Comcast issues $1bn for clean energy and infra
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Comcast issues $1bn for clean energy and infra

Successful finance and investment concept with trees growing on coins and blurred green nature background.

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:

  • renewable projects

  • green buildings

  • campuses

  • communities and cities

  • clean transportation

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:

  • Academy Securities

  • Loop Capital Markets

  • Samuel A. Ramirez & Company

  • Siebert Williams Shank and Company

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