Press release
Comcast Issues $1 Billion Green Bond to Fund Clean Energy, Infrastructure Projects
New solar and wind power purchases, energy efficiency investments, and green building construction among eligible bond allocations to support sustainable
About this update from Comcast Corporation
[{"type":"text","content":"\nNew solar and wind power purchases, energy efficiency investments, and green building construction among eligible bond allocations to support sustainable business\n\n PHILADELPHIA--(BUSINESS WIRE)--\nComcast today announced the issuance of a $1 billion 10-year green bond, offering investors the opportunity to support environmental efforts such as those currently underway or under consideration as part of Comcast’s goal to be carbon neutral by 2035.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230209005521/en/Comcast technician monitors solar array (Photo Credit: Comcast)\nProceeds from the green bond may be allocated to five investment areas, all of which contribute to Comcast's efforts to reduce its carbon footprint, including renewable energy, energy efficiency, green buildings, campuses, communities and cities, clean transportation, and circular economy adapted products, production technologies and processes. Comcast’s Green Financing Framework provides details on eligible green investments in these categories, in addition to the processes for project selection and progress reporting.\n\n\"We’re excited to have offered investors the opportunity to join us as we scale clean energy technologies and other decarbonization strategies across our business,” said Sara Cronenwett, Senior Vice President of Corporate Strategy and Environmental Sustainability at Comcast. “These investments bring great value to the broader community of Comcast shareholders, employees, and customers by helping to foster a cleaner, healthier environment.”\n\nAs part of its goal to be carbon neutral by 2035, Comcast’s environmental efforts have included:\n\n\nReducing Scope 1 and 2 emissions 31% since 2019.\n\n\nMore than doubling the use of renewable electricity from 2020 to 2021.\n\n\nDecreasing Comcast Cable’s energy per consumed terabyte nearly 30% from 2019 to 2021.\n\n\nPiloting electric and hybrid vehicles in select locations, including debuting the first four electric trams in the Universal Studios Hollywood fleet.\n\n\nIncreasing the number of green buildings it owns or occupies, including the LEED Platinum Comcast Technology Center.\n\n\nComcast worked with S&P Global Ratings to obtain an independent second party opinion on the Green Financing Framework, which concluded the framewor...