Liberty Global Releases People Planet Progress Report 2023
‘Growing for Good’ Report Highlights Performance AgainstLiberty Global's Sustainability and Social Impact Priorities Duringthe First Year of its ‘People Planet Progress’ Strategy
Liberty Global Ltd. (Liberty Global) (NASDAQ: LBTYA, LBTYB andLBTYK) has released its annual People Planet Progress report for2023, demonstrating its steadfast commitment to fosteringinclusivity, sustainability and responsibility across its business.Highlights include women constituting 44 percent of the workforcein Liberty Global Netherlands, UK and US as well as a 28 percentdecrease in carbon emissions (Scope 1 & 2)* since 2019.
Liberty Global launched its People Planet Progress strategy lastyear, aligning its existing sustainability and social impactpriorities across the business. It also joined the UN GlobalCompact, the Joint Alliance for CSR and the Sustainable MarketsInitiative to build transparency and help amplify its commitmentsin 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 connectivitypackages provided by Telenet and VMO2.
- Women constituted 44 percent of the workforce in Liberty GlobalNetherlands, UK and US. This means that Liberty Global is on trackto meet its end-of-year 2025 ambition for its workforce to be madeup of 45 percent women by 2025.
- 1.9 million people positively impacted by VMO2 andVodafoneZiggo programs and partnerships to help build digitalskills.
- 15,000+ hours volunteered by employees of Liberty Global andconsolidated subsidiaries.
Planet
- 28 percent reduction in direct carbon emissions (Scope 1 &2)* since 2019.
- 92 percent renewable electricity procured across Liberty’sconsolidated group.
- 600,000+ devices refurbished for a second life, with newentertainment and connectivity boxes made from 100% recycledplastics.
- Continued support as a co-founder of the European Green DigitalCoalition
Progress
- Launched SustainEd webinar series to educate employees onsustainability topics.
- Increased CDP rating (formerly Carbon Disclosure Project) to aB grade, demonstrating commitment to climate action.
- Joined the UN Global Compact (UNGC), aligning Liberty Globalwith universal sustainability principles.
*Scope 1 and 2 across the Liberty Global consolidated groupsince 2019. Scope 1 emissions are direct greenhouse gas (GHG)emissions that occur from sources that are controlled or owned byan organization (e.g. emissions associated with fuel combustion inboilers, furnaces, vehicles). Scope 2 emissions are indirect GHGemissions associated with the purchase of electricity, steam, heat,or cooling, computed using a market-based methodology.
Mike Fries, CEO, Liberty Global, commented: “In the firstyear of our People Planet Progress strategy, I’m proud that we arealready making a positive impact on some of the most criticalissues facing society, our communities and the environment. Ourcommitment to ingrain sustainability and social impact into everypart of our business stretches from the 100 percent recycledplastics in our entertainment and connectivity products to helpingto bridge the digital divide with hundreds of thousands ofcustomers benefitting from our affordable connectivity packages.The report showcases our track record of innovation as well as ourpurpose driven mindset, which helps us to focus on the matters thatimpact today and shape the opportunities of our future.”
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is a worldleader in converged broadband, video and mobile communicationsservices. We deliver next-generation products through advancedfiber and 5G networks, and currently provide over 85 million*connections across Europe. Our businesses operate under some of thebest-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 arebuilding Tomorrow’s Connections Today, investing in theinfrastructure and platforms that empower our customers to make themost of the digital revolution, while deploying the advancedtechnologies that nations and economies need to thrive.
Liberty Global's consolidated businesses generate annual revenueof more than $7 billion, while the VMO2 JV and the VodafoneZiggo JVgenerate combined annual revenue of more than $18 billion.**
Liberty Global Ventures, our global investment arm, has aportfolio of more than 75 companies and funds across the content,technology and infrastructure industries, including stakes incompanies like ITV, Televisa Univision, Plume, AtlasEdge and theFormula E racing series.
* Represents aggregate consolidated and 50% ownednon-consolidated fixed and mobile subscribers. Includes wholesalemobile connections of the VMO2 JV and B2B fixed subscribers of theVodafoneZiggo JV.
** Revenue figures above are provided based on full year 2023Liberty Global consolidated results and the combined as reportedfull year 2023 results for the VodafoneZiggo JV and full year 2023U.S. GAAP results for the VMO2 JV.
Sunrise, Telenet, the VMO2 JV and the VodafoneZiggo JV delivermobile services as mobile network operators. Virgin Media Irelanddelivers mobile services as a mobile virtual network operatorthrough third-party networks. UPC Slovakia delivers mobile servicesas a reseller of SIM cards.
Liberty Global Ltd. is listed on the Nasdaq Global Select Marketunder the symbols "LBTYA", "LBTYB" and "LBTYK".
View sourceversion on businesswire.com: https://www.businesswire.com/news/home/20240812123995/en/
For more information, please visit www.libertyglobal.com orcontact:
Investor Relations
Michael Bishop +44 20 8483 6246
Bethany Cannon +44 7714 657 776
Corporate Communications
Bill Myers +1 303 2206686
Matt Beake +44 20 8483 6428
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