Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Social Achievements

• Corus helped raise $10.3 million for over 225 community giving initiatives and provided over 1,105 volunteer hours to 40 local organizations across Canada in the first quarter.

Climate Goals & Targets

Environmental Challenges

• Continuing uncertain economic conditions, risks and uncertainties, industry trends in advertising spending in media, softness in Television advertising revenue.
• Continued disruptions to consumer behaviour patterns and supply chains impacting advertising demand and spending.

Mitigation Strategies

• Rigorous cost reduction measures
• Conserving cash

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Responsibility

Environmental Achievements

• 7% reduction from 2022 GHG emissions
• 73% waste capture rate at Corus Quay
• Enhanced energy, water and carbon emissions management program
• Undertook a national review of our sites to assess opportunities for improving waste diversion programs
• Participated in provincial energy rebate programs
• LED lighting retrofits in nine owned sites

Social Achievements

• Provided $50.3 million in fundraising assistance to 520 community organizations
• 3,432 volunteer hours submitted by Corus people
• Launched the Diversity in Content workstream to track and measure diversity across our content
• Introduced the Community Youth Engagement Program
• Expanded our Well-being Fair, attended by close to 400 employees
• Integrated DEI into our hiring practices and career development program
• Formalized a Supplier Code of Conduct

Governance Achievements

• Established a board gender target
• Formalized approach to GHG emissions, water and energy measurement
• Undertook a Scope 3 materiality assessment
• Introduced an ESG key performance indicator linked to people and culture objectives

Climate Goals & Targets

Environmental Challenges

• Ongoing cost-of-living challenges
• Impacts of climate change
• Residual effects of a two-year pandemic

Mitigation Strategies

• Focused on advancing our diversity, equity and inclusion (DEI) action plan
• Expanded well-being offerings for employees
• Augmented youth engagement and mentorship
• Sought energy and waste efficiencies in our direct operations to prepare for a decarbonization plan
• Engaged with suppliers to help pave the way for more progress on environmental and social risk due diligence

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Wildfires
• Heat domes
• Droughts
• Severe storms

Transition Risks

• Regulatory changes
• Market shifts
• Carbon pricing
• Consumer preferences

Opportunities

• Energy efficiency improvements
• Transition to renewable energy

Reporting Standards

Frameworks Used: SASB, TCFD, GRI

Awards & Recognition

• Canada’s Most Admired Corporate Cultures (2021)
• Greater Toronto’s Top Employers (2023)
• Canada’s Top Employers for Young People (2023)
• The Globe and Mail’s Report on Business Women Lead Here Benchmark (2023)
• 2023 Employment Equity Achievement Awards (EEAA)

Environmental Metrics

ESG Focus Areas

• People
• Planet
• Responsibility

Environmental Achievements

• 7% reduction from 2023 GHG emissions
• Continued efforts in Xerox’s PrintReleaf program, planting over 325 trees
• Continued participation in provincial energy rebate programs
• Assessment of physical risks of climate change on facilities and infrastructure
• Created and distributed the Sustainable Events Checklist to reduce environmental impact

Social Achievements

• $50.3 million provided in fundraising assistance to 792 community organizations
• Introduced new talent attraction and diversity, equity and inclusion (DEI) initiatives
• Updated access to well-being support and resources with a new wellness platform
• Formalized a Human Rights Statement and published the 2023 Modern Slavery Report

Governance Achievements

• Formalized a Human Rights Statement and published the 2023 Modern Slavery Report
• Updated intranet platform, Corus Central

Climate Goals & Targets

Environmental Challenges

• Challenging time for the media industry
• Adjusting strategy to focus on key areas
• Addressing climate change physical and transition risks
• Managing reputational risks

Mitigation Strategies

• Cost reduction and pursuit of new revenue opportunities
• Streamlining operations and reducing environmental impact
• Improving energy consumption in transmitter equipment and towers
• Developing strategies to adapt to climate change impacts
• Engaging with suppliers to improve sustainability performance
• Updating cybersecurity policies and procedures
• Implementing data protection and information security standards

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding
• Wildfires
• Heat waves

Transition Risks

• Regulatory changes
• Market shifts
• Carbon pricing
• Consumer preferences

Opportunities

• Energy efficiency improvements
• Development of sustainable products

Reporting Standards

Frameworks Used: SASB, TCFD, GRI, UN SDGs

Certifications: LEED® Gold (Corus Quay)

Awards & Recognition

• Greater Toronto’s Top Employers
• Canada’s Top Employers for Young People
• Canada’s Best Diversity Employers
• The Globe and Mail’s Report on Business Women Lead Here Benchmark
• HRD Canada’s Innovative HR Teams