Cable Technology Feature Article
Cogeco Cable to Step Up Environmental Practices in 2012
By Rajani Baburajan, TMCnet Contributor
Cogeco Cable, a provider of hybrid fiber coaxial cable operator in Ontario, Quebec and Portugal, announced that it will step up its environmental practices in 2012.
Through its two-way broadband cable networks, Cogeco Cable provides audio, analogue and digital television, as well as HSI and Telephony services to residential customers.
Cogeco Cable will accelerate its recycling programs, reducing energy consumption for both its buildings and vehicle fleet, and developing synergies with suppliers.
The announcement was made by Louis Audet, president and CEO of Cogeco Cable in its 2011 Annual Report to shareholders, according to a press statement.
“In our 2011 Annual Report to shareholders, we made a commitment to publish our first CSR (News - Alert) Report in 2012 and to build it in accordance with Global Reporting Initiative (GRI) guidelines, which are the benchmark in extra-financial reporting,” said Audet.
“A growing number of companies in Canada and around the world report on their CSR performance using the GRI guidelines, and measure their greenhouse gas (GHG) emissions. In so doing, we are taking part in this great movement and demonstrating our transparency as well as an active commitment to these key issues,” Audet added.
In the first Corporate Social Responsibility (CSR) report, Cogeco Cable said it will publish its report on their GHG emissions and carbon management as part of the Carbon Disclosure Project, an independent international initiative encouraging transparency on climate change issues.
Cogeco Cable's CSR Report details the success achieved for several of these initiatives. The company claims that it contributes to communities through salaries and employee benefits, stimulating jobs, donations, sponsorships and collaboration with numerous local organizations.
Recently, Cogeco Cable reported an 8 percent increase in revenue at $356.9 million for the first quarter of fiscal 2012. Operating income before depreciation and amortization has increased by 5.5 percent to $136.6 million when compared to the first quarter of fiscal 2011.
Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.
Edited by Jennifer Russell