RATING
Outlook
Positive
SECTOR
Wired Telecommunications Activities
Chief Sustainability Officer
T: N/A
E-mail: N/A
Stock Exchange and Ticker
NASDAQ: CMCSA
Website
Contact
T: +1 (215) 665-1700
E.mail: N/A
Listing
- #1 Veteran Employer ranking by the Military Times’ “Best for Vets: Employers 2020” list
- Comcast NBCUniversal has been honored as a top 10 company on DiversityInc’s Top 50 list as one of the nation’s most inclusive companies, placing #7 overall
- Comcast NBCUniversal has been listed #16 on Fortune and Great Place to Work’s annual 100 Best Companies to Work For list in 2022
- Comcast NBCUniversal has been recognized on LinkedIn’s ‘Top Companies’ List for 2022
- Comcast NBCUniversal was named to The Civic 50 list by Points of Light for the ninth consecutive year as a top community-minded company in the United States
- Comcast NBCUniversal ranked #2 on Great Place to Work’s “Best Workplaces for Parents” in 2021
- Comcast NBCUniversal was recognized by Fortune and Great Place to Work as one of the top workplaces for women, placing #11 out of 75 companies featured on their annual list for
- Comcast NBCUniversal ranked No. 68 on Fortune and Great Place to Work’s “Best Workplaces for Millennials” list
- Comcast NBCUniversal ranked #25 on the Dave Thomas Foundation for Adoption “Best Adoption-Friendly Workplace” survey for 2021
- Comcast has been honored by JUST Capital as the No. 1 company for workers in the media industry on its “Top Companies for Workers List” in 2021
- Comcast NBCUniversal was ranked #4 on the Top 10 Military Friendly® Brands list in 2021
- Comcast NBCUniversal was named to “The Civic 50″ list by Points of Light for the eighth consecutive year as a top community-minded company in the United States.
- Comcast NBCUniversal has been honored as a top 10 company on DiversityInc’s Top 50 list as one of the nation’s most inclusive companies, placing #6 overall. In addition, Comcast NBCUniversal was honored on 11 of DiversityInc’s 2021 Specialty Lists, including being honored as the #1 Company for Talent Acquisition for Women of Color
- Fortune, in partnership with Great Place to Work, ranked Comcast NBCUniversal 21st on its annual “100 Best Companies to Work For” list and fourth on the “Best Big Companies to Work For” list for 2021
Awards
- CDP Climate Change – B
2022
- For the eighth consecutive year, Comcast NBCUniversal received a top score of 100 on the annual Disability Equality Index (DEI) and was recognized as a “Best Place to Work for Disability Inclusion.”
- Comcast NBCUniversal’s Comcast Newsmakers and Voices of the Civil Rights Movement platforms won eight awards at the 43rd Annual Telly Awards, which honors excellence in video and TV
- Comcast NBCUniversal’s Comcast Newsmakers and Voices of the Civil Rights Movement platforms won two NAMIC Vision Awards, which honor programming that reflects the lives, spirit, and contributions of people of color
- Comcast Cable was named a VETS Indexes 5 Star Employer in 2022
- Comcast’s Lift Zones initiative wins SXSW’s 2022 “People’s Choice Award.”
- Comcast was named one of the ‘World’s Most Admired Companies’ by Fortune in 2022
- For the ninth time in ten years, Comcast NBCUniversal earned a score of 100 on the Human Rights Campaign’s (HRC) 2022 Corporate Equality Index and was named a “Best Place to Work for LGBTQ+ Equality.”
2021
- WifiForward named Comcast to its 2021 WiFi At Work list, honoring Comcast’s Lift Zones initiative.
- Comcast NBCUniversal was recognized on Fast Company’s 2021 ‘Best Workplaces for Innovators’ list for being one of the top companies that empowers employees to think, work, and create in new ways.
