Comcast issues $1B bond for environmental efforts

Philadelphia-based Comcast Corp. recently issued a $1 billion, 10-year green bond that will give investors the opportunity to support environmental efforts.

Proceeds from the green bond may be allocated to efforts that will help Comcast reduce its carbon footprint, such as campuses, clean transportation, communities and cities, energy efficiency, green buildings, renewable energy, and circular economy adapted products, production technologies, and processes.

Comcast’s Green Financing Framework provides details on eligible green investments along with the processes for project selection and progress reporting.

“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, Comcast senior vice president of corporate strategy and environmental sustainability. “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 goal is to become carbon neutral by 2035. Its efforts to achieve this goal include more than doubling the use of renewable electricity between 2020 to 2021 and reducing Scope 1 and 2 emissions by 31 percent since 2019.

Comcast is a media and technology company with 57 million customers in the United States and Europe. It also operates Universal Parks and Resorts.