Environment
Comcast Issues 2023 Green Bond Report Highlighting Allocations Made in Green Buildings and Electric Vehicles
Philadelphia, PA
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
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