Cogeco Inc.

Cogeco Inc., a Canadian post and telecommunication services provider, reported Scope 1 emissions of 10,192,000 kg CO2e and Scope 2 emissions of 12,599,000 kg CO2e for 2024. In 2022, the company's total emissions were approximately 167,934,000 kg CO2e, comprising 12,427,116 kg CO2e from Scope 1, 17,465,136 kg CO2e from Scope 2, and 138,041,748 kg CO2e from Scope 3.

Cogeco Inc. has robust climate commitments, with Science Based Targets initiative (SBTi) approved targets. The company is committed to achieving 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 2030 from a 2019 base year.
• A 30% absolute reduction in Scope 3 GHG emissions from employee commuting and downstream leased assets by 2030 from a 2019 base year.
• Ensuring that 50% of its suppliers by spend, covering purchased goods and services and capital goods, have science-based targets by 2025.
• 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 the long term, Cogeco Inc. aims for a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050 from a 2019 base year, and a 90% absolute reduction in Scope 3 GHG emissions within the same timeframe. These targets are consistent with reductions required to limit global warming to 1.5°C.