Frost & Sullivan has awarded Verizon the 2008 Green Excellence of the Year Award in the Corporate Leadership category for the telecoms services industry.
The award recognizes significant progress in enhancing long-term sustainability and managing the environmental impact of company operations that lead to a measurable improvement in the company’s overall environmental impact within its industry sector. The award also recognizes companies that have excelled in green product and technology innovation, and service achievements that promote sustainability.
In recognizing Verizon, Frost & Sullivan noted that in 2007 alone Verizon’s energy conservation efforts eliminated an estimated 76,000 metric tons of carbon dioxide emissions. Verizon achieved this by improving the energy efficiency of its buildings and by using alternative energy sources such as clean-burning fuel cells or micro turbines for its central offices.
“This recognition by Frost & Sullivan reinforces our commitment to run our business in an environmentally friendly way while helping our customers meet their goals to go green,” said Kathryn Brown, Verizon senior vice president – public policy development and corporate social responsibility. “Whether it is opting for electronic billing or trading business travel for a video conference, we can help customers protect the environment and balance life and work. Conservation is not only smart business – it is everybody’s business.”
Frost & Sullivan also gave recognition to a number of Verizon green initiatives including the creation of a commuter service program for employees. The research house also said the operator’s global IP network serves to facilitate low-carbon applications such as e-commerce, mobility, virtual meetings and teleworking. Meanwhile, Verizon’s efforts to encourage shareholders to receive communications electronically, collecting used cellular phones for recycling, and recycling more than 18,000 tons of paper and cardboard in 2007 while spending $3 million on recycled office supplies were also highlighted.
Category: Green corporations