Comcast Fully Allocates $1 Billion Green Bond

Rhea-AI Summary

Comcast has fully allocated $995 million in net proceeds from its inaugural green bond issued in February 2023. The funds were directed towards green buildings, circular economy, clean transportation, energy efficiency, and renewable energy initiatives, supporting the company's goal to achieve carbon neutrality by 2035.

Key projects include the completion of Sky Studios Elstree, which features 100% renewable electricity and 2.9 MW of solar capacity, and investments in electric vehicles for Xfinity service technicians. The company has also maintained refurbishing programs to reduce waste through device reuse. Notably, Comcast has reduced its market-based Scope 1 and 2 greenhouse gas emissions by more than 30% from 2019 to year-end 2023.

NORTHAMPTON, MA / ACCESSWIRE / October 23, 2024 / Comcast Corporation

Comcast Corporation published its 2024 Green Bond Report, which outlines the full allocation of proceeds from its inaugural green bond issued in February 2023.

$995 million in net proceeds were focused on green buildings, circular economy, clean transportation, energy efficiency, and renewable energy, all in accordance with its Green Financing Framework. These investment categories support environmental efforts as part of Comcast's goal to be carbon neutral by 2035.

"We're proud to have offered investors the opportunity to support greener operations at Comcast that ultimately benefit people and the planet."

Sara Cronenwett

Senior Vice President of Corporate Environmental Sustainability at Comcast

Comcast has reduced its market-based, enterprise-wide Scope 1 and 2 greenhouse gas emissions by more than 30% from 2019 to year-end 2023.

"Whether it's through the design and construction of green buildings that integrate clean technologies and other sustainability features, or circularity projects that extend the life of devices and keep waste out of landfills, these investments will deliver tangible environmental benefits for years to come," said Sara Cronenwett, Senior Vice President of Corporate Environmental Sustainability at Comcast.

Project highlights included:

• Sky Studios Elstree: Completing construction in 2023 as the UK's newest, state-of-the-art film and TV studio, Sky Studios Elstree was awarded a mark of ‘Outstanding' by albert in its Studio Sustainability Standard Report 2024. Sky Studios Elstree purchases and matches 100% renewable electricity, approximately 25% of which comes from 2.9 MW of solar capacity across the studio's rooftops. Other sustainability features include rainwater harvesting, LED lighting, EV charging points and an all-electric operations vehicle fleet.

• Electric Vehicles: Funds were allocated to clean transportation initiatives, including select electric vans and pickups for Xfinity service technicians, as well as a large fleet of electric and solar-powered golf carts for production and operations crews at the Universal Studios Lot.

• Circularity by Design: Comcast maintains longstanding refurbishing programs that reduce waste by enabling reuse of certain devices until the end of a product's life. This includes programs to test, refurbish and repair returned devices. Comcast also has a National Recycling Program, aiming to recycle or divert cable equipment waste from landfills through recovery and redistribution of materials.

To learn more about Comcast's full green bond allocation, please download its 2024 Green Bond Report. For more information on Comcast's environmental efforts, visit the Environment page at corporate.comcast.com.

Forward-Looking Statements

This communication includes estimates, projections and statements regarding plans and goals that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. For more information on these statements, please see https://corporate.comcast.com/impact/environment/forward-looking-statements.

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

Contact Info:
Spokesperson: Comcast Corporation
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SOURCE: Comcast Corporation

View the original press release on accesswire.com

FAQ

How much has Comcast (CMCSA) allocated from its 2023 green bond?

Comcast allocated $995 million in net proceeds from its green bond issued in February 2023.

What are the main investment categories for Comcast's (CMCSA) green bond proceeds?

The proceeds were invested in green buildings, circular economy, clean transportation, energy efficiency, and renewable energy initiatives.

What is Comcast's (CMCSA) greenhouse gas emission reduction achievement from 2019 to 2023?

Comcast reduced its market-based, enterprise-wide Scope 1 and 2 greenhouse gas emissions by more than 30% from 2019 to year-end 2023.

What sustainable features does Sky Studios Elstree include under Comcast's (CMCSA) green initiatives?

Sky Studios Elstree features 100% renewable electricity, 2.9 MW of solar capacity, rainwater harvesting, LED lighting, EV charging points, and an all-electric operations vehicle fleet.