On the heels of having been ranked as the eighth best corporate citizen in Canada in 2019 by the Corporate Knights, TC Transcontinental now puts down yet another marker in its sustainability journey by committing to a new set of specific and quantifiable targets.
“With Acting Together being released, we are now one step closer to reaching our CSR goals as a corporation,” said François Olivier, president and CEO of TC Transcontinental. “We seek to have a meaningful impact on the development and wellness of our employees, limit the environmental effect of our operations, develop sustainable products from sourcing to end-of-life, and contribute to the communities in which we operate. We are proudly working hand in hand with our customers, our suppliers and all of our stakeholders to find solutions to the sustainability challenges faced today on a global level.”
Some of the successes and highlights of the Corporation’s 2016-2018 CSR Report include reducing its environmental impact through achieving its greenhouse gas emissions reduction target, accelerating its growth in flexible packaging, with the Packaging Sector now accounting for more than 50% of the corporation’s consolidated revenues, and maintaining a healthy and safe workplace for its employees by surpassing the lost time accident frequency rate target for 2018.
Acting Together aims to converge TC Transcontinental’s business activities with 11 meaningful objectives along four axes: its people, its operations, its products and its communities. These include:
- Move towards a more balanced gender representation in leadership by ensuring at least 30% of female representation on the Board of Directors, having at least three women on the Executive Management Committee, and reaching 30% of women in executive and management positions;
- Optimize waste management by aiming for zero non-hazardous waste to landfill in its operating business units;
- Design for end-of-life with 100% of its plastic packaging to be reusable, recyclable or compostable by 2025;
- Invest in communities by donating $5 million over three years in financial contributions, goods and services to organizations, projects and programs that support the communities in which TC Transcontinental operates.
“As a game-changer in food preservation and global food waste reduction, flexible plastic packaging plays a tremendous role throughout the value chain,” added Magali Depras, TC Transcontinental’s chief strategy officer. “It extends product shelf life and offers many advantages from an environmental standpoint; namely, more efficient use of resources and increased transportation efficiency. Since we know that the greatest challenge faced by our industry lies in managing plastic end-of-life, our corporation aims to innovate and pioneer change in sustainable product development by investing in R&D and using more post-consumer recycled content across our portfolio.”