Verizon Sustainability Profile
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 98 is higher than 98% 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 2024, Verizon reported total carbon emissions of approximately 14,743,238,000 kg CO2e, with emissions distributed across various scopes: 265,859,000 kg CO2e (Scope 1), 1,458,535,000 kg CO2e (Scope 2, market-based), and 13,743,238,000 kg CO2e (Scope 3). The previous year, 2023, saw total emissions of about 15,124,184,000 kg CO2e, comprising 269,333,000 kg CO2e (Scope 1), 2,195,515,000 kg CO2e (Scope 2, market-based), and 15,124,184,000 kg CO2e (Scope 3). Verizon has set ambitious climate commitments, aiming for a 53% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as a baseline. Additionally, the company targets a 40% reduction in Scope 3 emissions from its value chain by 2035, also based on 2019 levels. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to limit global warming to 1.5°C. Verizon is also committed to achieving net zero emissions in its operations (Scope 1 and 2) by 2035. The company has signed the Climate Pledge, reinforcing its dedication to sustainability and climate action.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 581,272,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 5,061,414,000 | 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 | 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 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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 | 00,000,000,000 |
How Carbon Intensive is Verizon's Industry?
How Carbon Intensive is Verizon's Location?
Verizon's Scope 3 Categories Breakdown
Verizon's Scope 3 emissions, which decreased by 9% last year and increased significantly since 2012, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 79% of Scope 3 emissions.
Top Scope 3 Categories
Verizon's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Verizon has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Verizon's sustainability data and climate commitments