Technology enables progress, and with the rapid acceleration of climate change in recent years, we have prioritized our efforts on reducing our operational footprint and developing solutions that can help millions of customers reduce their own carbon footprint. As a global leader in information and communications technology, our technology is a critical driver of this work. From sourcing renewable energy and partnering with reforestation projects to creating connected solutions that help customers save energy, we are committed to protecting our planet for future generations. To give our efforts strategic guidance, we set two new commitments in 2019:
To help fund many of the green initiatives that will contribute toward achieving our carbon neutral goal, we launched a $1 billion green bond in 2019, the first to be issued by a U.S. telecommunications company. As of December 31, 2019, approximately $500 million of net proceeds from our $1 billion green bond had been allocated.
Learn more about our initial investments in Verizon’s 2020 Green Bond Report.