| www22.verizon.com |
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| Share Price (3/15/07): | $36.36 |
| OVERVIEW: | |
| Market Value (3/15/07): | $105.8 BIL |
| Revenue (2006): | $88.1 BIL |
| Employees: | 249,965 |
| Return on Equity 2006: | 12.5% |
| HIP PRACTICES: | ||
| Vision: | "Living our values" -- across employees, customers and stakeholders; integrated into business goals. | |
| Metrics: | Aggressively designing and integrating metrics into scorecards, and seeing them as blened into and drivers of value for the business. |
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| Financials: | Increased earth and health impacts not yet flowing to top or bottom-line savings; balanced gender-and ethnic-workforce drives closer customer connections. |
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| Accountability: | CEO says business and responsibility reports "share the same table of contents." Policy/Governance committee on the Board formally updated twice yearly. |
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| Decision-Making: | VPs and Directors mandated to learn about impacts and stakeholders -- and how it's integrated with the business. |
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| HIP OUTCOMES: | ||
| Health: |
Partnered with WebMD to offer a 24/7 helpline to employees called HealthPhone. |
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| Wealth: |
Employee investment accounts matched up to 9% if company performance excels. |
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| Earth: |
129,000 metric tons emissions reduced in 2006 from powered down equipment, sold or "darkened" facilities, eco-improvements, and gas-fired micro-turbines, but only 2% of overall GHG footprint. Trial of 20% bio-diesel fuel (biodegradeable) in NJ and TX for fleets there. Nationwide programs recycled over 98,000 tons of material, including over 35,000 tons of paper and cardboard. Purchased more than 177,000 tons of recycled content products worth more than $83 million. Collected 900,000 phones last year; recycled one-fourth, sold remainder, proceeds to domestic violence non-profits. |
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| Equality: |
Ethnic minorities represent one-third of employees, nearly a third of manager, and one-sixth of executives. Bought $2+ billion in goods and services from minority, women, disabled, and veteran suppliers in 2005, a 23% increase over 2004. |
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| WHAT'S NEXT: | ||
| Practices: | Hybrid fleet (field and corporate) expect 40%-50% fuel economy savings and 70%-90% emissions reductions, could trigger sector-wide fleet improvements. |
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| Outcomes: | High-growth prospects from new products for customers based on impact; accessibility innovations open up base-of-pyramid markets (e.g. voice activation commands for wireless services). |
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| OTHER RATINGS: | ||
| KLD: Companies rated from negative (0) to positive (6) in seven areas. | Community: 4.0 Governance: 2.9 Diversity: 5.6 Employees: 0.7 Environment: 3.2 Human Rights: 3.4 Product: 0.8 Included in KLD Indices for: Domini 400, Broad Market Social Index |
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| Calvert Rating: Companies are rated on a scale of 1 (substantially below Calvert standards) to 5 (superior). | Environment: 4 Workplace: 2 Business Practices: 3 Human Rights: 4 Community Relations: 4 Included in Calvert funds: No |
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| RESOURCES: | ||
| Sustainability or CSR Report: | Verizon Corporate Responsibility |
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| Annual Report: | Verizon Investor Relations |
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--Lisa LaMotta and R. Paul Herman
