Verizon
Verizon Communications Inc., commonly known as Verizon, is a leading telecommunications company headquartered in the United States. Founded in 2000, Verizon has established itself as a key player in the industry, primarily operating in major regions across North America. The company offers a diverse range of services, including wireless communications, broadband, and digital television, distinguished by its commitment to innovation and customer satisfaction. With a strong focus on 5G technology and network reliability, Verizon has achieved significant milestones, positioning itself as a market leader. The company is renowned for its extensive fibre-optic network and robust mobile services, which cater to both individual consumers and businesses. Verizon's dedication to enhancing connectivity and delivering cutting-edge solutions has solidified its reputation as a trusted provider in the telecommunications sector.
DitchCarbon Score
How does Verizon's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Telecommunications Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Verizon's score of 64 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Verizon's reported carbon emissions
In 2023, Verizon reported total carbon emissions of approximately 17,000,000,000 kg CO2e, comprising 269,333,000 kg CO2e from Scope 1, 2,195,515,000 kg CO2e from Scope 2 (market-based), and 15,124,184,000 kg CO2e from Scope 3 emissions. This reflects a slight decrease in Scope 1 emissions from 273,904,000 kg CO2e in 2022, while Scope 2 emissions decreased from 3,075,077,000 kg CO2e in 2022. Scope 3 emissions increased from 14,401,431,000 kg CO2e in 2022. Verizon has set ambitious climate commitments, aiming for a 53% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using a 2019 baseline. This target aligns with limiting global warming to a 1.5ºC scenario. Additionally, the company plans to achieve a 40% reduction in Scope 3 emissions from its value chain by 2035, also based on a 2019 baseline. Verizon is committed to achieving net zero emissions in its operations (Scope 1 and 2) by 2035. These initiatives are part of Verizon's broader strategy to enhance sustainability and address climate change, demonstrating its commitment to responsible environmental stewardship.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 372,496,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 5,259,727,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 91,365,000 | 00,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Verizon is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
