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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.
+55 vs industry average
Verizon’s score of 97 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Post and Telecommunications Services has below-average carbon intensity
The Post and Telecommunications Services industry has reduced its overall emissions by 39% since 2018
Scope 3 accounts for ••• of total emissions.
Verizon, a US-based telecommunications company, reported estimated total emissions of approximately 13.1 billion kg CO2e in 2025. This includes about 283.4 million kg CO2e from Scope 1, approximately 878.8 million kg CO2e from Scope 2 (market-based), and around 12.0 billion kg CO2e from Scope 3 emissions.
In 2024, Verizon's total emissions were approximately 15.46 billion kg CO2e. This comprised around 265.9 million kg CO2e from Scope 1, approximately 1.46 billion kg CO2e from Scope 2 (market-based), and about 13.74 billion kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from purchased goods and services (approximately 10.86 billion kg CO2e) and use of sold products (around 1.65 billion kg CO2e).
Looking back at 2023, the company's total emissions were approximately 17.59 billion kg CO2e. This broke down to about 269.3 million kg CO2e in Scope 1, approximately 2.20 billion kg CO2e in Scope 2 (market-based), and around 15.12 billion kg CO2e in Scope 3. The largest Scope 3 contributors were purchased goods and services (about 12.15 billion kg CO2e) and use of sold products (approximately 1.70 billion kg CO2e).
Verizon has set ambitious climate commitments. The company aims for net-zero operational emissions (Scope 1 and 2) by 2035. As part of this, Verizon is committed to achieving a 53% reduction in absolute Scope 1 and 2 GHG emissions by 2030, against a 2019 baseline, to align with a 1.5°C global warming scenario. Additionally, Verizon has a long-term goal to reduce absolute Scope 3 GHG emissions from its value chain by 40% by 2035, from a 2019 base year, to limit global warming to well-below 2°C. These targets have been approved by the Science Based Targets initiative (SBTi). Verizon is also working towards sourcing renewable energy equivalent to 100% of its annual electricity usage by 2030, with an interim target of 50% by 2025.
In 2019, Verizon's emissions totalled approximately 23.35 billion kg CO2e, consisting of about 358.8 million kg CO2e from Scope 1, approximately 4.01 billion kg CO2e from Scope 2 (market-based), and around 18.98 billion kg CO2e from Scope 3 emissions. The 2019 baseline for Scope 3 emissions saw purchased goods and services at approximately 15.55 billion kg CO2e and use of sold products at around 1.56 billion kg CO2e.
2030
53% reduction in Scope 2
Verizon Communications Inc. commits to reduce absolute scope 2 GHG emissions 53% by 2030 from a 2019 base year.
2030
53% reduction in Scope 1
Verizon Communications Inc. commits to reduce absolute scope 1 GHG emissions 53% by 2030 from a 2019 base year.
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Common questions about Verizon’s sustainability data and climate commitments
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