Appendix: Green bond program cumulative summary

Verizon has fully allocated the nearly $3 billion of net proceeds from the green bonds issued under its green bond program as set forth below.

Cumulative allocations

	Renewable energy	Green buildings	Energy efficiency	Biodiversity & conservation	Total net proceeds
2021 green bond	$991.1 million	—	—	—	$991.1 million
2020 green bond	$994.1 million	—	—	—	$994.1 million
2019 green bond	$636.9 million	$319.3 million	$36.7 million	$0.8 million	$993.7 million
Total	$2,622.1 million	$319.3 million	$36.7 million	$0.8 million	$2,978.9 million

Cumulative anticipated environmental impact

This table highlights the cumulative environmental impacts of the key categories of eligible green investments to which we have allocated green bond proceeds.

Category	Renewable energy	Green buildings
Metric	Anticipated greenhouse gas (GHG) emissions avoided per year	Square footage contracted for LEED Gold or higher certification
Calculation	Estimated annual renewable energy¹ multiplied by GHG emissions factor²	Total building square footage
Anticipated annual impact	Over 4.0 million MT CO₂e avoided annually³	446,000 sq. ft. contracted for LEED Platinum certification

¹The estimated annual amount of renewable energy generated by the projects covered by the VPPAs to which green bond proceeds have been allocated was determined based on the full amount of our contracted capacity with respect to those projects.

²Emissions calculated using the EPA eGRID United States Electricity Grid average for 2018 for the 2019 green bond and 2019 for the 2020 and 2021 green bonds (U.S. annual CO₂ equivalent total output emission rate (lb/MWh)). See https://www.epa.gov/energy/greenhouse-gases-equivalencies-calculator-calculations-and-references

³ Includes the impact of the allocation of green bond proceeds to 18 VPPAs in full and to one additional VPPA in part.