MONTRÉAL, March 1,
2023 /CNW/ - Today, Cogeco Inc. (TSX: CGO) and Cogeco
Communications Inc. (TSX: CCA) unveiled their seventh ESG and
Sustainability Report, which details their environmental, social
and governance (ESG) commitments, initiatives and performance that
are aimed at driving sustainable and inclusive growth. The report
was prepared using the international standards of the Global
Reporting Initiative and Sustainability Accounting Standards Board
.
"At Cogeco, ESG is the framework that supports our sustainable
business strategy and it is therefore an integral component of our
strategic discussions. We are cognizant of the important role that
corporations must play in addressing the most pressing
environmental, social and economic challenges of our time and are
committed to continue leading the way towards a better and more
sustainable future for all," said Philippe Jetté, President and
Chief Executive Officer, Cogeco.
Driving long-term sustainability and business
resilience
In our continued effort to drive long-term corporate
sustainability and business resilience, Cogeco takes into account
its broader impact on society.
Here are some sustainability highlights showcasing our
performance over the past year:
- On the environmental front, the corporation has made good
progress on various initiatives supporting its near-term emissions
reduction targets that were approved by the Science-Based Targets
Initiative (SBTi). Among other things, we pursued our efforts to
reduce our fleet of vehicles, purchase electric and hybrid
vehicles, invest in renewable energy, and increase the use of more
energy efficient products by our customer base.
- With regards to social impact related initiatives, Cogeco
continued to make progress on delivering on its ambitious broadband
network expansion program to bridge the digital divide between
urban centres and less populated areas. Cogeco also pursued its
focus on key initiatives aimed at fueling highly engaged teams and
made progress on its diversity and inclusion journey through the
establishment of three new Employee Resources Groups.
- Finally, from a governance standpoint Cogeco is committed to
responsible and ethical management of its business and has
continued to enhance governance structures and processes to ensure
ESG and sustainability considerations are embedded into its core
business strategy and decision-making. It incorporated
sustainability performance metrics into executive pay and
formalized the specific objectives from a Board diversity
perspective that are deemed to be important for ongoing focus.
ABOUT COGECO INC.
Rooted in the communities it serves, Cogeco Inc. is a growing
competitive force in the North American telecommunications and
media sectors with a legacy of more than 65 years. Through its
business units Cogeco Connexion and Breezeline (formerly Atlantic
Broadband), Cogeco provides Internet, video and phone services to
1.6 million residential and business customers in Québec and
Ontario in Canada as well as in thirteen states in
the United States. Through Cogeco
Media, it owns and operates 21 radio stations primarily in the
province of Québec as well as a news agency. Cogeco's subordinate
voting shares are listed on the Toronto Stock Exchange (TSX: CGO).
The subordinate voting shares of Cogeco Communications Inc. are
also listed on the Toronto Stock Exchange (TSX: CCA).
SOURCE Cogeco Inc.