Canada Post shows sustainability efforts

Canada Post has released its 2020 Sustainability Report, and says it is “working hard to live up to Canadians’ expectations on issues such as the environment, safety, accessibility, equity and diversity”.

Some of the key highlights of the past year regarding the postal operator’s sustainability issues include adding 353 hybrid vehicles to the fleet; reducing the Total Injury Frequency rate by 31%; and the Canada Post Registered Pension Plan investing $221 million in renewable energy and over $1 billion (69% of the Plan’s commercial real estate portfolio) in buildings with Leadership in Energy and Environmental Design (LEED) or other environmental ratings.

Suromitra Sanatani, Chair of the Board of Directors said, “A committee of the Board is now focused entirely on ESG issues. And our Pension Plan is integrating ESG into its investment strategy and decision-making, while keeping a focus on returns for Plan members. Steps like these make us part of a global reorientation of corporate priorities, reflected in ESG-based approaches and reporting. I’m very pleased to see that our unions have played an important role as we adopt ESG principles – and we will continue to collaborate with them. It’s not business as usual. It’s business through a wider lens.”

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