"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.
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