NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) — Today, Verizon announced it has joined RE100, a global initiative bringing together the world's most influential companies committed to 100% renewable electricity. Did. Led by the Climate Group and in collaboration with CDP, RE100's mission is to accelerate change toward a zero-carbon grid at scale, and Verizon is proud to support this goal. As previously announced, Verizon aims to source 100% of its annual electricity use from renewable energy by 2030, with an interim goal of 50% by 2025.
“At the core of our business, Verizon benefits the communities in which we operate, identifies ways to make them stronger and more resilient, and is committed to our shareholders, customers, employees, and society. We aim to create long-term, measurable value as well,” said James Gowen. , Verizon's Global Supply Chain and Sourcing Senior Vice President and Chief Sustainability Officer. “Joining this global initiative further underscores Verizon's commitment to reducing our carbon footprint and transitioning to renewable energy to protect our planet for future generations. .”
The move to join the RE100 is consistent with Verizon's long-standing commitment to promoting both environmental and social progress as part of its responsible business plan. citizen verizonwe help companies fulfill their mission to move the world forward by addressing pressing social issues.
Verizon recently published 2023 ESG Report highlights the company's efforts to minimize its carbon footprint through emissions and energy management. As of the end of 2022, Verizon achieved a 23.3% reduction in Scope 1 and 2 emissions and a 15.1% reduction in Scope 3 emissions compared to his 2019 baseline. Verizon continues to leverage its AI capabilities, IoT products, supplier relationships, and electric vehicle electrification to drive emissions reductions across its operations as well as for its customers. As of the end of 2023, Verizon's solutions have enabled the avoidance of more than 93 million tons of CO₂e since 2018.
Earlier this year, Verizon announced that: Issues sixth $1 billion green bond Proceeds from the fifth green bond were fully allocated to Renewable Energy Purchase Agreements (REPAs) to help accelerate the transition to a greener power grid across the United States. Verizon has signed 27 REPAs totaling approximately 3.6 gigawatts. This will help the company avoid more than 4.7 million tonnes of CO₂e per year and help it exceed its 2025 renewable energy targets.
For more information on RE100, please see below. https://www.there100.org. To access Verizon's 2023 ESG Report, please visit the company's ESG Resource Hub at: https://www.verizon.com/about/investors/esg-resources-hub.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), founded in 2000, is one of the world's leading providers of technology and communications services. Verizon, headquartered in New York City and with offices around the world, had revenues of $134 billion in 2023. The company delivers data, video and voice services and solutions on its award-winning network and platform to meet customer demands for mobility. Reliable network connectivity and security.
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