Liberty Global Recognized for Sustainability Leadership
December 20 2020 - 11:00PM
Business Wire
Liberty Global Awarded Leadership Level Status by CDP Global
for Management of Carbon & Climate Change Risks
Recognition Coincides with Approval of Science-based Targets
on Carbon Emissions, Launch of New ‘Green Bond’ from VodafoneZiggo
and Sustainability Award Win for New Mini TV Box
Liberty Global (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and
LBTYK), one of the world’s leading converged video, broadband and
communications companies, has been awarded Leadership status by CDP
Global (formerly known as the Carbon Disclosure Project) in its
annual survey into climate change and carbon emissions.
The recognition capped a week which also saw the launch of a new
‘Green Bond’ from VodafoneZiggo and Liberty Global’s new 4K Mini TV
Box winning the sustainability category at this year’s Digital TV
Europe’s Video Tech Innovation Awards. In addition, Liberty Global
has joined a select group of companies with Science-based Targets
to prevent the effects of climate change, a four-year process
culminating in assessment and approval by the Science-based Target
Initiative (SBTi) last month.
Mike Fries, CEO, Liberty Global comments: ‘The milestones we’ve
passed this past month demonstrate the extent to which
sustainability is ingrained in our business. From launching the
first high-yield Green Bond since 2018 to finance a whole range of
green projects, to introducing long-term goals on carbon emissions,
we are committed to operating in a sustainable, environmentally
responsible way.’
CDP GLOBAL LEADERSHIP STATUS
The CDP Global survey, which requests information on climate
change impacts and carbon emissions from some of the world’s
largest companies, awarded Liberty a score of A-, corresponding to
Leadership level status. Liberty Global was specifically commended
for its performance on energy consumption and Scope 11 and 22
carbon emissions.
The results from CDP Global – an international not-for-profit
organization that runs a global disclosure system for investors,
companies and regions to help manage environmental impacts – follow
just three weeks after Liberty Global was yet again named one of
the world’s most sustainable companies through its inclusion in the
influential Dow Jones Sustainability World index for the eighth
year. The company also featured in the North American index for the
ninth consecutive year.
GREEN BOND LAUNCH
Liberty Global was involved earlier this month in the launch of
the first Green Bond from VodafoneZiggo, its Joint Venture in the
Netherlands. The bond, which is the first ever high yield Green
Bond to be issued by a company outside the renewable energy space,
was successfully launched and priced on Monday 7th December.
The Green Bond will be used to finance projects that support
VodafoneZiggo’s transition towards low-carbon, climate-resilient
growth in areas such as renewable energy, energy efficiency, clean
transportation, eco-efficient products, technology and processes
and green buildings.
MINI TV BOX AWARD
Liberty Global’s new Mini TV Box, designed in-house by engineers
at Liberty Global and manufactured by CommScope, has been awarded
top prize in the sustainability category at the Digital TV Europe’s
Video Tech Innovation Awards.
The set-top box, Liberty Global’s greenest ever, delivers a
world-class viewing experience while dramatically reducing energy
consumption and use of plastics. Combining innovation with
sustainability, the set top box is made from 35% recycled plastic
and doesn’t use any single-use plastic in its casing. Additionally,
the 4K Mini TV Box reduces energy consumption by 77% compared to
previous set top boxes and has a maximum power usage of under 5W,
even when watching 4K content.
NEW SCIENCE-BASED TARGETS
Liberty Global developed Science-based Targets to reduce carbon
emissions in alignment with the 2015 Paris Agreement. Working in
partnership with the Science-based Target Initiative (SBTi), the
company has committed to reducing its Scope 1 and 2 emissions by a
minimum of 50% by 2030 and 80% by 2050, as well as Scope 33
emissions by 50% by 2030. The launch means that Liberty Global is
now one of only 534 companies worldwide with approved Science-based
Targets through the SBTi.
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the
world’s leading converged video, broadband and communications
companies, with operations in seven European countries under the
consumer brands Virgin Media, Telenet, UPC, the combined Sunrise
UPC, as well as VodafoneZiggo, which is owned through a 50/50 joint
venture. Our substantial scale and commitment to innovation enable
us to invest in the infrastructure and digital platforms that
empower our customers to make the most of the digital
revolution.
Liberty Global delivers market-leading products through
next-generation networks that connect customers subscribing to 50
million broadband, video, fixed and mobile telephony services
across our brands. We also have significant investments in ITV,
All3Media, ITI Neovision, LionsGate, the Formula E racing series
and several regional sports networks.
For more information, please visit www.libertyglobal.com.
1 Direct emissions as a result of use of assets owned by an
entity/company 2 Indirect emissions as a result of activities by
assets owned or controlled by an entity/company, while energy
itself is purchased from a third-party, such as electricity
purchase from a utility supplier 3 Indirect emissions as a result
of activities from assets not owned or controlled by a company/
entity but impacts in its supply chain
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