Cogeco Communications Inc. Ranked Among Corporate Knights’ 2018 Best 50 Corporate Citizens in Canada
June 13, 2018 --
MONTREAL, June 13, 2018 (GLOBE NEWSWIRE) -- Cogeco Communications Inc. (TSX:CCA) is pleased to announce that it has been named to Corporate Knights’ 2018 Best 50 Corporate Citizens in Canada. The company holds the 33rd spot in this highly-regarded ranking. Cogeco Communications was analyzed together with 232 large Canadian organizations against Canadian and global industry peers, measuring social and environmental performance and corporate governance. The methodology is based on 17 key performance indicators covering resources, employees, financial management, clean revenue and supplier performance.
This ranking takes into consideration all Canadian publicly listed corporations with at least $1 billion in annual revenues, the 10 largest Canadian cooperatives and all Canadian privately owned organizations with annual revenues of at least $1 billion and evidence of sustainability reporting. All industries and geographies are considered.
Cogeco Communications’ position in this ranking underscores its efforts in integrating the best Corporate Social Responsibility (CSR) practices into its initiatives. “We are very honoured to receive this recognition. In the past we were recognized in Corporate Knights’ The Future 40 Responsible Corporate Leaders, which ranks companies with less than $1 billion in revenues. The fact that we now rank as one of the best 50 corporate citizens in Canada demonstrates that we have been able to achieve economic growth while operating in a sustainable way,” stated Elizabeth Alves, Vice President, Internal Audit and Risk Management at Cogeco Inc., who leads corporate social responsibility efforts at Cogeco Communications. “We designed a CSR program aimed at operating responsibly and being a model of good corporate citizenship. This recognition confirms that we are on the right path and motivates us to further continue strengthening our social, environmental and governance practices.”
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The company’s Corporate Social Responsibility Policy and Code of Ethics are the foundation of its social responsibility framework. Its fourth CSR report, issued in January 2018, is produced according to the Global Reporting Initiative’s guidelines. To learn more about Cogeco Communications Inc.’s objectives, initiatives and performance in the areas of corporate social responsibility, please consult its report, available in the social responsibility section of its corporate website at the following address: http://corpo.cogeco.com/cgo/application/files/7215/1568/2699/COGECO_CSR_REPORT_2017.pdf.
Corporate Knights’ methodology used in the selection of The Best 50 Corporate Citizens in Canada ranking can be found at http://www.corporateknights.com/reports/2018-best-50/2018-best-50-methodology-15156138/.
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