ATLANTA, June 13, 2016 /PRNewswire/ -- Cox Enterprises today announced a Clinton Global Initiative (CGI) Commitment to Action to invest $25 million in sustainable companies and technologies by 2020. The Commitment to Action was announced onstage at the 2016 CGI America meeting by Alex Taylor, Cox Enterprises' executive vice president of strategic investments. A defining feature of CGI, Commitments to Action are new, specific and measurable plans that support increased economic growth and opportunity.
"Cox Enterprises has aggressive sustainability goals. We believe it's not only smart for the environment, but it's also good business," said Taylor. "Our focus on the long-term demands that we protect our resources and leave the world in better condition than we found it."
The commitment will be implemented by actively identifying sustainability initiatives through Cox Enterprises' Corporate Strategy and Investments and Cox Conserves teams. Through this commitment, Cox Enterprises seeks to divert 3,000 tons of waste from landfill and prevent 20,000 tons of carbon from entering the environment.
Cox Enterprises' financial support will help bring concepts to scale and provide backing for further innovation in the sustainability space. The organizations will have the opportunity to learn best practices from Cox Enterprises' sustainability experts and potentially pilot their technologies within one or more of the Cox companies.
The company launched Cox Conserves in 2007 and has prevented 65,000 tons of carbon from entering the environment, diverted 6,000 tons of waste from landfill and conserved 55 million gallons of water. Cox Conserves is a holistic program that also engages the company's employees, customers, suppliers and community partners.
Through Cox Conserves, the company seeks to send zero waste to landfill by 2024 and be carbon and water neutral by 2044.
About Cox Enterprises:
Cox Enterprises is a leading communications, media and automotive services company. With revenues of $18 billion and approximately 55,000 employees, the company's major operating subsidiaries include Cox Communications (cable television distribution, high-speed Internet access, telephone, home security and automation, commercial telecommunications and advertising solutions); Cox Automotive (automotive-related auctions, financial services, media and software solutions); and Cox Media Group (television and radio stations, digital media, newspapers and advertising sales rep firms).
The company's major national brands include Autotrader, Kelley Blue Book, Manheim, Savings.com and Valpak. Through Cox Automotive, the company's international operations stretch across Asia, Australia, Europe and Latin America. To learn more about Cox's commitment to people, sustainability and our communities, please visit CoxCSRReport.com.
About Clinton Global Initiative (CGI) America:
Clinton Global Initiative (CGI) America brings together leaders from the business, philanthropic, nonprofit, and government sectors to develop solutions that encourage economic growth, support long-term competitiveness, and increase social mobility in the United States. CGI America's annual convening is designed to be a working meeting that promotes collaboration. Each CGI America participant makes a Commitment to Action: a new, specific, and measurable plan that supports increased economic growth and opportunity. To date, CGI America participants have made more than 500 commitments, which have improved the lives of nearly 2.4 million people.
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SOURCE Cox Enterprises