ESG at Cogeco
At Cogeco, we take immense pride in pursuing our sustainability agenda through the implementation of the best ESG practices. We strive to build a more sustainable and inclusive future through an ESG strategy aimed at operating responsibly and being a good corporate citizen. This strategy includes commitments centered on the key levers of reducing our environmental footprint, implementing strong governance practices, and supporting our key stakeholders. We track our ESG progress on an ongoing basis through key performance indicators that are reviewed regularly to ensure relevance. These performance indicators cover 100% of our operations, unless otherwise stated.
See how Cogeco is investing in our planet.
2020-2021 Sustainability highlights
First Canadian
telecommunications
company with an
approved science-
based emissions
reduction target.
25%
of energy consumed
was from renewable
sources, representing
a 51% increase
vs 2019.
23%
reduction in
scopes 1 and 2
emissions since F19,
on track to achieve our
65% reduction target
by 2030.
Over the last two years, our frequency of lost-time
accidents per 200,000 hours
worked was well
below the industry average
in the jurisdictions where we operate.
35% women in
managerial positions
and above.
Commitment to diversity
and inclusion unveiled and
establishment of a Diversity
and Inclusion Leadership
Committee.
Employee
engagement
increased by
31%
in FY21
compared
to FY19.
2.9%
of our pre-tax
profit donated
in FY21 representing
$16,7M in cash
and in-kind
donations.
$77.3M
in network investments
deployed to help
close the digital
divide in underserved
and unserved
communities in FY20
and FY21.
Third-Party
Risk Assessment
data security process review completed along
with the development of
a risk registry and
supporting processes.
Increased frequency of
cybersecurity vulnerability
testing.
60% of Board members
(considering the
members of both the
Boards of Cogeco Inc.
and Cogeco
Communications Inc.)
are from designated
groups.
(47% women,
7% visible minorities
and 7% persons with a disability)
Customer satisfaction, along with
employee engagement,
and health and
safety results,
included
in the variable
compensation
of executives.
Taking urgent action to limit the impacts of climate change
Cogeco is proud to be the first telecommunications company in Canada to have targets approved by the Science Based Targets initiative (SBTi). In addition, Cogeco has joined with business leaders representing over $23 trillion in market capitalization to sign the Business Ambition for 1.5°C pledge, an urgent call to action to limit the worst impacts of climate change. This commitment includes setting a target to achieve net zero emissions across our entire value chain by 2050.