Green Bond Fact Sheet

Verizon Communications Inc

Date: 20-Feb-2019

Issue date: 08-Feb-2019 Maturity date: 08-Feb-2029 Tenor: 10Issuer Name

VerizonCommunications Inc

Amount Issued

USD1bnCountry of risk

USA

CBI Database

Included

Issuer Type1

Non-financial
corporate

Bond Type

Senior unsecured

Green Bond Framework

N/A

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☒ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☒ Energy storage/meters☒ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☒ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☒ Adaptation & resilience☒ Other☐ Adaptation &resilience☒ ICT☐ Industry: process

Issue details
ReportingWithin one year from the date of issuance of the notes, and annually thereafter until we havereported that an amount equal to the net proceeds of the notes has been allocated to Eligible
Green Investments, we will publish, and keep readily available, on a designated website, areport setting forth information with respect to the allocation of such amount. The reportwill include an assertion by Verizon’s Sustainability team as to the aggregate amountallocated to specific categories of Eligible Green Investments and will describe such Eligible
Green Investments.

Company information

Verizon is a US telecommunications company, providing phone, wireless, cable, internet,
and other media services. As one of the largest communications technologies companies in
the world, Verizon Wireless serves 118.0 million connections on the US’ largest wirelessnetwork.

Firsts, records andcertificationsFirst non-European ICT issuance in 2019, and first by a US telecoms provider (previouslyonly Apple had issued an ICT green bond in the US)

Proceeds description

The proceeds will fund investments in renewable energy, energy efficiency, green buildings,
sustainable water management and biodiversity and conservation.

Climate Bonds view

The breadth of project categories that Verizon has listed suggests it is viewing its activities
holistically, which we see as positive. The US corporate market continues to lag in green
issuance compared to its size and significance. High profile issuance like this should be seen
as a signal by others.

Underwriters

Goldman Sachs, Merrill Lynch Pierce Fenner & Smith

Deal comments
Credit Rating

N/APricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign