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OrganisationsVerizon
Verizon logo

Verizon

Post and Telecommunications ServicesUnited States
Last verified 7 days agoverizon.com

Verizon Communications Inc., commonly known as Verizon, is a leading player in the post and telecommunication services industry, headquartered in the United States. Founded in 2000, Verizon has rapidly evolved, becoming a cornerstone of connectivity across major operational regions, including the East Coast and parts of the Midwest.

Specialising in wireless communications, broadband, and digital television services, Verizon distinguishes itself through its extensive 4G LTE and 5G networks, offering unparalleled speed and reliability. The company has achieved significant milestones, including the rollout of its 5G Ultra Wideband service, which positions it as a frontrunner in the telecommunications sector.

With a strong market presence and a commitment to innovation, Verizon continues to enhance its core offerings, ensuring customers receive cutting-edge technology and exceptional service.

78
DitchCarbon score

+34 vs industry average

Verizon’s score of 78 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Post and Telecommunications Services is among the least carbon-intensive industries

Industry performance

0.063
20192025

The Post and Telecommunications Services industry has reduced its overall emissions by 60% since 2019

Emissions trajectory 2020 – 2027

00.0B00.0B00.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Verizon's reported carbon emissions

Verizon's latest reported emissions data is for 2024, with total global emissions of approximately 1.58 x 10<sup>10</sup> kg CO2e. This includes Scope 1 emissions of about 265,859,000 kg CO2e, Scope 2 market-based emissions of approximately 1,458,535,000 kg CO2e, and Scope 3 emissions totalling around 13,743,238,000 kg CO2e.

In 2023, Verizon's total global emissions were approximately 1.77 x 10<sup>10</sup> kg CO2e, comprising Scope 1 emissions of about 269,333,000 kg CO2e, Scope 2 market-based emissions of approximately 2,195,515,000 kg CO2e, and Scope 3 emissions totalling around 15,124,184,000 kg CO2e.

Verizon has set a commitment to reduce its absolute Scope 1 and 2 operational emissions by 53% by 2030, using a 2019 baseline, aligning with a 1.5°C global warming scenario. Additionally, the company aims for a 40% reduction in Scope 3 emissions from its value chain by 2035, also based on a 2019 baseline, to limit warming to well below 2°C. Verizon is committed to achieving net-zero operational emissions by 2035. Key initiatives to support these goals include sourcing renewable energy equivalent to 50% of annual electricity usage by 2025 and 100% by 2030.

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Verizon’s Climate Goals (2030 & 2050)

10 goals

2030

53% reduction in all scopes

Target: Expect to achieve a 53% reduction in our scope 1 and 2 operational emissions to limit global warming to 1.5°C (over a 2019 baseline)…

On track53%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 10 climate goals

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Scope 3 top emissions categories

10 of 15 categories disclosed
Purchased Goods & Services79%
Capital Goods79%
Use of Sold Products12%
Fuel & Energy Activities3%
Employee Commuting1%
Upstream Transportation & Distribution1%
Business Travel1%
Downstream Transportation & Distribution0%
Purchased Goods & Services79%
Capital Goods79%
Use of Sold Products12%
Fuel & Energy Activities3%
Employee Commuting1%
Upstream Transportation & Distribution1%
Business Travel1%
Downstream Transportation & Distribution0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

Signed 2020See details
Active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

2030 targetSee details
Active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Verizon logoVerizon
USPost and Telecommunications Services
7 days ago
78
Deutsche Telekom AG logoDeutsche Telekom AG
DEPost and Telecommunications Services
13 seconds ago
100
View
Comcast logoComcast
USPost and Telecommunications Services
1 hour ago
100
View
Cisco logoCisco
USComputer Services
15 hours ago
100
View
Siemens logoSiemens
DEAutomatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
15 hours ago
100
View
Apple, Inc. logoApple, Inc.
USElectronic Computer Manufacturing
15 hours ago
100
View
Orange logoOrange
FRPost and Telecommunications Services
1 day ago
100
View

Frequently asked questions

Common questions about Verizon’s sustainability data and climate commitments

Verizon's estimated global carbon emissions for 2024 are approximately 15.8 billion kg CO2e. This includes Scope 1 emissions of about 266 million kg, Scope 2 market-based emissions of roughly 1.46 billion kg, and Scope 3 emissions nearing 13.7 billion kg. These figures reflect Verizon's comprehensive emissions reporting, with Scope 3 representing the largest share, over 86% of total emissions. The company's data indicates a significant environmental footprint in its operations and supply chain, emphasizing the importance of ongoing reduction efforts within the US telecommunications sector.

Data year: 2024

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You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

Where does DitchCarbon
data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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Ditchcarbonv260709.1
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