March 21, 2013
/PRNewswire/ -- Verizon has released its
2012 annual report
of financial and corporate responsibility performance, showcasing solid progress in delivering powerful answers in the areas of
Among report highlights: Verizon enabled new growth in markets such as healthcare; strategically refocused the Verizon Foundation as an incubator for innovation and social change; and is ahead of its commitment to halve its
by 2020. An interactive version of the full report is posted at
: Verizon Corporate Responsibility Senior Vice President
Kathryn C. Brown
and Chief Sustainability Officer
will discuss Verizon's corporate responsibility progress at a CSRWire webinar on
noon-1 p.m. Eastern Time
. Details can be found at
"At the core of our growth strategy is our commitment to using our technology to address the world's biggest challenges," wrote Chairman and CEO
in a shareowner letter in the report. "We call this strategy '
,' an integrated approach to growth that drives both our business development and corporate responsibility efforts."
The annual report also notes that Shared Success opens new markets for Verizon, provides long-term value for shareowners and helps solve community problems.
Last year the
refocused its strategy to become a channel for social innovation by combining Verizon's advanced technology with its philanthropic resources to address challenges in education, healthcare and energy management.
The Verizon Foundation is collaborating with leading nonprofit organizations to apply the company's sophisticated technology and expertise to real-world settings and accelerate positive social change, faster and easier. This is especially true in underserved communities, which might experience the most benefit and rapid improvement from the adoption of Verizon's newest technologies.