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Virgin Media Inc (NASDAQ:VMED) publishes first Corporate Responsibility Report

Published 06-27-08

Issued by Virgin Media

Summary

The report explains how the company has started its journey towards becoming a more responsible business

Report Highlights

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Virgin Media has launched its first Corporate Responsibility (CR) Report which can be downloaded from its website at: www.virginmedia.com/about/cr/report.php

The report explains how Virgin Media has started its journey towards becoming a more responsible business. It contains details on how it’s using its Virgin values and behaviours to understand its fundamental responsibilities to its key stakeholders and the need to embed CR across all of its business operations.

Focusing closely on the impact of its products and people, the company has identified a number of key issues around which it is developing its CR programme. These include:

Developing and sustaining effective relationships with employees, customers and suppliers
Being a responsible service provider
Managing environmental impact
Understanding how to support local communities

An account is given of progress already achieved in these areas as well as a candid assessment of what now needs to be done to improve performance. Details are also provided of how the company intends to test and validate its assumptions with its stakeholders, establish stronger governance of the CR agenda and develop greater rigour and quantification in its approach to performance measurement.

In acknowledging that it is at the start of its CR journey, Virgin Media is keen to glean feedback from all of its stakeholders on the detail contained in its report and the overall approach it’s taking to CR.

Please send your feedback, or requests for a hard copy of the report, to cr@virginmedia.co.uk.

For an overview of Virgin Media's approach to CR please visit www.virginmedia.com/about/cr

Virgin Media is a Nasdaq-listed, UK entertainment and communications company with around 10 million customers.  The company employs just over 15 000 people, across approximately 700 UK sites, and is a leading provider of a 'quad play' of services - fibre optic, cable broadband; digital TV; fixed-line phone and mobile

Virgin Media

Virgin Media

Virgin Media is the first provider of all four broadband, TV, mobile phone and home phone services in the UK. The company delivers ultrafast broadband connections to over half of all UK homes, with speeds of up to 100Mb, and is expanding this cable network - the result of a multi-billion pound investment - to reach thousands more people across the country. Virgin Media has developed the most advanced interactive television service, bringing together broadcast TV, thousands of hours of on demand programming and the best of the web in a single set-top box powered by TiVo. The company was the first to offer HD TV and 3D on demand to millions of UK households. Virgin Media also operates the most popular virtual mobile network in the UK which, when launched, was the world’s first such mobile phone service. It is also one of the largest fixed-line home phone providers in the country. Virgin Media Inc. is listed on the NASDAQ Stock Market and the London Stock Exchange (VMED). For more information, go to Virgin Media is the first provider of all four broadband, TV, mobile phone and home phone services in the UK. The company delivers ultrafast broadband connections to over half of all UK homes, with speeds of up to 100Mb, and is expanding this cable network - the result of a multi-billion pound investment - to reach thousands more people across the country. Virgin Media has developed the most advanced interactive television service, bringing together broadcast TV, thousands of hours of on demand programming and the best of the web in a single set-top box powered by TiVo. The company was the first to offer HD TV and 3D on demand to millions of UK households. Virgin Media also operates the most popular virtual mobile network in the UK which, when launched, was the world’s first such mobile phone service. It is also one of the largest fixed-line home phone providers in the country. Virgin Media Inc. is listed on the NASDAQ Stock Market and the London Stock Exchange (VMED). For more information, go to www.virginmedia.com.

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