Cogeco Sustainability Profile
Cogeco Communications Inc., commonly known as Cogeco, is a prominent telecommunications and media company headquartered in Canada. Established in 1957, Cogeco has grown to become a key player in the industry, primarily serving Ontario and Quebec. The company offers a diverse range of services, including high-speed internet, digital television, and telephony, distinguished by its commitment to customer service and innovative technology. With a strong market position, Cogeco has achieved notable milestones, such as expanding its fibre-optic network to enhance connectivity for residential and business customers. The company is recognised for its competitive pricing and reliable service, making it a preferred choice for many Canadians seeking quality telecommunications solutions. As a forward-thinking organisation, Cogeco continues to adapt to the evolving digital landscape, ensuring it meets the needs of its customers effectively.
DitchCarbon Score
How does Cogeco's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Telecommunications Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cogeco's score of 65 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cogeco's reported carbon emissions
In 2023, Cogeco reported total carbon emissions of approximately 201,036,000 kg CO2e. This figure includes 12,528,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 13,133,000 kg CO2e from Scope 2 emissions related to purchased electricity. The majority of their emissions, about 175,376,000 kg CO2e, fall under Scope 3, which encompasses indirect emissions from their value chain. Cogeco has set ambitious climate commitments, aiming for net zero emissions by 2050. They have also established near-term targets, including a 65% reduction in absolute operational emissions by 2030, which applies to both Scope 1 and Scope 2 emissions. Additionally, they are targeting a 30% reduction in emissions from the use of their sold products by 2030, covering both upstream and downstream Scope 3 emissions. In comparison, their total emissions in 2022 were approximately 167,934,000 kg CO2e, indicating a year-on-year increase in emissions. The company has previously committed to reducing greenhouse gas emissions by 10% by 2020 on a per revenue basis, based on fiscal 2014 emissions. Cogeco's emissions data is sourced from Cogeco Communications Inc., and they actively participate in initiatives such as the CDP and the RE100. Their ongoing efforts reflect a commitment to sustainability and climate action within the telecommunications industry.
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| 2014 | 2015 | 2016 | 2017 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,896,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 49,998,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 3 | 1,614,000 | 0,000,000 | 000,000 | 000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 |
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Cogeco's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cogeco has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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