Comcast green bond promotes faithful stewardship

Praxis invests in impact bonds that help finance measurable environmental and social outcomes

Fixed-income investing |
Xfinity truck

Overview

  • The Praxis Impact Bond Fund invests in bonds that seek competitive financial returns while supporting measurable environmental and social impact.
  • Comcast's green bond finances projects in renewable energy, energy efficiency, green buildings, clean transportation, and circular economy initiatives as part of the company's sustainability strategy.
  • According to Comcast's 2024 Green Bond Report, $955 million of proceeds were fully allocated to eligible projects, supporting reduced emissions, lower energy consumption, green building development, and waste diversion.
  • This investment highlights how green bonds can advance environmental stewardship while aligning with the Praxis Funds Stewardship Investing philosophy.

The Praxis Impact Bond Fund strives to create positive change by investing in positive impact bonds. One green bond in the portfolio, issued by Comcast, is funding responsible stewardship of natural resources through numerous strategies.

Comcast is a worldwide media and technology company, providing services such as Xfinity cable and Wi-Fi, broadcasting NBC networks, and welcoming guests into their Universal Studios theme parks.

Comcast's Green Financing Framework determined how the funds could be used to for eligible projects relating to renewable energy, energy efficiency, green buildings, clean transportation, and circular economy. The framework additionally describes Comcast’s goal to reach carbon neutrality by 2035.

According to Comcast's 2024 Green Bond Report, the $955 million in proceeds were fully allocated to eligible green projects. These proceeds generated impact by numerous measures, such as:

  • 1.2 million sq feet new or expected certified green real estate
  • 84,000 metric tons of waste diverted from landfills
  • 1,200 mtCO2e annual GHG emissions reduced
  • 13,600 MWh annual reduction in energy consumption
  • 300 mtCO2e annual GHG emissions avoided (renewable energy)

Several highlighted projects include LEED certified buildings constructed at Universal Studios, limiting the usage of fossil fuels while building the Sky Innovation Centre, and purchasing electric vehicles for Hollywood Studio tours and shuttle buses.

The Praxis Impact Bond Fund invests in many bonds that finance impactful projects around the world. These bonds receive competitive financial returns, and have a clear, direct impact on the world. Investments include renewable energy projects, green bonds, low-income housing, education, social bonds and more.

Learn more about how our Stewardship Investing philosophy guides this fund here.

How we invest

At Praxis, our investments generate a competitive financial return and deliver a clear and direct benefit to people and our planet.

 

Disclosure

As of May 31, 2026, the Praxis Impact Bond Fund has invested 0.15% of its assets in the Comcast Green Bond. Fund holdings are subject to change. To obtain holdings as of the most previous quarter, visit praxisinvests.com.

Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.

The Fund’s investment strategy could cause the fund to sell or avoid securities that may subsequently perform well.

You should consider the fund’s investment objectives, risks, sales charges and expenses carefully before you invest. The fund’s prospectus and summary prospectus contain this and other information. Please read them carefully before you invest.

Investment products are not FDIC insured, may lose value, and have no bank guarantee. Praxis Mutual Funds are advised by Praxis Investment Management, Inc. and distributed through Foreside Financial Services, LLC.