- Comcast Cable was named a VETS Indexes 5 Star Employer in 2021
- Comcast NBCUniversal’s Comcast Newsmakers and Voices of the Civil Rights Movement platforms won seven awards at the 42nd Annual Telly Awards, which honors excellence in video and TV
- Comcast NBCUniversal was named one of Fortune’s Most Admired Companies for 2021.
- Latino Leaders Magazine named Comcast NBCUniversal to its 25 Best Companies for Latinos list.
- Comcast NBCUniversal Foundation with The Fund for the School District of Philadelphia was recognized by Philadelphia Business Journal as a 2021 Faces of Philanthropy Honoree.
- For the eighth time in nine years, Comcast NBCUniversal earned a score of 100 on the Human Rights Campaign’s (HRC) 2021 Corporate Equality Index and was named a “Best Place to Work for LGBTQ Equality.”
Revenue
$30.3B
Market Capitalisation
$150.15B
Employees
189,000
Content source
Comcast Sustainability Report
Evaluation of Comcast
Comcast clearly reports on ESG related topics, it has a designated website with all of the company’s ESG statements, reports and related files. The company’s main ESG related mission seems to be diversity and equal opportunity, especially in the USA and it has done impressive work in this regard. There is much information on this topic in the company’s impact report and supporting documents. Further Comcast is aligned with 1.5C, is reducing emissions fast and wants to become climate neutral by 2035. In terms of awards, Comcast has obtained many, but most importantly it was rated B by CDP and also it follows the principles of TCFD and SASB. Even though Comcast already possesses LEED certification, obtaining more reputable certification would positively influence the company’s rating. The most important missing part is the lack of clear reporting on SDGs, however the papers provided by Comcast are clear and easy to read, thus it is not hard to relate the activities to appropriate SDGs. If Comcast were to also implement a tangible purchasing and recycling criterion followed by reputable certifications and ratings and global share of renewable energy, it’s Impakter rating would increase to B.
Sustainability Scorecard
Comcast Company Activity
Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal and Sky. Comcast has developed, managed and operated cable systems since 1963. Comcast Cable is a leading provider of broadband, video, voice, wireless, and security and automation services to residential customers in the United States. NBCUniversal is one of the world’s leading media and entertainment companies that develops, produces and distributes entertainment, news and information, sports, and other content for global audiences, and owns and operates theme parks worldwide. Sky is one of Europe’s leading entertainment companies, with a direct-to-consumer business that provides video, high-speed internet, voice and wireless phone services, and entertainment networks. The company’s last business interests consist primarily of the operations of Comcast Spectacor, which owns the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania.
Comcast Sustainability Activity - As per company declarations
Comcast states that it is focused on protecting the environment where they live and work, for a sustainable planet now and in the future. Some of its environmental actions include emissions reduction, the installation of a solar farm at one of its facilities, implementing plastic wrap recycling in warehouses, and holding electronic waste recycling events for employees. Comcast has also been focusing on Diversity & Inclusion and equal opportunities, through its two major projects: Project Up and Internet Essential Program.
