Verizon consumes nearly 5 billion kilowatt hours (KWhs) of electricity each year, which translates into an annual energy bill of almost $500 million. This massive energy consumption produces carbon dioxide emissions of nearly four million tons. Consequently, the incentives for implementing a conscientious and conservative energy policy may seem fairly obvious. Now they have come up with plans in reducing carbon footprint and have made it up to 30% by now.
Verizon have developed a metric called carbon intensity that measures energy use per terabyte of data flowing through their networks. This way, they can accurately gauge their progress in energy efficiency even as their business grows.
Using this standard, they have set a goal of reducing their carbon intensity by 50% by 2020, compared to a baseline measured in 2009. They have already cut their carbon intensity by 30 percent, through help from new network equipments’ energy-efficient requirements and aggressive energy efficiency initiatives in their buildings.
In their service fleet, their goal is to have 15 percent of their vehicles running on alternative fuel by 2015. Verizon has added 667 such vehicles in 2011, bringing them roughly halfway to their goal.
But until very recently, few telecommunications firms had attempted to do so. Verizon stepped up to the plate to play a leadership role in stimulating broader action in the fields of energy efficiency and climate change.
Verizon’s commitment to energy conservation began immediately in 2000, when Verizon was established by merger. Verizon reinforced and strengthened the Energy Board of Directors (EBOD) charged with a very specific mission: To seek out opportunities to reduce the company’s overall power consumption, especially its heavy reliance on high-pollution fossil fuels.
The Energy Board includes department heads from all segments in the corporation charged with a common objective to reduce consumption and associated green house gas emissions.
Energy bills, with the main focus on electric billings, have been centralized to include a central energy database, tracking costs and consumption nationwide, to assist the EBOD in achieving its objectives.