Cogeco

Cogeco, a Canadian post and telecommunication services provider, reported total carbon emissions of approximately 201,036,000 kg CO2e in 2023. This includes 12,528,000 kg CO2e from Scope 1 emissions (mobile combustion), 13,133,000 kg CO2e from Scope 2 emissions (purchased electricity), and 175,376,000 kg CO2e from Scope 3 emissions.

For 2022, Cogeco's total emissions were approximately 167,934,000 kg CO2e, comprising 12,463,000 kg CO2e in Scope 1, 17,434,000 kg CO2e in Scope 2, and 138,037,000 kg CO2e in Scope 3. In 2019, the company's total emissions were approximately 244,324,000 kg CO2e, with 15,560,000 kg CO2e from Scope 1, 26,437,000 kg CO2e from Scope 2, and 202,327,000 kg CO2e from Scope 3.

Cogeco has set ambitious climate commitments validated by the Science Based Targets initiative (SBTi). The company aims to achieve net-zero greenhouse gas emissions across its value chain by FY2050.

Near-term targets include a 65% absolute reduction in Scope 1 and 2 GHG emissions by FY2030 from a FY2019 base year. Additionally, Cogeco commits to a 30% absolute reduction in Scope 3 GHG emissions from employee commuting and downstream leased assets within the same timeframe, and a 40% absolute reduction in Scope 3 GHG emissions from purchased goods and services, capital goods, and upstream transportation and distribution by FY2035 from a FY2019 base year.

For long-term targets, Cogeco commits to a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050 from a 2019 base year, alongside a 90% absolute reduction in Scope 3 GHG emissions within the same timeframe. These targets are consistent with keeping global warming to 1.5°C. Cogeco also previously aimed to reduce GHG emissions by 10% by 2020 on a per revenue basis, using 2014 as the baseline year for both Scope 1 and Scope 2 emissions.