Verizon Communications

Integrated Telecommunication Services
VZ
$ 51 0.43
Share price
$ 215 bn
Market Cap
$ 388 bn
Enterprise Value

Carbon footprint

11 Ton
GHG emissions per $ 1 mln investment
0.35x the weighted average for S&P 500
FY2020
How is this calculated?
-6.3%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-5%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Verizon Communications aims to reduce Scope 1 + 2 by 53% by 2030 from a base year 2019


1.5°C
Verizon Communications's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-2.3%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.3% weighted average for S&P 500
FY2021
How is this calculated?

Verizon Communications aims to reduce Scope 3 by 40% by 2035 from a base year 2019


1.5°C
Verizon Communications's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

Verizon Communications's GHG emissions (location-based) (Kt of CO2e)
Verizon Communications's Carbon intensity (Tons per 1 USDm)

Verizon Communications's carbon footprint

Verizon Communications reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 4,090 Kt (-275 /-6.3% y-o-y). Also positively, carbon intensity declined to 32 t (-1.2 /-3.6% y-o-y).

Verizon Communications's Scope 3 emissions was down at 15,640 Kt (-1,314 /-7.7% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 53% by 2030 from a base year 2019, which translates into the estimated reduction of -204 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 40% by 2035 from a base year 2019, which translates into the estimated reduction of -365 Kt per annum over the period of FY2021 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Company environmental metrics

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