Verizon Communications Inc

Common Name
Verizon Communications
Country
United States
Sector
Communication Services
Industry
Telecom Services
Employees
99,400
Ticker
VZ
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Verizon Communications Inc. is a leading telecommunications company that provides a wide array of communication services and products in the United States and globally. As a major player in the teleco...

Verizon Communications's Climate Target Data Preview

As of 2024, Verizon Communications has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Verizon Communications ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2035

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Insights into Verizon Communications's Greenhouse Gas Emissions Pathways

As of 2024, Verizon Communications has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Verizon Communications have a target to reduce the emissions from its operations?

As of 2024, Verizon Communications has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Verizon Communications's most ambitious operational target is to reduce these emissions by 53% by 2030, compared to a baseline of 4,365,627 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

As of 2023, Verizon Communications is ahead of schedule on its operational emissions reduction target, having achieved 83.02% of the planned reduction. a

Verizon Communications's Operational (Scope 1+2) Emissions Pathway

20192023203001.5 M3 M4.5 M6 MBaselineCurrent (-44%)

Does Verizon Communications have a target to reduce the emissions from its value chain?

As of 2024, Verizon Communications has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Verizon Communications's most ambitious value chain target is to reduce these emissions by 40% by 2035, compared to a baseline of 18,979,748 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

As of 2023, Verizon Communications is ahead of schedule on its value chain emissions reduction target, having achieved 50% of the planned reduction. a

Verizon Communications's Value Chain (Scope 3) Emissions Pathway

20192023203505 M10 M15 M20 MBaselineCurrent (-20%)Target 2035 (-40%)

Verified Sources Behind Verizon Communications’s Climate Targets Data

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