New Jersey LCV honors Verizon Communications with sustainability award

Sustainable development concept

The New Jersey League of Conservation Voters is planning to host its ninth annual gala on June 12 at the Palace at Somerset Park in Somerset. The gala celebrates pro-environment victories and legislative wins, honoring those who have helped make those achievements a reality.

This year, Verizon Communications will be the recipient of the 2023 Sustainability Award.

In February 2019, Verizon became the first U.S. telecom company to issue a green bond. The inaugural offering raised almost $1 billion in net proceeds and was fully allocated in 2020 to renewable energy, energy efficiency, green buildings, biodiversity and conservation. Verizon has also set a goal to achieve net zero emissions in operations by 2035, and has made a 100% pledge to electrify its fleet of vehicles.

“We are delighted to present our Sustainability Award to Verizon. This important New Jersey business has demonstrated a commitment to the environment by working to mitigate climate change with their green bonds, net zero emissions initiative and 100% fleet of electric vehicles,” Ed Potosnak, executive director, New Jersey LCV, stated. “We know that some companies continue to do business as usual with no regard for the environment, but Verizon is walking the walk to a sustainable future, and we’re honored to recognize their bold efforts.”

“We integrate our (environmental, social & governance) strategy into operational decision-making across Verizon to make us a stronger, more resilient company for business and for society. We have an obligation to lead in areas like climate protection, human prosperity and diversity — areas where we know we can not only make an impact, but drive positive and lasting change for our customers, our shareholders, our employees and society,” Sowmyanarayan Sampath, CEO, Verizon Consumer Group, said.

Last year, New Jersey LCV raised the most ever at the gala — almost tripling total dollars from the prior year. The event will feature online silent auction items, including engaging environmental experiences, travel destinations and lunch with the New Jersey LCV executive director.