Cox Enterprises said Monday it will commit $25 million to sustainable companies and technologies as part of the Clinton Global Initiative.
Alex Taylor, executive vice president of strategic investments at Cox, announced the plans in conjunction with a Clinton Global Initiative meeting in Atlanta.
“Cox Enterprises has aggressive sustainability goals. We believe it’s not only smart for the environment, but it’s also good business,” Taylor said. “Our focus on the long-term demands that we protect our resources and leave the world in better condition than we found it.”
Atlanta-based Cox said the “commitment to action” will be implemented by actively identifying sustainability initiatives through its Corporate Strategy and Investments and Cox Conserves teams. Cox said its goal for the investment is to divert 3,000 tons of waste from landfill and prevent 20,000 tons of carbon from entering the environment.
The Cox money will help bring concepts to scale and provide backing for further innovation, the company said. Cox Enterprises is a broadband communications, automotive services and media company whose holdings include The Atlanta Journal-Constitution.
The Clinton Global Initiative was formed in 2005 by former President Bill Clinton. It brings together leaders from the business, philanthropic, nonprofit, and government sectors to develop solutions that support economic growth, competitiveness and social mobility in the United States.
To date, the initiative says it has generated 500 commitments to action, each one a specific and measurable plan to support growth and economic opportunity.
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