Verizon Communications

Integrated Telecommunication Services

$ 32 (0.43)%

Share price

$ 136 bn

Market Cap

$ 315 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.33x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

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

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Stronger than the -6.2% weighted average for S&P 500

FY2022

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

1.5°C

GHG emissions and Carbon intensity

Verizon Communications reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 3,532 Kt (-432 /-10.9% y-o-y). Also positively, carbon intensity plunged to 26 t (-4.5 /-14.6% y-o-y).

Verizon Communications's Scope 3 emissions was down at 15,267 Kt (-373 /-2.4% 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 -165 Kt per annum over the period of FY2022 - 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 -1,086 Kt per annum over the period of FY2022 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	3,532	310	3,222	15,267	133,613	26
2020Q4	3,965	337	3,628	15,640	128,292	31
2019Q4	4,366	359	4,007	96	131,868	33
2018Q4		385		98	130,863
2017Q4		377		69	126,034
2016Q4		372		91	125,980
2015Q4		446		43	131,620