Verizon's Climate-Related Innovation Recognized in Maplecroft
Climate Innovation Index
NEW YORK - April 23, 2012 -
Verizon has once again been named to the Maplecroft Climate
Innovation Index, a list of 100 top performing
companies in the U.S. selected for their climate-related
innovation and carbon-management programs. Verizon is
ranked No. 50 overall, up from No. 61 in the last ranking
and up from No. 97 in the initial ranking in 2009.
The Maplecroft Climate Innovation Indexes (CIIs) are the
single most exhaustive study of the USA's largest
multinational companies and how they manage and adapt to
climate change, with a special focus on innovation.
Maplecroft rated each company against more than 100
criteria, including: technological innovation and new
working practices to combat climate-change impacts;
management of climate-related issues; adaption to physical
climate-related risks, such as flooding or more extreme
weather events throughout the supply chain; and the
reduction of GHG emissions.
According to the report, Verizon's strengths include
its efforts to reduce its carbon intensity and its
recognition of the opportunities associated with the role
of broadband and wireless technology in improving the
efficiency of energy and transportation infrastructure.
"Since establishing a dedicated sustainability
program, Verizon has made tremendous strides to measure and
improve the efficiency of our business operations and to
make a positive impact on our customers and
communities," said Jim Gowen, Verizon chief
sustainability officer. "We are proud to see this
progress recognized by Maplecroft, and are thrilled by our
continued rise in the rankings."
Earlier this year, Verizon announced that it planned to cut
its CO2 intensity in half by 2020. Carbon intensity is a
company-developed efficiency metric that measures how much
energy is required to move a terabyte of data across
Through aggressive network and real estate
energy-efficiency initiatives and conservation projects led
by employee green teams worldwide, Verizon has improved its
carbon efficiency by more than 30 percent over the past two
In addition to Maplecroft, Verizon has been named to
several lists that recognize sustainability, corporate
ethical standards and social responsibility performance,
including the Dow Jones Sustainability Index, the Newsweek
Global Green 100, the FTSE4Good Index, the Ethibel
Sustainability Index and the Calvert Large Cap Value Fund.
Verizon's corporate responsibility efforts were also
recently recognized by Corporate Responsibility magazine,
which named Verizon to the publication's 2012 100 Best
Corporate Citizens List - the fifth consecutive year
Verizon has appeared on the list
To view Maplecroft's methodology and results in the
Maplecroft CII, visit www.maplecroft.com. More
information about Verizon's overall sustainability
initiatives can be found at www.verizon.com/sustainability.
Verizon Communications Inc. (NYSE, Nasdaq: VZ),
headquartered in New York, is a global leader in delivering
broadband and other wireless and wireline communications
services to consumer, business, government and wholesale
customers. Verizon Wireless operates America's
most reliable wireless network, with 93 million retail
customers nationwide. Verizon also provides converged
communications, information and entertainment services over
America's most advanced fiber-optic network, and
delivers integrated business solutions to customers in more
than 150 countries, including all of the Fortune 500.
A Dow 30 company with $111 billion in 2011 revenues,
Verizon employs a diverse workforce of nearly 192,000.www.verizon.com.