Comcast

Business Context

• Comcast expanded its converged broadband and wireless footprint with 275,000 new passings of homes and businesses in Q1 2025.
• Accelerated footprint expansion to 1.2 million homes passed per year, underpinned by long-term competitive positioning against fiber.
• Purchased electricity powers global operations including facilities, data centers, and theme parks, as well as the network infrastructure.
• Epic Universe theme park opening May 2025, with $150 million in pre-opening costs; cable plant upgrades with mid-split technology covering half the footprint by end of year.

Commitments

• Carbon neutral by 2035 for Scope 1 and 2 emissions across global operations.
• SBTi-approved target to reduce absolute Scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year.
• Committed to reduce absolute Scope 3 GHG emissions 27.5% by 2030 within the same timeframe.

Energy Strategy

A utility-scale solar buildout concentrated in 2022–2023, with three PPAs totaling 333 MW anchored by long-term offtake agreements with Constellation.

• Signed a 15-year agreement with Constellation in 2023 for 70 MW from the Gravel Pit Solar project in Connecticut, powering approximately 43% of New England operations.
• The 250 MW Blue Sky Solar PPA in Illinois, signed in 2022, represents the portfolio's largest single commitment and reduces emissions by approximately 360,000 mtCO2e annually.
• By 2023, contracted 1.2 million MWh per year from wind and solar agreements, representing roughly 25% of projected 2026 energy load.
• All three tracked deals are solar PPAs with utility or developer counterparties; no nuclear, wind, or geothermal deals recorded, distinguishing the portfolio from peers pursuing diversified technology mixes.