Comcast's Green Bond Allocated for Buildings, EVs - Smart Energy Decisions

Commercial, Distributed Energy Resources, GHG Emissions, Finance  -  November 7, 2023

Comcast's Green Bond Allocated for Buildings, EVs

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 include projects geared towards green buildings, clean transportation, energy efficiency and renewable energy for expenditures through the two years ended December 31, 2022.

The telecommunications company lowered its market-based, enterprise-wide Scope 1 and 2 GHG emissions by 38% from 2019 to year-end 2022.

Details are published in 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.

“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, in a statement.

The proceeds from Comcast’s green bond were allocated to several projects, including:

  • New construction at the Universal City Studios campus in Los Angeles, which is being built to green building standards that help support sustainable production and greener operations at LEED Gold standard or higher.
  • The Sky Osterley Innovation Centre in West London, England, which is Sky’s first all-electric building that avoids the use of fossil fuels within the building operation, and received a BREEAM Outstanding certification.

Comcast allocated a portion of green bond net proceeds to clean transportation initiatives, including the Universal Studios Hollywood Studio Tour electric trams and Sky electric shuttle buses, which will help lower carbon emissions.


Keywords: Comcast

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