Verizon's latest corporate responsibility report highlights how the company is using its technology, resources and employees to address societal challenges such as improving health care, increasing energy efficiency and conservation, and playing a role in the recovery of the nation's economy.
The recently released, 53-page report features a letter from Verizon Chairman and CEO Ivan Seidenberg in which he explains that the company's sustained history of corporate citizenship has been nourished by a belief that providing better ways to communicate is inherently valuable to society.
"Few companies touch as many lives, or reach as many communities, as Verizon," Seidenberg wrote. "[Verizon's] networks are critical not just to Verizon's growth but to that of the economy as a whole in that they are a platform for the creativity, innovation and productivity that lie at the heart of true, sustainable value creation."
The featured areas of the document -- the company's fifth annual corporate responsibility report -- include:
Verizon's commitment to corporate responsibility was recognized earlier this year by Corporate Responsibility Officer magazine and The Big Money, a Web site that focuses on aspects of economics and money.
CRO magazine ranked Verizon No. 32 on the publication's 100 Best Corporate Citizens List. Verizon is the only telecommunications company on the list. Verizon received its highest CRO score for philanthropy, ranking 9th in that category.
A copy of the entire Corporate Responsibility Report is available at http://220.127.116.11/images/vz_uploads/verizon_cr_report_2008-2009.pdf. For more information about Verizon's commitment to corporate responsibility, visit http://responsibility.verizon.com/. To learn more about Verizon's commitment to reducing the environmental impact of its operations and that of its customers, visit http://newscenter.verizon.com/kit/green-press-kit/.
Verizon Communications Inc. (NYSE: VZ) , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 86 million customers nationwide. Verizon's Wireline operations provide converged communications, information and entertainment services over the nation's most advanced fiber-optic network. Wireline also includes Verizon Business, which delivers innovative and seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 237,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit www.verizon.com/news.