Comcast Announces 2024 Impact Report

Rhea-AI Summary

Comcast has released its 2024 Impact Report, detailing its achievements and initiatives aimed at fostering digital equity, diversity, and sustainability. Notable efforts include Project UP, a $1 billion initiative to close the digital divide, and the awarding of over $25 million to community organizations supporting digital skills programs. The company has launched several programs, including $13.6 million in grants for Digital Navigators and $125 million to support underrepresented small businesses through Comcast RISE. Environmental initiatives highlighted include a 30% reduction in emissions since 2019 and a goal to double network energy efficiency by 2030. Comcast also promotes volunteerism with over 25,000 employee volunteers contributing over 220,000 hours. Additionally, the company is creating a more inclusive retail experience by piloting American Sign Language in Greater Philadelphia Xfinity stores.

Positive

• None.

Negative

• No direct financial metrics provided in the report, making it difficult to assess the immediate financial impact on shareholders.
• No specific details on the profitability or cost savings from sustainability initiatives, which could affect investor confidence.

NORTHAMPTON, MA / ACCESSWIRE / June 27, 2024 / Comcast Corporation:

Comcast released its 2024 Impact Report highlighting impact stories, along with diversity and environmental data, to illustrate how the company is helping to create a more equitable, inclusive, and sustainable world.

As we mark Comcast's 60th anniversary, our commitment to making change has never been stronger. We've accelerated our efforts to close the digital divide through Project UP, our $1 billion commitment to increasing digital equity, by continuing to support local and national nonprofits that provide digital-skills training and career development opportunities. We've also continued our focus on creating a more sustainable world through energy efficient initiatives aimed at reducing our carbon footprint.

The report highlights the progress we've made companywide in 2023 and early 2024, including:

• Awarding more than $25 million across hundreds of community organizations nationwide to support digital skills programs and partnerships.
• Expanding our network of Digital Navigators, trusted community members who help people gain digital skills, with $13.6 million in grants for connectivity and adoption for 250+ organizations.
• Helping thousands of young people gain essential skills in media literacy and storytelling through Sky Up Academy and NBCU Academy.
• Supporting the growth of 13,500 underrepresented small businesses through $125 million in monetary grants, technology, and marketing resources through Comcast RISE.
• Piloting American Sign Language (ASL) in our Greater Philadelphia Xfinity retail stores to create a more inclusive retail experience.
• Making progress on our goal to double the energy efficiency of our network by 2030 - reducing the electricity it takes to deliver each byte of data by 40% since 2019.
• Launching the GreenerLight Program, which incorporates sustainability throughout the filmmaking process from script to screen.
• Promoting volunteerism through Team UP, our employee-engagement program, with over 25,000 employee volunteers and over 220,000 hours volunteered.
• Continuing toward our carbon neutral goal, reducing emissions by over 30% since 2019.

Comcast is grateful for its passionate employees and partners and looks forward to continued collaboration to help build a future of unlimited possibilities

Check out Comcast's 2024 Impact Report.

View additional multimedia and more ESG storytelling from Comcast Corporation on 3blmedia.com.

Contact Info:

Spokesperson: Comcast Corporation
Website: https://www.3blmedia.com/profiles/comcast-corporation
Email: info@3blmedia.com

SOURCE: Comcast Corporation

View the original press release on accesswire.com

FAQ

What is Comcast's Project UP?

Project UP is Comcast's $1 billion initiative aimed at increasing digital equity by supporting local and national nonprofits that provide digital-skills training and career development opportunities.

How much has Comcast awarded to community organizations for digital skills programs?

Comcast has awarded more than $25 million to community organizations nationwide to support digital skills programs and partnerships.

What are Comcast's environmental goals?

Comcast aims to double the energy efficiency of its network by 2030 and has already reduced emissions by over 30% since 2019.

How is Comcast supporting underrepresented small businesses?

Comcast supports underrepresented small businesses through Comcast RISE, which provides $125 million in monetary grants, technology, and marketing resources.

What progress has Comcast made with its sustainability initiatives?

Comcast has reduced its emissions by over 30% since 2019 and aims to double its network's energy efficiency by 2030.