizon 2017 Annual Report, page 4
Ethics and integrity
102-16 Values, principles, standards, and norms of behavior Code of ConductCode of Conduct
Governance
102-18 Governance structure GovernanceGovernance
Stakeholder engagement
102-40 List of stakeholder groups Stakeholder engagementStakeholder engagement
102-41 Collective bargaining agreements Verizon 2017 10-K, page 16
102-42 Identifying and selecting stakeholders Stakeholder engagementStakeholder engagement
102-43 Approach to stakeholder engagement Stakeholder engagementStakeholder engagement
PrioritiesPriorities
102-44 Key topics and concerns raised Stakeholder engagementStakeholder engagement
PrioritiesPriorities
Reporting practice
102-45 Entities included in the consolidated financial statements Verizon 2017 10-K, pages 3-16
102-46 Defining report content and topic Boundaries PrioritiesPriorities
102-47 List of material topics PrioritiesPriorities
102-48 Restatements of information N/A
102-49 Changes in reporting There have been no changes in reporting during 2017.
102-50 Reporting period January 1, 2017 – December 31, 2017
102-51 Date of most recent report 2016
102-52 Reporting cycle Annual
102-53 Contact point for questions regarding the report responsibility@verizon.com
102-54 Claims of reporting in accordance with the GRI Standards Core
102-55 GRI content index GRI Standards Content Index begins on page 50 of this report.
102-56 External assurance Data presented in Verizon’s 2017 Corporate Responsibility Report are subject to internal reviews and, for selected content, external reviews. Ernst & Young provided independent external assurance on our 2016 Scope 1, 2 and 3 (exclusively corporate travel) greeemissions and water consumption. The assurance reports can be accessed in the Environment section of this report.

GRI 203: Indirect Economic Impacts
103-1 Explanation of the material topic and its Boundary Building abilities (Humanability)
103-2 The management approach and its components Building abilities (Humanability)
103-3 Evaluation of the management approach Building abilities (Humanability)
203-1 Infrastructure investments and services supported What We Do
Community investmentCommunity investment
Building abilities (Humanability)
GRI 301: Materials
103-1 Explanation of the material topic and its Boundary Managing wasteManaging waste
Paper Sourcing and Use Policy
103-2 The management approach and its components Managing wasteManaging waste
Paper Sourcing and Use Policy
103-3 Evaluation of the management approach Managing wasteManaging waste
Paper Sourcing and Use Policy
301-3 Reclaimed products and their packaging materials WasteWaste
GRI 302: Energy
103-1 Explanation of the material topic and its Boundary Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
103-2 The management approach and its components Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
103-3 Evaluation of the management approach Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
302-1 Energy consumption within the organization Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
302-2 Energy consumption outside of the organization Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
302-3 Energy intensity 2017 CDP Response, Climate Change
302-4 Reduction of energy consumption Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
GRI 305: Emissions
103-1 Explanation of the material topic and its Boundary Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Carbon intensityCarbon intensity
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
103-2 The management approach and its components Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Carbon intensityCarbon intensity
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
103-3 Evaluation of the management approach Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Carbon intensityCarbon intensity
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
305-1 Direct (Scope 1) GHG emissions Energy & emissionsEnergy & emissions
2017 CDP Response, Climate Change
305-2 Energy indirect (Scope 2) GHG emissions Energy & emissionsEnergy & emissions
2017 CDP Response, Climate Change
305-3 Other indirect (Scope 3) GHG emissions Energy & emissionsEnergy & emissions
2017 CDP Response, Climate Change
305-4 GHG emissions intensity Carbon intensityCarbon intensity
2017 CDP Response, Climate Change
305-5 Reduction of GHG emissions Energy-efficient solutionsEnergy-efficient solutions
Energy & emissionsEnergy & emissions
Carbon intensityCarbon intensity
Efficient mobilityEfficient mobility
Renewable energyRenewable energy
Environmentally efficient stores & facilitiesEnvironmentally efficient stores & facilities
2017 CDP Response, Climate Change
GRI 306: Effluents and Waste
103-1 Explanation of the material topic and its Boundary Managing wasteManaging waste
Paper Sourcing and Use Policy
103-2 The management approach and its components Managing wasteManaging waste
Paper Sourcing and Use Policy
103-3 Evaluation of the management approach Managing wasteManaging waste
Paper Sourcing and Use Policy
306-2 Waste
by type and disposal method
Managing wasteManaging waste
GRI 308: Supplier Environmental Assessment
103-1 Explanation of the material topic and its Boundary Building partnerships (Supply chain)
103-2 The management approach and its components Building partnerships (Supply chain)
103-3 Evaluation of the management approach Building partnerships (Supply chain)
308-1 New suppliers that were screened using environmental criteria Supplier Code of ConductSupplier Code of Conduct
GRI 401: Employment
103-1 Explanation of the material topic and its Boundary Building together (V Team)
103-2 The management approach and its components Building together (V Team)
103-3 Evaluation of the management approach Building together (V Team)
401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees Employee growth & developmentEmployee growth & development
Health & wellnessHealth & wellness
Pay & family benefitsPay & family benefits
GRI 404: Training and Education
103-1 Explanation of the material topic and its Boundary Building together (V Team)
103-2 The management approach and its components Building together (V Team)
103-3 Evaluation of the management approach Building together (V Team)
404-1 Average hours of training per year per employee Employee growth & developmentEmployee growth & development
GRI 405: Diversity and Equal Opportunity
103-1 Explanation of the material topic and its Boundary Building together (V Team)
103-2 The management approach and its components Building together (V Team)
103-3 Evaluation of the management approach Building together (V Team)
405-1 Diversity of governance bodies and employees Diversity & inclusionDiversity & inclusion
2017 Verizon Proxy Statement, page 5
405-2 Ratio of basic salary and remuneration of women to men Diversity & inclusionDiversity & inclusion
GRI 413: Local Communities
103-1 Explanation of the material topic and its Boundary Building abilities (Humanability)
103-2 The management approach and its components Building abilities (Humanability)
103-3 Evaluation of the management approach Building abilities (Humanability)
413-1 Operations with local community engagement, impact assessments, and development programs Building abilities (Humanability)
GRI 414: Supplier Social Assessment
103-1 Explanation of the material topic and its Boundary Building partnerships (Supply chain)
103-2 The management approach and its components Building partnerships (Supply chain)
103-3 Evaluation of the management approach Building partnerships (Supply chain)
414-1 New suppliers that were screened using social criteria Supplier Code of ConductSupplier Code of Conduct
GRI 415: Public Policy
103-1 Explanation of the material topic and its Boundary 2017 Political Contributions Report
103-2 The management approach and its components 2017 Political Contributions Report
103-3 Evaluation of the management approach 2017 Political Contributions Report
415-1 Political contributions 2017 Political Contributions Report
GRI 418: Customer Privacy
103-1 Explanation of the material topic and its Boundary Product responsibility
Transparency Report
Privacy Policy
103-2 The management approach and its components Product responsibility
Transparency Report
Privacy Policy
103-3 Evaluation of the management approach Product responsibility
Transparency Report
Privacy Policy
418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data Privacy Policy
Transparency Report
GRI 419: Socioeconomic Compliance
103-1 Explanation of the material topic and its Boundary Product responsibility
Privacy Policy
103-2 The management approach and its components Product responsibility
Privacy Policy
103-3 Evaluation of the management approach Product responsibility
Privacy Policy
419-1 Non-compliance with laws and regulations in the social and economic area Verizon 2017 10-K, page 21, Note 15: Commitments and Contingencies