Climate Change Data

Comcast Corporation

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:2,463,472 tCO2e/year
Scope 1 Emissions:29,374 tCO2e/year
Scope 2 Emissions:2,963 tCO2e/year
Scope 3 Emissions:2,463,472 tCO2e/year
Renewable Energy Share:85.3% of total energy use (2022)
Total Energy Consumption:224,000 MWh/year (approx)
Waste Generated:8,612 tons/year
Carbon Intensity:5.55 tCO2e/£m revenue (2022)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced Scope 1 and 2 emissions by 56% since 2018
  • Launched Sky Stream, the most energy-efficient product
  • Reduced carbon emissions by 272 tonnes per year with electric shuttle buses
  • Around 10% reduction in power use since 2019

Social Achievements

  • Opened 26 Sky Up Digital Hubs, providing digital access to communities
  • Supported 86 young care leavers with Sky Up Tech Grants
  • Engaged over 16,000 students in Sky Up Academy Studios
  • Invested £11 million to support those at risk of being sidelined
  • 567 hours of coverage for women’s sport on Sky Sports

Governance Achievements

  • Independent assurance of selected KPIs by Deloitte

Climate Goals & Targets

Long-term Goals:
  • Net zero carbon across operations and value chain by 2030
Medium-term Goals:
  • Halve absolute emissions by 2030
Short-term Goals:
  • Net zero carbon across Scopes 1 and 2 by 2030

Environmental Challenges

  • Reducing Scope 3 emissions (primarily from purchased goods and services)
  • Addressing digital inequality
  • Promoting diversity and inclusion across the business
Mitigation Strategies
  • Developing a new carbon accounting tool to improve accuracy of Scope 3 reporting
  • Investing £10 million in Sky Up initiative to tackle digital exclusion
  • Implementing various initiatives to attract and support diverse talent, including Inclusive Leadership training

Supply Chain Management

Supplier Audits: 130 ethical audits in 2022

Responsible Procurement
  • Supplier Compliance Programme
  • OECD guidance for responsible mineral supply chains
  • RBA membership for some suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol Corporate Standard, UN Global Compact

Third-party Assurance: Deloitte

Sustainable Products & Innovation

  • Sky Stream

Awards & Recognition

  • Sky News awarded News Channel of the Year five consecutive years

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2.3 million mtCO2e (Scope 1 & 2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:10.7 million mtCO2e (estimated)
Renewable Energy Share:~25%
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Connectivity and Adoption
  • Skills and Creativity
  • Entrepreneurialism
  • Volunteerism
  • Diversity, Equity & Inclusion (DE&I)
  • Environment
  • Governance

Environmental Achievements

  • Reduced enterprise-wide Scope 1 and 2 greenhouse gas emissions by more than 30% since 2019.
  • Sourced approximately 1.1 million megawatt-hours (MWh) of clean and renewable energy – approximately 25% of total enterprise electricity load.

Social Achievements

  • Project UP invested $1 billion to connect people to the internet and create opportunities for the next generation.
  • Comcast RISE supported the growth of 13,500 small businesses since its launch three years ago.
  • Awarded more than $25 million to hundreds of community organizations nationwide to specifically support digital skills programs.

Governance Achievements

  • Board of Directors is 60% diverse racially/ethnically and by gender.

Climate Goals & Targets

Long-term Goals:
  • Carbon neutral for Scope 1 and 2 emissions by 2035.
Medium-term Goals:
  • Double network energy efficiency by 2030.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Emissions increased 5% from 2022 to 2023, primarily due to reductions in clean energy usage and the browning of the U.S. electricity grid.
  • Decarbonizing the business and value chain depends on factors beyond control, including political, economic, regulatory, and geopolitical conditions, supply chain and labor issues, supplier emissions reductions, the evolution of carbon offset markets, and investment and innovation to close gaps in available technology and infrastructure.
Mitigation Strategies
  • Making long-term investments in network energy efficiency and clean and renewable energy contracts.
  • Increased collaboration with a range of business partners, industry peers, governments around the world, and other stakeholders.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Comcast seeks to broaden and diversify its supplier base by creating an inclusive corporate supply chain process where all businesses have an opportunity to participate.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Storm-Ready Wifi
  • Handshake Box

Awards & Recognition

  • 5-Star Employer in the 2023 VETS Indexes Employer Awards
  • Best for Vets Employer by Military Times
  • Top 10 Military Friendly® Brand by Victory Media
  • Leading Disability Employer by the National Organization on Disability
  • Top 50 list as one of the nation’s most inclusive companies by DiversityInc
  • Disability Equality Index score by Disability:IN
  • Great Places to Work® and Fortune 100 Best Companies to Work For® 2023
  • Hispanic Association on Corporate Responsibility Corporate Inclusion Index
  • Supply Chain Diversity Leader by Supplier.io