"Verizon Communications has set a net zero target for its operations by 2035. Net Zero Tracker This target covers scope 1, 2, and 3 emissions, but does not include historical emissions. Net Zero Tracker The company has not specified which gases are covered by its target and does not have a publicly available plan outlining steps towards achieving this goal. Net Zero Tracker An interesting fact about Verizon's environmental policy is its interim target, which aims to reduce operational emissions by 53% relative to 2019 emissions by 2030. Net Zero Tracker In addition, you can check out the net-zero commitments …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Verizon Communications belongs to the sector Communication Services.
Verizon Communications Inc. commits to reduce absolute scope 1 and 2 GHG emissions 53% by 2030 from a 2019 base year. Verizon Communications Inc. commits to reduce absolute scope 3 GHG emissions 40% by 2035 from a 2019 base year.
Separate targets for emission reductions and removals
Conditions on use of offset credits
Plans for carbon dioxide removal (CDR)
Additional notes: pg 20 of https://www.verizon.com/about/sites/default/files/Verizon-2022-ESG-Report.pdf: "While we expect our energy efficiency and renewable energy initiatives to bring us close to achieving operational net zero, we will eventually need to purchase carbon offsets for the remaining emissions that we cannot eliminate directly"
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious