MONTREAL, Feb. 21 /CNW Telbec/ - One year after it released its first
Sustainability Report, Transcontinental (TSX: TCL.A TCL.B TCL.PR.D) has
acted on the commitment it made in 2010 to report on its environmental,
social and economic performance by releasing its second report. In it,
Transcontinental emphasizes its efforts to minimize its environmental
footprint and contribute to the betterment of its employees and host
communities. As indicated by the title, Connecting Words to Actions, in this report Transcontinental issues a call to action to its
employees and partners, encouraging a proactive approach to sustainable
François Olivier, President and Chief Executive Officer of
Transcontinental notes: "By looking ahead and meeting our commitment to
sustainable development on a day-to-day basis, I am certain that we
will continue to create value for our shareholders, employees and
customers, and make a positive difference in the communities where we
Proof of Transcontinental's ongoing commitment to sustainable
development, the Corporation prepared its 2010 report to meet
Application Level B of the GRI standard; the 2009 report met the
criteria for Application Level C. The Global Reporting Initiative (GRI)
establishes internationally recognized guidelines that organizations
can use not only to report on their environmental performance, but also
on their economic and social performance. "This year we submitted a
more complete report that addresses a number of supplementary aspects.
We are very proud of it because it shows we are taking sustainable
development seriously and are committed to improving," says Jean
Denault, Vice President, Procurement and Technologies at
Transcontinental, and chair of the Sustainable Development Steering
Committee. "In preparing this report we placed a lot of importance on
the input of our internal and external stakeholders. For us this is a
new and essential element in our commitment to develop sustainably."
Connecting Words to Actions: Performance Objectives
To guide our actions and develop a dynamic that will drive our
sustainable development, we used the three main categories in the GRI
standard, and set objectives and targets that will also be used as a
basis to assess our performance going forward:
- Maintain and Enhance Employee Health, Safety and Wellness
- Develop to Attract and Retain Talent
- Invest in Community Well-Being
- Protect and Restore Ecosystems
- Optimize the Use of Resources
- Preserve Company Value
- Invest in Future Growth
The Sustainability Report 2010 focuses on our achievements over the past year. Certain highlights have
been identified and show the progress the organization is making toward
Talent Development: 100% of development plans were completed for Executive and senior
management succession candidates.
Health, Safety and Wellness: The accident frequency rate per 200,000 worked hours fell to 0.98,
below the target of 1.0.
Donations and Sponsorships: $5.8 million in community contributions.
Eco-Paper Purchases: Gold and Gold Plus papers in our eco-paper classification account for
45% of purchases by our printing facilities.
Waste Management: Implemented a global waste management program in two Transcontinental
Greenhouse Gases: 11% reduction in greenhouse gas emissions relative to production since
Energy Use: Energy efficiency projects have resulted in a 14.7% reduction in
energy use, or 43,000,000 kWh since 2008.
Invest in Innovation: Revenue that comes from new revenue streams totalled $183 million, up
7.6% over 2009.
Maintain a Strong Balance Sheet: Net debt to EBITDA: 1.8x.
Increase Efficiency: 8% return on net assets.
Fiscal 2010 was also a year of recognition on many fronts. The report
lists more than 30 awards and prizes won by business units and
employees across the Corporation.
The full version of Transcontinental's 2010 Sustainability Report as well as a summary document are available at www.transcontinental-ecodev.com.
Transcontinental creates marketing products and services that allow
businesses to attract, reach and retain their target customers. The
Corporation is the largest printer in Canada and Mexico, and
fourth-largest in North America. As the leading publisher of consumer
magazines and French-language educational resources, and of community
newspapers in Quebec and the Atlantic provinces, it is also one of
Canada's top media groups. In addition, its digital platforms deliver
unique content through more than 250 websites. Transcontinental also
offers interactive marketing products and services that use new
communications platforms supported by marketing strategy and planning
services, database analytics, premedia, e-flyers, email marketing,
custom communications and mobile solutions.
Transcontinental (TSX: TCL.A, TCL.B, TCL.PR.D) has 10,500 employees in
Canada, the United States and Mexico, and reported revenues of C$2.1
billion in 2010. For more information about the Corporation, please
SOURCE TRANSCONTINENTAL INC.
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