Comcast Issues 2023 Green Bond Report Highlighting Allocations Made in Green Buildings and Electric Vehicles
Comcast Corporation today published its 2023 Green Bond Report, which outlines the partial allocation of proceeds from its inaugural $1 billion green bond that it issued in February 2023.
Comcast allocated $421.8 million of the $995 million net proceeds from its February 7, 2023 issuance of its 4.65% green bond note to key investment categories outlined in its Green Financing Framework, including green buildings, clean transportation, energy efficiency, and renewable energy, for expenditures through the two-years ended December 31, 2022. These investment categories support environmental efforts that are either underway or under consideration as part of Comcast’s goal to be carbon neutral by 2035.
Comcast has reduced its market-based, enterprise-wide Scope 1 and 2 greenhouse gas emissions by 38% from 2019 to year-end 2022.
We’re pleased with the first allocation of our green bond offering as we take steps to invest responsibly and reduce our environmental impact across the enterprise.
“This allocation focused on green building construction and electric vehicle deployment at key NBCUniversal and Sky locations that will support more sustainable operations and productions from Hollywood to West London,” said Sara Cronenwett, Senior Vice President of Corporate Environmental Sustainability at Comcast.
Proceeds from Comcast’s green bond were allocated to several projects, including:
To learn more about Comcast’s green bond issuance, please download the company’s 2023 Green Bond Report. For more information on Comcast’s environmental efforts, visit the environment page at corporate.comcast.com.
Forward Looking Statements
This press release 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. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “potential,” “strategy,” “future,” “opportunity,” “commit,” “plan,” “goal,” “may,” “should,” “could,” “would,” “will,” “continue,” “will likely result” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially. In evaluating these statements, you should consider various factors, including the risks and uncertainties we describe in the “Risk Factors” sections of our Forms 10-K and 10-Q and other reports we file with the Securities and Exchange Commission (“SEC”). There are also certain risks and challenges we may face in meeting our environmental goals that are beyond our control, including political, economic, regulatory and geopolitical conditions, supply chain and labor issues, supplier emissions reductions, the evolution of carbon offset markets and limited large-scale investments and innovations in technology and infrastructure. The inclusion of forward-looking statements that may address our corporate responsibility initiatives, progress, plans and goals in this press release is not an indication that they are necessarily material to investors or required to be disclosed in our filings with the SEC. Such statements may contain estimates, make assumptions based on developing standards that may change and provide aspirations and commitments that are not intended to be promises or guarantees. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise.