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The federal government has recently made certain amendments to the Competition Act, which create significant uncertainty in respect to how Canadian companies may legally communicate with the public regarding their environmental goals and performance, including their climate change mitigation efforts. With uncertainty on how the new law will be interpreted and applied, and in the absence of any transition period and guidance from the government, we have decided to restrict our environmental and sustainability related communications at this time. As a result, where possible, we have temporarily removed the environmental and sustainability content from our website. We will continue to monitor any guidance provided by the Competition Bureau or the federal government to determine how we may communicate on environmental and sustainability matters in the future.
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Promoting a culture of safety, accountability, inclusivity and stakeholder engagement
Safety is our #1 priority
Lycos has demonstrated a strong safety record since inception, with health and safety policies built on the foundation that our employees come first. We demonstrate this through zero recordable employee injuries with no lost time in 2023.
Regular stakeholder engagement
Lycos leads with a proactive approach including ongoing communication with government agencies and regulators to ensure we are at the forefront of evolving regulatory changes.
We actively participate in forums to provide our insights on future improvements, most recently in a small group of energy companies round table with the Premier of Saskatchewan.
Elevating our communities
Lycos strives to be a good corporate citizen and foster a strong relationship with our stakeholders and the communities in which we operate.
We have supported local charities and community events through the years and will include these initiatives in our 2024 budget.
Promoting diversity
Approximately 40% of our current employees are women.
Executive (C-Suite) includes females and women have Board representation