2017 Annual Report | Verizon Communications Inc. and Subsidiaries 3 Corporate responsibility highlights At Verizon, we have long believed that it is our responsibility to share our success. It’s not enough to deliver strong financial performance. We must also make a positive contribution to society and that is why we are taking actions to support the United Nation’s Sustainable Development Goals. We are specifically focused on goals 4 and 8: providing young people with relevant skills for good jobs and entrepreneurship, and promoting an environmentally sustainable economy. We have set aggressive targets to guide our actions and we are measuring our impact. Education goal By 2023, Verizon will help provide six million students with the skills required to put them on the path to success in an increasingly tech-dependent job market. Progress: • In 2017, almost 128,000 students participated in our Verizon Innovative Learning (VIL) initiative. • More than one million students have participated in our education programs since 2012. • Key metric: In the schools that began the program in 2014, VIL schools students significantly outperformed their non-VIL peers on math and reading standardized tests. Sustainability goals By 2022, Verizon’s networks and connected solutions will save more than double the amount of global emissions that our operations create. By 2025, we will reduce our carbon intensity (a measure of the overall carbon we emit divided by the terabytes of data carried by our networks) by 50 percent over the 2016 baseline. In addition, by 2030 we will plant two million trees in communities around the world, including 250,000 in areas impacted by the 2017 hurricane season. Progress: • In 2017, Verizon’s networks and connected solutions enabled emissions savings equal to 1.38 times our own operational emissions. • We are currently measuring our progress toward reducing our carbon intensity and will report our results on our Corporate Responsibility website. • We have planted more than 560,000 trees since 2009. To read more, please visit our 2017 Corporate Responsibility Report at www.verizon.com/about/responsibility By 2025, we will reduce the carbon intensity of our operations by 50 percent over the 2016 baseline. Program results indicate: The percentage of VIL schools students who improved in math was 3X greater Math Reading The percentage of VIL schools students who improved in reading was 2X greater VIL schools students Non-VIL schools students Based on 6th grade performance for schools that provided complete data after two years.
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