Issued by Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ) announced the publication of its 2019 Environmental, Social and Governance (ESG) Report, which provides information on how Verizon is addressing the ESG matters that the company and its stakeholders view as the most important to its business.
May 22, 2020 - Verizon Communications Inc. (NYSE, Nasdaq: VZ) announced the publication of its 2019 Environmental, Social and Governance (ESG) Report, which provides information on how Verizon is addressing the ESG matters that the company and its stakeholders view as the most important to its business. Amidst a global pandemic, Verizon remains committed to its corporate purpose to create the networks that move the world forward and to usher in a new era of sustainable innovation and inclusive growth. While Verizon shares information about its ESG performance through a number of channels, including various reports, press releases and conversations with stakeholders, the annual ESG Report consolidates and summarizes the most important aspects of the company’s work in these areas.
“Verizon believes effective management of ESG considerations underpins the long-term success of our company and our ability to deliver value for all of our stakeholders – our shareholders, customers, employees and the communities in which we live and work,” says Beth Sasfai, Verizon’s Chief ESG Officer. “We are excited to share our 2019 ESG Report as an integral touchpoint of our commitment to transparently communicate about ESG integration across our business through robust governance systems and risk management and controls.”
The report focuses on ESG activity from January 1-December 31, 2019, unless otherwise noted, and highlights milestones in several of Verizon’s strategic ESG focus areas:
Additionally, in response to investor interest, Verizon’s 2019 ESG Report was prepared with reference to the Sustainability Accounting Standards Board (SASB) framework. The SASB index, featured in the appendix of the report, outlines how existing disclosures align with the recommended metrics for the SASB Telecommunications Services standard.
The 2019 ESG Report follows the company’s announcement of its first TCFD (Task Force on Climate-related Financial Disclosures) report, which provides Verizon’s stakeholders with a better understanding of how the company is mitigating climate change risks and proactively pursuing the opportunities of the transition to a low-carbon economy.
View the full 2019 ESG Report here.
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