Liberty Global Releases People Planet Progress Report 2023
August 13 2024 - 9:00AM
Business Wire
‘Growing for Good’ Report Highlights Performance Against
Liberty Global's Sustainability and Social Impact Priorities During
the First Year of its ‘People Planet Progress’ Strategy
Liberty Global Ltd. (Liberty Global) (NASDAQ: LBTYA, LBTYB and
LBTYK) has released its annual People Planet Progress report for
2023, demonstrating its steadfast commitment to fostering
inclusivity, sustainability and responsibility across its business.
Highlights include women constituting 44 percent of the workforce
in Liberty Global Netherlands, UK and US as well as a 28 percent
decrease in carbon emissions (Scope 1 & 2)* since 2019.
Liberty Global launched its People Planet Progress strategy last
year, aligning its existing sustainability and social impact
priorities across the business. It also joined the UN Global
Compact, the Joint Alliance for CSR and the Sustainable Markets
Initiative to build transparency and help amplify its commitments
in the field of sustainability.
Building on the three pillars of People, Planet and Progress,
highlights from the report include:
People
- Over 225,000 people benefited from affordable connectivity
packages provided by Telenet and VMO2.
- Women constituted 44 percent of the workforce in Liberty Global
Netherlands, UK and US. This means that Liberty Global is on track
to meet its end-of-year 2025 ambition for its workforce to be made
up of 45 percent women by 2025.
- 1.9 million people positively impacted by VMO2 and
VodafoneZiggo programs and partnerships to help build digital
skills.
- 15,000+ hours volunteered by employees of Liberty Global and
consolidated subsidiaries.
Planet
- 28 percent reduction in direct carbon emissions (Scope 1 &
2)* since 2019.
- 92 percent renewable electricity procured across Liberty’s
consolidated group.
- 600,000+ devices refurbished for a second life, with new
entertainment and connectivity boxes made from 100% recycled
plastics.
- Continued support as a co-founder of the European Green Digital
Coalition
Progress
- Launched SustainEd webinar series to educate employees on
sustainability topics.
- Increased CDP rating (formerly Carbon Disclosure Project) to a
B grade, demonstrating commitment to climate action.
- Joined the UN Global Compact (UNGC), aligning Liberty Global
with universal sustainability principles.
*Scope 1 and 2 across the Liberty Global consolidated group
since 2019. Scope 1 emissions are direct greenhouse gas (GHG)
emissions that occur from sources that are controlled or owned by
an organization (e.g. emissions associated with fuel combustion in
boilers, furnaces, vehicles). Scope 2 emissions are indirect GHG
emissions associated with the purchase of electricity, steam, heat,
or cooling, computed using a market-based methodology.
Mike Fries, CEO, Liberty Global, commented: “In the first
year of our People Planet Progress strategy, I’m proud that we are
already making a positive impact on some of the most critical
issues facing society, our communities and the environment. Our
commitment to ingrain sustainability and social impact into every
part of our business stretches from the 100 percent recycled
plastics in our entertainment and connectivity products to helping
to bridge the digital divide with hundreds of thousands of
customers benefitting from our affordable connectivity packages.
The report showcases our track record of innovation as well as our
purpose driven mindset, which helps us to focus on the matters that
impact today and shape the opportunities of our future.”
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is a world
leader in converged broadband, video and mobile communications
services. We deliver next-generation products through advanced
fiber and 5G networks, and currently provide over 85 million*
connections across Europe. Our businesses operate under some of the
best-known consumer brands, including Sunrise in Switzerland,
Telenet in Belgium, Virgin Media in Ireland, UPC in Slovakia,
Virgin Media-O2 in the U.K. and VodafoneZiggo in The Netherlands.
Through our substantial scale and commitment to innovation, we are
building Tomorrow’s Connections Today, investing in the
infrastructure and platforms that empower our customers to make the
most of the digital revolution, while deploying the advanced
technologies that nations and economies need to thrive.
Liberty Global's consolidated businesses generate annual revenue
of more than $7 billion, while the VMO2 JV and the VodafoneZiggo JV
generate combined annual revenue of more than $18 billion.**
Liberty Global Ventures, our global investment arm, has a
portfolio of more than 75 companies and funds across the content,
technology and infrastructure industries, including stakes in
companies like ITV, Televisa Univision, Plume, AtlasEdge and the
Formula E racing series.
* Represents aggregate consolidated and 50% owned
non-consolidated fixed and mobile subscribers. Includes wholesale
mobile connections of the VMO2 JV and B2B fixed subscribers of the
VodafoneZiggo JV.
** Revenue figures above are provided based on full year 2023
Liberty Global consolidated results and the combined as reported
full year 2023 results for the VodafoneZiggo JV and full year 2023
U.S. GAAP results for the VMO2 JV.
Sunrise, Telenet, the VMO2 JV and the VodafoneZiggo JV deliver
mobile services as mobile network operators. Virgin Media Ireland
delivers mobile services as a mobile virtual network operator
through third-party networks. UPC Slovakia delivers mobile services
as a reseller of SIM cards.
Liberty Global Ltd. is listed on the Nasdaq Global Select Market
under the symbols "LBTYA", "LBTYB" and "LBTYK".
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version on businesswire.com: https://www.businesswire.com/news/home/20240812123995/en/
For more information, please visit www.libertyglobal.com or
contact:
Investor Relations Michael Bishop +44 20 8483 6246
Bethany Cannon +44 7714 657 776
Corporate Communications Bill Myers +1 303 220 6686 Matt
Beake +44 20 8483 6428
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