Receives Prince of Wales’ Terra Carta Seal
MONTREAL — Cogeco announced today it has been awarded the inaugural Terra Carta Seal from His Royal Highness The Prince of Wales’ Sustainable Markets Initiative (SMI), in recognition of the telecom company’s sustainable business initiatives.
Cogeco is one of 44 companies worldwide to receive the 2021 Terra Carta Seal, “which recognises global companies that are driving innovation and demonstrating their commitment to, and momentum towards, the creation of genuinely sustainable markets,” reads a Cogeco press release.
The seal is awarded to companies whose ambitions are aligned with the Terra Carta (Earth Charter), “a recovery plan for Nature, People and Planet”, which SMI launched in January 2021.
“This recognition demonstrates the importance Cogeco gives to a sustainable future,” says the company’s press release. “Recently, Cogeco announced its goal of achieving net-zero emissions by 2050. Moreover, Cogeco was the first telecommunications company in Canada to have its targets approved by the Science Based Targets initiative (SBTi). These targets, which include a 65% reduction in emissions from its operations by 2030 (compared to 2019 levels), illustrate Cogeco’s leadership and its commitment to the environment.
“In addition, as part of its global climate ambitions, Cogeco has joined corporate leaders representing more than $3.6 trillion in market capitalization in signing the ‘Business Ambition for 1.5°C’ commitment.”
Other initiatives demonstrating Cogeco’s commitment to fighting climate change include “the voluntary disclosure of our climate impact and greenhouse gas emissions through the global disclosure system run by the internationally recognized organization CDP, for which Cogeco received a score of A- in 2020, as well as the implementation of our corporate social responsibility program, which encompasses a number of initiatives aimed at optimally managing our environmental footprint,” the release says.
“Cogeco is very honoured to be among the first global recipients of the Terra Carta Seal. Making a positive and sustainable impact on the communities we serve, on our employees and on our planet is part of Cogeco’s culture,” said Philippe Jetté, president and CEO of Cogeco, in the release.
“Cogeco is committed to decarbonization leadership. By enabling the digital economy and by committing to green our operations with renewable energy and fleet electrification, we ensure that our customers can enjoy high quality services in a way that supports the transition to a low-carbon economy.”
Speaking about the purpose of the award, the Prince of Wales is quoted as saying: “The Terra Carta Seal recognizes those organizations which have made a serious commitment to a future that is much more sustainable, and puts Nature, People and the Planet at the heart of the economy. We all need to make changes if we are to preserve the planet for our children and grandchildren and these businesses have pledged to make it easier for us all to do so.”
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