Verizon Joins RE100 and Shares New Milestones in its Responsible Business Plan
28 Março 2024 - 10:30AM
Today, Verizon announced it has joined RE100, a global initiative
bringing together the world’s most influential businesses committed
to 100% renewable electricity. Led by the Climate Group and in
partnership with CDP, RE100’s mission is to accelerate change
towards zero carbon grids at scale, an objective that Verizon is
proud to support. As previously announced, Verizon aims to source
renewable energy equivalent to 100% of its annual electricity usage
by 2030, with an interim target of 50% by 2025.
“As a core part of our business, Verizon looks to benefit the
communities where we operate, identify ways to be stronger and more
resilient and create long-term, measurable value for our
shareholders, customers, employees and society alike,” said James
Gowen, Senior Vice President, Global Supply Chain & Sourcing,
and Chief Sustainability Officer at Verizon. “Joining this global
initiative further underscores Verizon’s dedication to reducing our
carbon footprint and transitioning to renewable energy to help
protect the planet for future generations.”
The move to join RE100 aligns with Verizon’s long-standing
commitment to drive both environmental and social progress as part
of its responsible business plan, Citizen Verizon, empowering the
company to deliver on its mission to move the world forward by
addressing pressing societal issues.
Verizon’s recently published 2023 ESG Report highlights the
company’s efforts to minimize its carbon footprint through
emissions and energy management. As of year-end 2022, Verizon had
achieved a 23.3% reduction in scopes 1 and 2 emissions and 15.1%
reduction in scope 3 emissions over a 2019 baseline. Verizon
continues to leverage its AI capabilities, IoT offerings, supplier
relationships and increasingly electric fleet to drive emissions
reduction not only throughout its operations, but also for its
customers. As of year-end 2023, Verizon solutions had enabled the
avoidance of over 93 million metric tons of CO₂e since 2018.
Earlier this year, Verizon announced the issuance of its sixth
$1 billion green bond since 2019. The proceeds of its fifth green
bond were allocated entirely to renewable energy purchase
agreements (REPAs) that will help accelerate the transition to
greener electrical grids across the U.S. To date, Verizon has
entered into 27 REPAs for a total of approximately 3.6 gigawatts of
anticipated renewable energy generating capacity, positioning the
company to enable the avoidance of over 4.7 million metric tons of
CO₂e annually and exceed its 2025 renewable energy target.
For more information on RE100, visit: https://www.there100.org.
To access Verizon’s 2023 ESG Report, visit the company’s ESG
Resources Hub at:
https://www.verizon.com/about/investors/esg-resources-hub.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed in
2000 and is one of the world’s leading providers of technology and
communications services. Headquartered in New York City and with a
presence around the world, Verizon generated revenues of $134.0
billion in 2023. The company offers data, video and voice services
and solutions on its award-winning networks and platforms,
delivering on customers’ demand for mobility, reliable network
connectivity, and security.
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Media contact:Andrew
Ebleandrew.eble@verizon.com201.572.0975
Verizon Communications (NYSE:VZ)
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