MONTREAL, July 16, 2019 (Press Release) -Today, TC Transcontinental is proud to release its 2019-2021 Corporate Social Responsibility (CSR) Plan titled Acting Together, along with its 2016-2018 CSR Report, which presents the results achieved in the course of the previous three-year CSR Plan, Driving Sustainable Results. On the heels of having been recognized as the 8th best corporate citizen in Canada in 2019 by the renowned Corporate Knights ranking, 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 Chief Executive Officer 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. This 2019-2021 CSR plan, coupled with our recent announcement in becoming the first Canadian-based manufacturer to join the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment, becomes our roadmap to further our commitment towards sustainability throughout our transformation and steadfast growth in packaging.”
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%1 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.
As TC Transcontinental’s former plan, Driving Sustainable Results, drew to a close, the Corporation embarked on a large-scale consultation with its stakeholders in order to identify the CSR issues that resonate most with employees, customers, suppliers and investors. Acting Together is the Corporation’s new three-year plan based on the firsthand insight received through this process. In addition to featuring ambitious goals reflective of the ever-evolving and growing environmental and social concerns, Acting Together also aims to converge TC Transcontinental’s business activities with 11 meaningful objectives along four axes: our people, our operations, our products and our 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 3 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 our operating business units;
- Design for end-of-life with 100% of our plastic packaging to be reusable, recyclable or compostable by 2025;
- Invest in our communities by donating $5M over 3 years in financial contributions, goods and services to organizations, projects and programs that support the communities in which we operate.
Mr. Olivier added: “TC Transcontinental is in a unique position to lead the way for a circular economy for plastics, so that plastic never becomes waste. As a leader in flexible packaging in North America, and as Canada’s largest printer, we are building on our expertise, knowledge and experience in having successfully contributed to the creation of a circular economy for paper in Canada. We are now poised to make significant strides in repeating the same process with plastic resin by acting together with collaborators from across the value chain. We invite all of them to join us along the way.”
Magali Depras, TC Transcontinental’s Chief Strategy Officer, concluded: “As a game-changer in food preservation and global food waste reduction, flexible plastic packaging plays a tremendous role throughout the value chain. 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. In creating and launching the strategy presented in Acting Together, our goal is to reach milestones that reflect today’s global concerns while educating our stakeholders and supporting our customers in their own sustainability journey.”
About TC Transcontinental
TC Transcontinental is a leader in flexible packaging in North America, and Canada’s largest printer. The Corporation is also a Canadian leader in its specialty media segments. For over 40 years, TC Transcontinental's mission has been to create products and services that allow businesses to attract, reach and retain their target customers.
Respect, teamwork, performance and innovation are the strong values held by the Corporation and its employees. TC Transcontinental's commitment to its stakeholders is to pursue its business activities in a responsible manner.
Transcontinental Inc., known as TC Transcontinental, has over 9,000 employees, the majority of which are based in Canada, the United States and Latin America. TC Transcontinental had revenues of more than C$2.6 billion for the fiscal year ended October 28, 2018.