NEW YORK, 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 healthcare, education and energy management.
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 carbon intensity by 2020. An interactive version of the full report is posted at http://www.verizon.com/2012annualreport .
( NOTE: Verizon Corporate Responsibility Senior Vice President Kathryn C. Brown and Chief Sustainability Officer James Gowen will discuss Verizon's corporate responsibility progress at a CSRWire webinar on April 3 from noon-1 p.m. Eastern Time. Details can be found at https://www4.gotomeeting.com/register/130460031.)
"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 Lowell McAdam in a shareowner letter in the report. "We call this strategy ' Shared Success,' 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. Strategic Philanthropy Last year the Verizon Foundation 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.
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