Commercial, GHG Emissions, Sourcing Renewables - April 30, 2019
Verizon aims to be carbon neutral by 2035
Verizon announced the company will go carbon neutral by 2035 in its Scope 1 and Scope 2 emissions. This goal will be achieved through a combination of reducing those emissions directly, migrating energy procurement in favor of renewable and clean energy and through the purchase of carbon offsets.
This announcement, says the company, underscores how the private sector can mobilize its business and resources further to build a more sustainable planet. Earlier this year Verizon also launched a $1B green bond, which was the first ever issued by a U.S. telecommunications company.
“Sustainability and social responsibility are part of Verizon’s DNA,” said James Gowen, chief sustainability officer and vice president of supply chain operations at Verizon. “As an emerging leader in sustainability, Verizon understands its responsibility to continuously evolve and innovate to meet new challenges and expectations.”
Among Verizon’s other sustainability efforts and commitments are:
- A 28% Carbon Intensity reduction since 2016 with the goal set for a 50% carbon intensity reduction by 2025
- A green energy initiative which has offset 20,000 metric tons of CO2
- A 2025 commitment to source renewable energy equivalent to 50% of Verizon's total electricity usage
- 278 ENERGY STAR-certified buildings and 22 onsite renewable energy installations