Verizon
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Verizon
Verizon is a global leader in delivering innovative communications and technology solutions, powering how people live, work, and play by connecting everything and everyone in new and exciting ways.
Positive signals
Verizon has committed to achieving net-zero greenhouse gas emissions across its entire value chain (Scopes 1, 2, and 3) by 2050, with an SBTi-approved target.
Verizon achieved a 44% reduction in its Scope 1 and 2 market-based greenhouse gas emissions from 2019 to 2023, dropping from 4,365,627 metric tons CO2e in 2019 to 2,464,848 metric tons CO2e in 2023.
Verizon has entered into long-term virtual power purchase agreements for nearly 1.7 GW of anticipated renewable energy capacity to support its goal of sourcing or generating renewable energy equivalent to 50% of its total annual electricity consumption by 2025.
Verizon's energy efficiency initiatives enabled a 37% reduction in carbon intensity since its 2009 baseline, and the company was named an EPA Energy Star Partner of the Year for its efforts on energy efficiency and greenhouse gas reduction.
Concerns
Despite overall reductions, Verizon's downstream Scope 3 emissions increased by 6% from 2019 to 2023, rising from 1,619,361 metric tons CO2e to 1,711,971 metric tons CO2e.
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