Verizon

Verizon's reported carbon emissions

### Verizon's Climate Commitments and Emissions Performance **Latest Emissions Data (2024):** Verizon reported a total of approximately 15.5 billion kg CO2e in emissions for 2024. This comprised: * **Scope 1:** Approximately 265.9 million kg CO2e. * **Scope 2 (Market-based):** Approximately 1.5 billion kg CO2e. * **Scope 3:** Approximately 13.7 billion kg CO2e, with the largest contributors being purchased goods and services (about 10.9 billion kg CO2e) and capital goods (about 10.9 billion kg CO2e). **Key Climate Commitments and Reduction Targets:** Verizon is committed to reducing its environmental impact and has set ambitious targets aligned with climate science. These include: * **Scope 1 & 2 Emissions:** A commitment to reduce absolute Scope 1 and 2 operational emissions by 53% by 2030, based on a 2019 baseline. This target is intended to align with limiting global warming to a 1.5°C scenario and has been approved by the Science Based Targets initiative (SBTi). * **Scope 3 Emissions:** A goal to achieve a 40% reduction in Scope 3 emissions from its value chain by 2035, also against a 2019 baseline, aiming to limit global warming to well-below 2°C. * **Net Zero Operations:** Verizon aims to achieve net zero operational emissions by 2035. * **Renewable Energy:** Interim targets include sourcing renewable energy equivalent to 50% of its annual electricity usage by 2025 and 100% by 2030, recognising that electricity use is a major contributor to its emissions. * **Carbon Intensity:** A historical target to reduce carbon intensity by 50% by 2025 over a 2016 baseline. **Emissions Overview by Year:** * **2024:** Total emissions of approximately 15.5 billion kg CO2e. * **2023:** Total emissions of approximately 17.5 billion kg CO2e. * **2022:** Total emissions of approximately 17.8 billion kg CO2e (with some Scope 3 categories not specified). * **2021:** Total emissions of approximately 18.8 billion kg CO2e (with some Scope 3 categories not specified). * **2020:** Total emissions of approximately 19.6 billion kg CO2e (with some Scope 3 categories not specified). * **2019:** Total emissions of approximately 23.7 billion kg CO2e. * **2018:** Reported Scope 1 and 2 emissions of approximately 4.4 billion kg CO2e (Scope 3 data not available). * **2017:** Total emissions of approximately 4.9 billion kg CO2e (with some Scope 3 categories not specified). * **2016:** Total emissions of approximately 5.6 billion kg CO2e (with some Scope 3 categories not specified). * **2015:** Total emissions of approximately 6.0 billion kg CO2e (with some Scope 3 categories not specified). * **2014:** Total emissions of approximately 5.9 billion kg CO2e (with some Scope 3 categories not specified). * **2013:** Total emissions of approximately 5.5 billion kg CO2e (with some Scope 3 categories not specified). * **2012:** Total emissions of approximately 5.9 billion kg CO2e (with some Scope 3 categories not specified). * **2011:** Reported Scope 1 and 2 emissions of approximately 5.6 billion kg CO2e (Scope 3 data not available). Verizon's emissions data is not cascaded from a parent organisation, indicating it reports its own direct emissions performance. The company is a signatory to the Climate Pledge.