Liberty Global Becomes Founding Member of European Green Digital Coalition
March 19 2021 - 7:05AM
Business Wire
Liberty Global (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and
LBTYK), one of the world’s leading converged video, broadband and
communications companies, has further demonstrated its commitment
to sustainability by signing on as a founding member of the
European Green Digital Coalition.
The coalition has been set up by the European Union to support
the use of digital technologies as a key enabler for climate
action, environmental sustainability and helping to reach UN
Sustainable Development Goals. The founding members were announced
today by EU Commissioner Thierry Breton and the EU Presidency at
the Digital Day 2021 event held in Lisbon, Portugal.
By signing the European Green Digital Declaration, companies
commit to establishing science-based targets to reduce greenhouse
gas (GHG) emissions by 2030 and becoming climate neutral no later
than 2040.
Companies signing the declaration also commit to:
- Investing in the development and deployment of green digital
solutions with significant energy and material efficiency that
achieve a net positive impact.
- Engaging with relevant organisations to develop standardised,
credible and comparable assessment methodologies of the net impact
on environment and climate of green digital solutions.
- Promoting cross-sectoral dialogue and contributing to the
development of guidelines and recommendations for the deployment of
green digital solutions, as well as encouraging workforce
upskilling.
Mike Fries, CEO, Liberty Global, commented: “We’re proud to be a
founding member of the European Green Digital Coalition. Digital
technologies have a huge role to play in the fight against climate
change and we look forward to utilising our networks and expertise
to help deliver a greener and more sustainable future.”
Liberty Global’s signing of the declaration follows its recent
inclusion in the S&P Sustainability Yearbook, one of the
world's most respected publications providing in-depth analysis on
corporate sustainability. Companies included in the Yearbook are
chosen by completing the S&P Global Corporate Sustainability
Assessments (CSA), widely recognized as one of the most advanced
ESG scoring methodologies.
Within the last six months alone, Liberty Global has also been
awarded leadership status by CDP Global (formerly known as the
Carbon Disclosure Project) in its annual survey into climate change
and carbon emissions and was named one of the world’s most
sustainable companies through its inclusion in the influential Dow
Jones Sustainability World index for the eighth year.
Liberty Global has further signalled its commitment to
sustainability through a number of recent initiatives at its
operating companies. These include VodafoneZiggo, Liberty Global’s
Joint Venture in the Netherlands, launching its first Green Bond in
December last year. The bond - the first ever high yield Green Bond
to be issued by a company outside the renewable energy space - 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.
In addition, Virgin Media Ireland are bringing 100% renewable
energy to their access network, while Sunrise UPC in Switzerland
have rolled out new technology which increases the energy
efficiency of its 5G mobile network. Alongside these energy
initiatives, Virgin Media UK launched their five year Meaningful
Connections sustainability strategy earlier this month, with the
aim of achieving net zero carbon and zero waste operations by the
end of 2025.
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 49
million broadband, video, fixed and mobile telephony services
across our brands. We also have significant investments in ITV,
All3Media, CANAL+ Polska, LionsGate, the Formula E racing series
and several regional sports networks.
For more information, please visit www.libertyglobal.com.
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