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Verizon Communications Inc
Verizon Communications's GHG Emissions Data Preview
In 2024, Verizon Communications completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Verizon Communications has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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cVerified Sources Behind Verizon Communications’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Verizon Communications’s data sources below and access millions more through our Disclosure Search.
Insights into Verizon Communications's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofVerizon Communications amounted to3,862,776metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Verizon Communicationsincreased by 2.18%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Verizon Communications's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Verizon Communications's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Verizon Communications were 265,859 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Verizon Communications reduced its Scope 1 emissions over time?
Since 2019, Verizon Communications's Scope 1 emissions have decreased by 25.89%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Verizon Communications's Scope 1 emissions decreased by 1.29%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Verizon Communications's Scope 2 emissions?
In 2024, Verizon Communications reported Scope 2 greenhouse gas (GHG) emissions of 1,458,535 tCOâ‚‚e using the market-based method and 3,596,917 tCOâ‚‚e using the location-based method.a
Has Verizon Communications reduced its Scope 2 emissions over time?
Since 2019, Verizon Communications's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 10.23%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), Verizon Communications's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Verizon Communications's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Verizon Communications use for Scope 2 reporting?
In 2024, Verizon Communications reported its Scope 2 emissions using the market-based method and using the location-based method.a
Verizon Communications's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Verizon Communications's Value Chain Emissions
In 2024, Verizon Communications reported 13,743,238 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Verizon Communications includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Verizon Communications's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Verizon Communications's Scope 3 emissions?
In 2024, Verizon Communications reported total Scope 3 emissions of 13,743,238 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 87.63%of these emissions originated from upstream activities such as purchased goods and capital goods, while 12.37%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Verizon Communications reduced its Scope 3 emissions over time?
Since 2019, Verizon Communications's Scope 3 emissionshave decreased by 27.59%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Verizon Communications's Scope 3 emissions remained relatively stable, indicating that Verizon Communications's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Verizon Communications disclose?
In 2024, Verizon Communications reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Verizon Communications's Scope 3 emissions?
In 2024, the largest contributors to Verizon Communications's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 10,863,101 tCOâ‚‚e(79.04%)
- Use of Sold Products (Cat. 11): 1,698,949 tCOâ‚‚e(12.36%)
- Fuel- and Energy-Related Services (Cat. 3): 821,732 tCOâ‚‚e(5.98%)
Verizon Communications's Scope 3 Emissions by Categories
Insights into Verizon Communications’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Verizon Communications reported Scope 1 greenhouse gas (GHG) emissions of 265,859 tCOâ‚‚e and total revenues of USD 134,790 millions. This translates into an emissions intensity of 1.97 tCOâ‚‚e per millions USD.a
Verizon Communications's Scope 1 Emissions Intensity Compared to Peers
How does Verizon Communications's GHG emissions intensity compare to its peers?
In 2024, Verizon Communications reported a Scope 1 emissions intensity of 1.97 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.29, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Verizon Communications rank on GHG emissions intensity within its industry?
In 2024, Verizon Communications ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Verizon Communications is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Verizon Communications's Total Carbon Footprint
In 2024, Verizon Communications reported a total carbon footprint of 17,606,014 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.87% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Verizon Communications's total carbon footprint was Scope 3 emissions, accounting for 78.06% of the company's total carbon footprint, followed by Scope 2 emissions at 20.43%.a