Verizon Communications

Integrated Telecommunication Services

$ 41 0.92

Share price

$ 171 bn

Market Cap

$ 346 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.32x the weighted average for S&P 500

FY2020

Primary Climate Goal

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

Weaker than the -6.6% weighted average for S&P 500

FY2021

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)

Weaker than the -6% weighted average for S&P 500

FY2021

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 - 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.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	4,090	337	3,754	15,640	128,292	32
2019Q4	4,366	359	4,007	16,954	131,868	33
2018Q4	4,419	385	4,034	98	130,863	34
2017Q4	4,899	377	4,522	69	126,034	39
2016Q4	5,632	372	5,260	91	125,980	45
2015Q4	5,975	446	5,529	43	131,620	45