First Corporate Responsibility Report – Cogeco Cable
Cogeco is very pleased to present its first GRI Corporate social responsibility report. According to the Global Reporting Initiative (GRI), corporate social responsibility is ‘‘a firm’s accountability to internal and external stakeholders for organizational performance towards the goal of sustainable develop¬ment. ”Under this reporting framework, the analysis of a firm’s performance should include the three dimensions of corporate social responsibility – economic, social and environmental.
Based on our understanding of the GRI guidelines, we believe our corporation is already contributing to sustainable development in many key areas. Supported by an emerging corporate social respon¬sibility management structure and a sound corporate governance framework, we expect to improve our performance going forward in line with the expectations of our stakeholders, our corporate values and our business objectives.
This report provides a comprehensive view of our performance, including many successful initiatives to reduce GHG emissions associated with our vehicle fleet. These and other initiatives had a positive impact on our 2011 financial results. Going forward, we will strive to strike an appropriate balance between our economic, social and environmental objectives. In this regard, we have established objectives in a number of areas and we will track our progress over time.
As a corporation with deep roots in non-metropolitan urban centres and rural areas, we are well aware of our vital role in the social and economic development of the communities we serve. Our contribution takes many forms – salaries and benefits, fulfilling jobs, donations and sponsorships and collaboration with numerous grassroots community organizations, among others. The economic and social performance sections of this report provide an overview of what we bring to local communities and we are proud to share this information.
For the balance of 2012 and into the following year, we will continue to implement the structure and framework for managing corporate social responsibility while pursuing our reduction objectives, notably with regards to GHG emissions and waste.
If you have any comments, questions or suggestions regarding this report, please contact us at CSR-RSE@cogeco.com.