Verizon joins RE100 and shares new milestones in its responsible business plan

Verizon has announced it has joined RE100, a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by the Climate Group and in partnership with CDP, RE100’s mission is to accelerate change towards zero carbon grids at scale, an objective that Verizon is proud to support. As previously announced, Verizon aims to source renewable energy equivalent to 100% of its annual electricity usage by 2030, with an interim target of 50% by 2025. “As a core part of our business, Verizon looks to benefit…

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Verizon Climate Resilience Prize winners receive $500k to scale climate solutions

Verizon has announced the three winners of its inaugural Climate Resilience Prize at the GreenBiz22 conference, awarding a prize pool of $500,000 to help scale proven, in-market solutions that are focused on mitigating the disproportionate impacts of climate change in vulnerable communities. In partnership with GreenBiz and the Adrienne Arsht-Rockefeller Climate Resilience Center, Verizon’s Climate Resilience Prize recognizes next-gen solutions that have already demonstrated results in real-world application and are ready to scale. The Prize was announced at GreenBiz’s VERGE 21 Conference in October, and applications were evaluated by a…

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New Renewable Energy Deals Position Verizon to Achieve Key Energy Goal

Verizon continues to be a leading corporate buyer of U.S. renewable energy, announcing seven new Renewable Energy Purchase Agreements (REPAs) for an aggregate of approximately 910 megawatts (MW) of projected renewable energy capacity. These agreements position the company to achieve its goal to source or generate renewable energy equivalent to 50 percent of its total annual electrical consumption by 2025, and help support Citizen Verizon, the company’s responsible business plan for economic, environmental, and social advancement. The seven new agreements bring the cumulative number of REPAs, signed since December 2019,…

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Clinton Foundation and Verizon Partner to Promote Student Social Impact Innovation

The Clinton Foundation and Verizon announced a new partnership to help college students develop leadership skills and to inspire them to create innovative, high-quality social impact projects. Through the Clinton Global Initiative University (CGI U) program, Verizon will help college students develop solutions that address social issues with the support of specialized curriculum and programming, as well as access to experts in technology and innovation. These resources will be available to all CGI U students for one year and have a specific focus on engaging students at Historically Black Colleges…

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Verizon closes on U.S. telecom industry’s first Green Bond to fund environmental initiatives

Verizon Communications Inc. has announced the close of the U.S. telecommunications industry’s first Green Bond. An amount equal to the net proceeds of the $1 billion offering will be used to fund a variety of new and existing green investments made during the two years prior to the issuance of the Green Bond through the maturity of the Green Bond. A majority of the funds are anticipated to be allocated within three years, supporting Verizon’s long-term commitment to minimize its environmental impact, drive operating efficiencies and benefit the communities it…

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