TC Transcontinental's Approved Emissions Reduction Targets
TC Transcontinental’s Commitment to Sustainability
Transcontinental Inc. has recently achieved a significant milestone in its sustainability efforts. The Science Based Targets initiative (SBTi) has officially approved the company's near-term emissions reduction targets. This approval marks a vital step in validating TC Transcontinental's dedication towards monitoring progress in sustainability, specifically in energy efficiency and cleaner energy solutions.
Understanding the Approved Targets
With the new approval, TC Transcontinental now has a concrete framework for measuring its sustainability accomplishments. The company aims to significantly reduce its absolute scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, compared to fiscal year 2021 levels. Additionally, TC Transcontinental aims to cut absolute scope 3 GHG emissions by 25% by the same year. These ambitious targets were established in collaboration with Edison Energy, a respected sustainability consulting firm known for their expertise in environmental impact assessments.
Empowering Customers towards Sustainability
In light of these approved targets, Transcontinental’s Senior Vice President, Alex Hayden, remarked on the company’s enhanced capacity to assist clients on their sustainability journeys. As a leader in the packaging and printing industry, TC Transcontinental is well-aware of the expectations from its stakeholders. They acknowledge the importance of addressing climate change impacts and see this commitment as a vital contribution to global efforts.
The Role of Science Based Targets initiative (SBTi)
The SBTi is a crucial player in corporate climate action, enabling organizations globally to adopt science-based strategies against climate change. By setting rigorous emissions targets, companies can effectively contribute to significant reductions in global carbon emissions and drive positive changes within their industries.
About TC Transcontinental
TC Transcontinental is recognized as a leader in flexible packaging across North America while also holding a prominent position in retail services within Canada. Furthermore, it stands as the largest printing company in Canada and is known for being the leading educational publishing group for Canadian French-language resources. Established in 1976, the organization's mission revolves around delivering high-quality products and services that aid businesses in effectively reaching and engaging their desired customer bases.
The company is guided by fundamental values such as respect, teamwork, performance, and innovation. TC Transcontinental is dedicated to pursuing its operations in a responsible manner, fostering transparency and trust among its stakeholders.
The Financial Impact and Workforce
Employing approximately 7,600 individuals, TC Transcontinental has a substantial workforce spread across Canada, the United States, and Latin America. During the recent fiscal year, the company reported revenues totaling $2.9 billion, reflecting its strong market presence. Such financial success enables the company to invest further in sustainable practices and innovations.
For Additional Information
For any inquiries related to media or financial aspects, TC Transcontinental provides dedicated contacts. Media inquiries can be directed to Nathalie St-Jean, Senior Advisor for Corporate Communications at TC Transcontinental, while investment-related questions should be addressed to Yan Lapointe, Director of Investor Relations and Treasury. Both professionals are available to assist with any specific questions regarding the company’s operations or sustainability goals.
For further details about TC Transcontinental’s initiatives and updates, please visit their official website.
Frequently Asked Questions
What are TC Transcontinental's new emissions reduction targets?
TC Transcontinental aims to reduce absolute scope 1 and 2 GHG emissions by 42% and scope 3 GHG emissions by 25% by 2030, compared to fiscal year 2021.
Who approved TC Transcontinental's targets?
The Science Based Targets initiative (SBTi) approved TC Transcontinental’s near-term emissions reduction targets.
How does this commitment impact TC Transcontinental's customers?
This commitment enables TC Transcontinental to better support its customers in their own sustainability initiatives, aligning the company's efforts with customer expectations.
What kind of company is TC Transcontinental?
TC Transcontinental is a leading flexible packaging company in North America and the largest printing company in Canada, also known for educational publishing in French.
How many employees does TC Transcontinental have?
TC Transcontinental employs approximately 7,600 individuals across Canada, the United States, and Latin America.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.