Certificate & Labels, Standards and Frameworks
- Task Force on Climate-related Financial Disclosures (TCFD) framework
- Sustainability Accounting Standards Board (“SASB”) framework
- Greenhouse Gas (GHG) Protocol
- The Environmental Media Association (EMA) Green Seal of Approval
- Comcast Technology Center in Philadelphia is LEED Platinum
- Third party evaluation by CDP
- Certified for MEF 3.0 SD-WAN services
Comcast in the news: Press Reviews and Social Media
No recent significant articles
Highlights from Comcast Sustainability Report
Achievements
- Emissions reduction in line with the climate goals (below 1.5°C)
- Target to be carbon neutral by 2035 at Comcast, NBCUniversal, and Sky
- Hundreds of millions and billions donated and to be donated on a clear timescale
- Emphasis on diversity & inclusion
- Project Up & Internet Essentials Program
Weaknesses and Setbacks
- Not enough certifications
- Lack of SDG compliance reporting
- Reporting may be overwhelming and unclear
Targets vs Progress Reported
| Target | Results reported |
|---|---|
| Invest $1B over the next 10 years to help close the digital divide and impact 50M Americans | - 10M low-income Americans connected to Internet Essentials cumulatively since the launch of the program in 2011 - Launched more than 1,000 Lift Zones during 2021 (50% of low-income households in USA have a Lift Zone in their neighborhood) |
| By 2022, award monetary grants, technology makeovers, and marketing services from Comcast RISE to 13,000 small businesses owned by entrepreneurs of color | - Through the Comcast RISE program, more than 2,500 small businesses owned by people of color were supported through early 2021 with media campaigns; creative production or consulting services from effective advertising sales division of Comcast Cable; as well as technology makeovers, including computer equipment, Internet, and voice and cybersecurity services from Comcast Business. In addition, the Comcast RISE Investment Fund, announced in March 2021, provided $5 million in grants to a total of 500 small businesses led by people of color in five of the cities hardest hit by the pandemic: Atlanta, Chicago, Detroit, Houston, and Philadelphia |
| Carbon neutral by 2035 in Scope 1 and 2 emissions (Comcast, NBCUniversal, and Sky) - through sourcing renewable and clean energy; improving energy efficiency; measuring and reporting on Scope 1 & 2 emissions annually | - In partnership with TXU Energy, a leading Texas-based retail electricity provider, more than 50 Comcast facilities and 11,000 power supplies throughout the area will now be powered by renewable energy from the Foard City Wind Farm through 2031 - Total GHG emissions (Scope 1 & 2) - 2019=~2.5M tons CO2e - 2020 = ~2.2M tons CO2e - 2021+ ~1.8M tons CO2e, - 19% emissions reduced from operations in 2021 - From 2020 to 2021, Comcast more than doubled use of renewable electricity across global operations, from approximately 254,858 megawatt-hours (MWh) to 662,544 MWh → almost 260% increase - 100% renewable energy at Pinewood Studios - In 2021, signed Comcast’s first large-scale renewable energy agreement to purchase 250 megawatts of solar electricity that will power approximately 12% of current U.S. operations with clean, renewable energy beginning in 2025. - Decreasing the company’s energy consumed per terabyte of data nearly 30% from 2019 to 2021 - Owned and operated fleet comprises of electric and hybrid vehicles, working with drivers to reduce idle time, and installing telematics and fuel efficiency technology to reduce vehicle emissions |
| Sky became the first carbon neutral media company in 2006 and in February 2020 announced plans to go net zero carbon by 2030 across its entire value chain. Sky’s Science Based Targets initiative (SBTi)-approved plan includes cutting emissions created from the use of its products, its suppliers across the world, and by its business by 50%, and investing in natural carbon sinks to absorb the emissions it has not cut yet to reach net zero by 2030 | - In 2021, Sky Glass was introduced as the world’s first TV certified as a CarbonNeutral® product - All U.K.-commissioned Sky productions have been carbon neutral since 2019, and all Sky Sports U.K. host outside broadcasts have been carbon neutral since January 2021. Sky Sports News channel has also now become a carbon neutral production. |
| Comcast is developing a comprehensive, multiyear plan to allocate $100 million to fight injustice and inequality against any race, ethnicity, gender identity, sexual orientation or ability. There will be $75 million in cash and $25 million in media that will be distributed over the next three years (2021, 2022, 2023) | Comcast donated; - $463M on average cash/in-kind to communities per year since 2018 - $4M on average to organisations led by and serving women - $31M in 2020 to organizations led by and serving people of colour, which is almost twice as much as in 2018 - In November 2020, joined the Reboot Representation Tech Coalition as an executive member to help advance the organization’s work. The member companies have collectively pledged $21 million to create pathways that support women of color pursuing tech careers - Supporting military employees and communities - $184M Total cash and in-kind contributions since 2011 - $12.5M Public service announcement (PSA) allocation to national military community support organizations - 50+ Military community organizations supported, including total cash and in-kind giving |
