Cogeco Releases Annual ESG & Sustainability Report
Cogeco Inc. and Cogeco Communications Inc. have released their seventh annual ESG and Sustainability Report, outlining their initiatives, performance, and commitments towards environmental, social, and governance (ESG) goals to promote sustainable and inclusive growth.
The report was created in accordance with the Global Reporting Initiative and Sustainability Accounting Standards Board's international standards.
"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 continuing to lead the way towards a better and more sustainable future for all," said Philippe Jetté, President and Chief Executive Officer, Cogeco.
Here are the sustainability highlights showcasing Cogeco's performance over the past year:
The corporation has made significant progress on various environmental initiatives aimed at supporting its near-term emissions reduction targets, as approved by the Science-Based Targets Initiative (SBTi). This includes efforts to reduce its fleet of vehicles, purchase electric and hybrid vehicles, invest in renewable energy, and encourage its customers to use more energy-efficient products.
Cogeco has continued to make progress on its ambitious broadband network expansion programme aimed at bridging the digital divide between urban and less populated areas as part of its social impact initiatives. Additionally, the company has focused on key initiatives aimed at engaging its teams and promoting diversity and inclusion by establishing three new Employee Resource Groups.
From a governance perspective, Cogeco is committed to responsible and ethical business management. The company has enhanced its governance structures and processes to ensure that ESG and sustainability considerations are embedded into its core business strategy and decision-making. It has also incorporated sustainability performance metrics into executive pay and formalised specific objectives related to Board diversity that are deemed important for ongoing focus.
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Click here to read or download the full report