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Information for Verizon Shareholders Regarding our Renewable Energy Shareholder Proposal

APRIL 14, 2016: Trillium Asset Management has published a letter to shareholders of Verizon Communications Inc. (NYSE: VZ) urging them to vote in favor of our renewable energy proposal, which appears as item # 4 on the company’s 2016 proxy card.
Verizon LogoThe rapid growth of the digital economy has given the telecommunications sector the opportunity to drive significant change in the demand and consumption of clean energy. With the continued growth of data usage and the corresponding demand for more energy, there is a stronger emphasis on the need for companies to diversify their energy sources. Although energy efficiency is crucial for reducing emissions, there is a limit to how far operational efficiencies can carry a company relative to the reductions needed to mitigate the impacts of climate change.
By setting goals to source renewable energy, Verizon would demonstrate a proactive approach to reducing exposure to volatile energy prices; enhancing U.S. energy security; creating jobs in the United States; enhancing Verizon’s reputation; achieving its greenhouse gas (GHG) reduction targets; and meeting the global need for cleaner energy.
Shareholders are requesting that:
“…Verizon Communications senior management, with oversight from the Board of Directors, set company-wide quantitative targets by September 2016 to increase renewable energy sourcing and/or production.”
Shareholders will vote on the proposal at the Verizon’s annual meeting, which takes place on May 5, 2016.
You can read more about our rationale for a “Yes” vote by clicking here.


For more information: Randy Rice, Trillium Asset Management, rrice@trilliuminvest.com, 617-515-6889
Important disclosure: The information provided in this material should not be considered a recommendation to buy or sell the security mentioned. It should not be assumed that investments in such security has been or will be profitable. To the extent a specific security is mentioned, it was selected by the authors on an objective basis to illustrate views expressed in the commentary and it does not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is for informational purposes and should not be construed as a research report.