Liberty Worldwide Identified for Sustainability Leadership | Business & Finance

The recognition capped a 7 days which also noticed the start of a new ‘Green Bond’ from VodafoneZiggo and Liberty Global’s new 4K Mini Tv Box successful the sustainability category at this year’s Digital Tv set Europe’s Video Tech Innovation Awards. In addition, Liberty International has joined a find group of corporations with Science-centered Targets to stop the consequences of climate improve, a 4-12 months method culminating in evaluation and acceptance by the Science-based Focus on Initiative (SBTi) last month.

Mike Fries, CEO, Liberty Worldwide reviews: ‘The milestones we’ve passed this past thirty day period show the extent to which sustainability is ingrained in our organization. From launching the 1st superior-yield Green Bond because 2018 to finance a full range of eco-friendly tasks, to introducing extensive-time period objectives on carbon emissions, we are fully commited to operating in a sustainable, environmentally responsible way.’

CDP Worldwide Management Standing

The CDP World wide survey, which requests data on local climate improve impacts and carbon emissions from some of the world’s largest firms, awarded Liberty a rating of A-, corresponding to Management level status. Liberty World-wide was specifically recommended for its general performance on energy consumption and Scope 1 1 and 2 2 carbon emissions.

The final results from CDP Worldwide – an international not-for-earnings business that runs a global disclosure technique for investors, companies and locations to assistance take care of environmental impacts – observe just a few months after Liberty Global was nonetheless yet again named one particular of the world’s most sustainable companies as a result of its inclusion in the influential Dow Jones Sustainability Entire world index for the eighth 12 months. The company also showcased in the North American index for the ninth consecutive year.

Liberty Worldwide was concerned earlier this month in the start of the very first Eco-friendly Bond from VodafoneZiggo, its Joint Venture in the Netherlands. The bond, which is the first at any time higher yield Green Bond to be issued by a organization outside the renewable vitality area, was properly released and priced on Monday 7 th December.

The Green Bond will be applied to finance initiatives that assistance VodafoneZiggo’s transition toward very low-carbon, local weather-resilient advancement in places such as renewable vitality, energy efficiency, thoroughly clean transportation, eco-effective merchandise, know-how and procedures and eco-friendly structures.

Liberty Global’s new Mini Television set Box, made in-residence by engineers at Liberty Global and created by CommScope, has been awarded top rated prize in the sustainability classification at the Digital Television Europe’s Video clip Tech Innovation Awards.

The established-best box, Liberty Global’s greenest at any time, delivers a earth-class viewing knowledge when dramatically reducing strength use and use of plastics. Combining innovation with sustainability, the established top box is made from 35% recycled plastic and doesn’t use any solitary-use plastic in its casing. Furthermore, the 4K Mini Tv Box cuts down electricity consumption by 77% in comparison to preceding established prime packing containers and has a optimum electricity use of below 5W, even when viewing 4K information.

NEW SCIENCE-Dependent TARGETS

Liberty World wide made Science-based mostly Targets to lessen carbon emissions in alignment with the 2015 Paris Agreement. Working in partnership with the Science-centered Concentrate on Initiative (SBTi), the company has committed to reducing its Scope 1 and 2 emissions by a least of 50% by 2030 and 80% by 2050, as properly as Scope 3 3 emissions by 50% by 2030. The start usually means that Liberty International is now just one of only 534 organizations worldwide with accredited Science-based Targets through the SBTi.

Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is a person of the world’s primary converged video clip, broadband and communications organizations, with operations in 7 European international locations beneath the shopper manufacturers Virgin Media, Telenet, UPC, the put together Dawn UPC, as effectively as VodafoneZiggo, which is owned by way of a 50/50 joint venture. Our sizeable scale and motivation to innovation permit us to spend in the infrastructure and electronic platforms that empower our customers to make the most of the electronic revolution.

Liberty Worldwide provides current market-primary items by means of subsequent-era networks that connect clients subscribing to 50 million broadband, online video, fastened and cellular telephony services throughout our brands. We also have major investments in ITV, All3Media, ITI Neovision, LionsGate, the Formula E racing collection and quite a few regional sporting activities networks.

1 Direct emissions as a result of use of assets owned by an entity/company

2 Oblique emissions as a result of pursuits by assets owned or managed by an entity/business, although vitality by itself is ordered from a 3rd-party, these kinds of as electric power invest in from a utility supplier

3 Indirect emissions as a end result of things to do from belongings not owned or controlled by a firm/ entity but impacts in its offer chain

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PUB: 12/20/2020 11:00 PM/DISC: 12/20/2020 11:01 PM