TELUS takes top honours in TIME Magazine's inaugural World's Most Sustainable Companies 2024 Named top Canadian communications company

TELUS was also ranked the 2nd most sustainable company in Canada  and ranked 21st out of 500 companies, globally, further highlighting its leadership in sustainability and social capitalism

VANCOUVER, BC, June 25, 2024 /CNW/ - Today, TELUS proudly announced that it has been recognized by TIME Magazine and Statista in their inaugural list of the World's Most Sustainable Companies, ranking 21st out of 500 global companies overall. Notably, TELUS was ranked the 2nd most sustainable Canadian company and took first place as the most sustainable  telecommunications company in Canada.  These accolades reflect TELUS' global leadership in corporate citizenship and philanthropy, innovation management and environmental and social reporting for more than two decades.

TIME Magazines' World's Most Sustainable Companies were selected through a rigorous four step process and data analysis that considered over 20 key performance indicators including emissions and energy intensity, disclosure of its sustainability to investors assessed by the Sustainability Accounting Standards Board (SASB) and Carbon Disclosure Project (CDP) Score – reflecting TELUS' exceptional "A- leadership" ranking of its operations. Of the more than 5,000 eligible companies globally, only 500 companies were recognized as delivering the most impactful sustainability outcomes and building a more sustainable world.

"Our team's commitment to sustainability is foundational to our leadership in social capitalism. Indeed, earning recognition as the top ranking Canadian communications company in respect of sustainability by TIME Magazine reinforces our dedication to not only eliminating our carbon footprint, but as well, helping proactively improve the health of the planet our children will inherit, while also creating meaningful value for our fellow citizens," said Darren Entwistle, President and CEO, TELUS. "Thanks to the unparalleled efforts of our team, we have set ambitious environmental and sustainability targets to help ensure the well-being of our societies. I am incredibly grateful to our team for their passionate commitment to improving the social, economic, environmental and health outcomes in the communities where our team members live, work and serve on a global basis."

Driven by its leadership in social capitalism, TELUS has committed to ambitious science-based greenhouse gas emission reduction targets and is on track to become a carbon neutral company by 2030 or sooner. TELUS is continuing to implement sustainable practices across its business including:

• Enabling reforestation and nature restoration by planting 12.7 million trees since 2000.
• Diverting 15 million devices from landfills and upcycling and recycling four million mobile devices since 2010.
• Executing four virtual Power Purchase Agreements in Alberta for wind and solar generated electricity, keeping TELUS on track to source 100% of its electricity requirements from renewable or low-emitting sources by 2025.
• Investing in socially-responsible tech start-ups including Flash Forest, a drone reforestation company that is rapidly restoring areas impacted by wildfires and veritree, a nature-based solutions company that provides verified restoration of kelp forests and mangroves to mitigate climate change and enhance biodiversity.
• Becoming the first company in Canada to issue a Sustainability-Linked Bond (SLB) tying our cost of borrowing directly to our success in achieving sustainability targets. To date, TELUS has issued $3.7 billion CAD and $900 million USD under this framework with a target of reducing absolute Scope 1 and 2 GHG emissions by 46 per cent from 2019 levels by 2030.
• Launching TELUS Environmental Solutions, offering a range of tech-enabled nature-based solutions designed to deliver positive social and environmental impacts for customers in the areas that need it most.
• Advancing the agriculture and consumer goods sector by leveraging our technology and digital analytics to reduce waste and optimize resource consumption.
• Enhancing healthcare sustainability through digital health technologies, reducing paper use, energy consumption and carbon emissions while promoting equitable access to care.

To learn more about TELUS' commitment to social capitalism and sustainability, visit telus.com/sustainability.

About TELUS

TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with more than $20 billion in annual revenue and over 19 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS' global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.

Operating in 32 countries around the world, TELUS International (TSX and NYSE: TIXT) is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across strategic industry verticals, including tech and games, communications and media, eCommerce and fintech, banking, financial services and insurance, healthcare, and others.

TELUS Health is a global healthcare leader, which provides employee and family primary and preventive healthcare and wellbeing solutions. Our TELUS team, along with our 100,000 health professionals, are leveraging the combination of TELUS' strong digital and data analytics capabilities with our unsurpassed client service to dramatically improve remedial, preventive and mental health outcomes covering nearly 70 million lives, and growing, around the world. As the largest provider of digital solutions and digital insights of its kind, TELUS Agriculture & Consumer Goods enables efficient and sustainable production from seed to store, helping improve the safety and quality of food and other goods in a way that is traceable to end consumers.

Driven by our determination and vision to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS and our team to contribute $1.7 billion, including 2.2 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world. Together, let's make the future friendly.

For more information about TELUS, please visit telus.com, follow us at @TELUSNews on X and @Darren_Entwistle on Instagram.

For media inquiries, please contact:
Saara Rahikka
TELUS Public Relations
[e-mail]

SOURCE TELUS Communications Inc.