Comcast issues $1bn for clean energy and infra
Comcast has issued a green bond worth $1 billion to investors to support clean energy and infrastructure initiatives.
The move is part of the company's goal to become carbon neutral by 2035.
The proceeds will be allocated to investment areas which include:
communities and cities
Sara Cronenwett, senior vice president of corporate strategy and environmental sustainability at Comcast, said: "These investments bring great value to the broader community of Comcast shareholders, employees, and customers by helping to foster a cleaner, healthier environment."
Comcast’s environmental efforts include:
a 31% decrease in Scope 1 and 2 emissions since 2019
increased use of renewable electricity from 2020 to 2021
from 2019 to 2021 Comcast Cable reduced its energy consumption per consumed terabyte by nearly 30%
piloted electric and hybrid vehicles, including the first 4 electric trams in the Universal Studios Hollywood fleet
increased the number of green buildings
Advisors to Comcast:
BofA Securities – green structuring agent
Active book runners:
Loop Capital Markets
Samuel A. Ramirez & Company
Siebert Williams Shank and Company