Bell Canada (BCE) provides residential, business and wholesale customers with a range of solutions to all communications needs, including wireless, high-speed Internet, Internet protocol TV, satellite TV, business broadband, and information & communications technology services. The company is the largest communications provider in Canada and has approximately 50,000 employees.
Bell Canada offers its products and services with the goal of being an environmental and social responsibility leader. More than 50% of the company’s electricity consumption comes from renewable sources, and by cutting electricity use, fuel consumption and travel, it has avoided the release of more than 54 kilotons of CO2 equivalent since 2008. Additionally, BCE recently reduced its carbon footprint by purchasing 1,200 new, more efficient vehicles for its fleet. The company is the first telecommunications provider in Canada to receive ISO 14001 certifications for its facilities. In a recent year, BCE collected almost 925,000 internet modems, 210,000 phones and more than 1 million TV receivers for recycling. The company also annually trains each team member in customer privacy standards and has received the ISO 27001 certification for information security management. 450,000 people have received assistance from programs funded by Bell Let’s Talk, and the foundation has set a new objective of $100 million in donations. The company has increased its training spending per employee by 8%.
Bell Canada has been sued multiple times for false advertising campaigns in Canada and the United States. Additionally, the company is being investigated for collecting customer data to use in a targeted advertising program.
Industry: Telecommunication Services
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.