Consolidated Communications Releases 2022 Environmental, Social and Governance Report

Rhea-AI Summary

Consolidated Communications (NASDAQ: CNSL) has released its 2022 Environmental, Social and Governance (ESG) Report, which outlines the company's commitment to sustainability and community impact. Key highlights include:

• $601 million invested in capital expenditures to enhance broadband services across rural areas, surpassing 1 million fiber locations.
• Formation of a DEI Council and implementation of an annual unconscious bias training for employees.
• Increased renewable energy usage and tracking of greenhouse gas emissions.
• Contributions exceeding $1.8 million to over 450 community organizations.
• Completion of 36,600 training modules focused on safety and compliance.

These initiatives reflect the company’s strategy to build a sustainable business while supporting its employees and communities.

Positive

• $601 million invested in capital expenditures to improve broadband services.
• Surpassed 1 million fiber locations, enhancing network sustainability.
• Established a DEI Council and implemented company-wide DEI Policies.
• Increased renewable energy usage and greenhouse gas emissions tracking.
• Contributed over $1.8 million to community organizations.

Negative

• None.

MATTOON, Ill.--(BUSINESS WIRE)-- Consolidated Communications (NASDAQ: CNSL), a leading fiber provider, today released its 2022 Environmental, Social and Governance (ESG) Report. The report which covers the calendar year 2022, describes Consolidated’s progress and focus on people, social impact, sustainable business operations, and responsible business practices.

“As we transition to a fiber-first company, we are building a more sustainable business and future for the communities we serve,” said Bob Udell, president and chief executive office of Consolidated. “Our ESG goals are integrated with our company values, as we work to take care of our people, our customers and the environment, today and for many years to come.”

The recent report, available at consolidated.com/esg, details Consolidated’s work in protecting the planet and the communities the company services, while delivering value to its customers, employees, business partners and investors. The 2022 report highlights include:

• We invested $601 million in capital expenditures in 2022 to deliver better broadband services to homes and businesses across rural communities. We surpassed 1 million fiber locations last year, creating a more sustainable and future-proof network.
• We formed a DEI Council, adopted a company-wide DEI Policy, and launched annual unconscious bias training for all employees.
• We increased our use of renewable energy and made notable progress tracking greenhouse gas emissions.
• We contributed more than $1.8 million to more than 450 community organizations, land employees reported 6,600 volunteer hours. Additionally, we launched the CCI Cares Employee Volunteer program.
• Our employees completed more than 36,600 modules of safety, compliance and service training.
• We advanced employee engagement initiatives to include: new employee recognition events, an expanded Employee Advisory Council, and a new employee mentorship pilot program.

About Consolidated Communications

Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is dedicated to moving people, businesses and communities forward by delivering the most reliable fiber communications solutions. Consumers, businesses and wireless and wireline carriers depend on Consolidated for a wide range of high-speed internet, data, phone, security, cloud and wholesale carrier solutions. With a network spanning more than 58,000 fiber route miles, Consolidated is a top 10 U.S. fiber provider, turning technology into solutions that are backed by exceptional customer support. Learn more at consolidated.com. Connect with us on social media.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005285/en/

Nicole Elton, Consolidated Communications

510-316-1430, nicole.elton@consolidated.com

Jennifer Spaude, Consolidated Communications

507-386-3765, jennifer.spaude@consolidated.com

Source: Consolidated Communications

FAQ

What are the key highlights from Consolidated Communications' 2022 ESG Report?

The report emphasizes a $601 million investment in capital expenditures, surpassing 1 million fiber locations, formation of a DEI Council, and over $1.8 million contributed to community organizations.

How did Consolidated Communications support communities in 2022?

Consolidated Communications contributed more than $1.8 million to over 450 organizations and reported 6,600 volunteer hours from employees.

What types of training did Consolidated Communications employees receive?

Employees completed over 36,600 modules of safety, compliance, and service training in 2022.

What is the sustainability focus of Consolidated Communications as per the ESG Report?

The focus includes increased renewable energy use, tracking greenhouse gas emissions, and making their operations more sustainable.

What initiatives did Consolidated Communications take for employee engagement?

The company advanced employee engagement through recognition events, an expanded Employee Advisory Council, and a mentorship pilot program.