Verizon Communications, Inc. is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Verizon Communications, Inc. is a wireless network operator known for its cell phone and internet services. It connects Americans through its LTE network, sells devices, and offers home TV and internet connections.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
Much of Verizon’s positive Humankind Value comes from its contributions to Email ($298.6 B), Internet Search ($88.4 B), and Economic Value ($42.6 B). Out of the companies we have analyzed, Verizon is in the top ten for Email and Internet Search. Modern life is highly dependent on smart phones and broadband internet access. It is difficult to think of any aspect of daily life that does not involve these modern technologies. Our research has shown that there is substantial Humankind Value in free online services such as internet search. Verizon provides the infrastructure for internet access and operates some of these free online services. The company also produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. However, Verizon has room for improvement with respect to Greenhouse Gases (-$1.9 B). We attribute Email, Internet Search, and Economic Value to the company as a result of its direct business activities, while Biofuel Production and Greenhouse Gases are mostly or entirely a result of its supply-chain relationships.