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 Energy Data Preview

In 2022, Verizon Communications disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Verizon Communications also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, Verizon Communications also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Verizon Communications also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Verizon Communications's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2022202120202019 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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Insights into Verizon Communications's Energy Renewability

In 2022, Verizon Communications consumed a total of 41.17 million Gigajoules of energy across its operations. Of this total, 11.3% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 88.7% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a

Verizon Communications's Energy Renewability Rate

11%

How much of Verizon Communications's energy consumed is renewable?

In 2022, Verizon Communications consumed a total of 41.17 million Gigajoules of energy, of which 11.3% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Verizon Communications has considerable room to improve its energy sustainability strategy.

Are Verizon Communications's energy practices becoming more sustainable?

Since 2022, Verizon Communications's total energy consumption has remained relatively stable, indicating no significant changes in energy use patterns. a

Over the same period, the share of renewable energy in Verizon Communications's consumption increased by 68.66%, showing a recent positive trend in clean energy adoption. a

Verizon Communications's Renewable vs Non-renewable Energy Over Time

41.88 M16.88 M8.12 M41.88 MGigajoules (GJ)2021202293%89%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Verizon Communications's Energy Consumption & Production Mix

In 2022, Verizon Communications disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Verizon Communications's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies. a

Verizon Communications's Energy Consumed by Sources and Technologies

Biodiesel, ChilledWater, Diesel,Ethanol, Gasoline(Petrol), Jet Fuel(ATF), Kerosene,Methanol, NaturalGas, Propane,Electricity(Unspecified Source)and Steam(Unspecified Source)(52.9%)Electricity(Unspecified Source)(47.1%)

What are the main sources and generation technologies behind Verizon Communications's energy consumption?

In 2022, Verizon Communications's total energy consumption was primarily sourced from a

  • Biodiesel, Chilled Water, Diesel, Ethanol, Gasoline (Petrol), Jet Fuel (ATF), Kerosene, Methanol, Natural Gas, Propane, Electricity (Unspecified Source) and Steam (Unspecified Source) (52.94%)
  • Electricity (Unspecified Source) (47.06%)

How diverse is Verizon Communications’s energy consumption mix?

In 2022, Verizon Communications consumed energy from 11 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source. a

Verified Sources Behind Verizon Communications’s Energy Management Data

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