Verizon Communications, Inc.
Industry Group: Telecommunication Services
Country/Region: United States of America
Identifier: NYS:VZ
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks. Verizon agreed to acquire Frontier Communications in September 2024.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Telecommunication Services 31 out of 211
Universe
Global Universe 3895 out of 15104
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Verizon Communications, Inc. |
19.3
Low
|
31 out of 211 |
| AT&T, Inc. |
22.1
Medium
|
68 out of 211 |
| Comcast Corp. |
22.3
Medium
|
72 out of 211 |
| T-Mobile US, Inc. |
23
Medium
|
80 out of 211 |
| China Mobile Ltd. |
27.8
Medium
|
133 out of 211 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for Verizon Communications, Inc.
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Verizon Communications, Inc.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
