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Rubicon Organics Announces Fourth Annual Environmental, Social, & Governance Report

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Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF), a licensed producer of organic certified and premium cannabis, has released its fourth annual Environmental, Social and Governance (ESG) Report for the year ended December 31, 2023. The report highlights the company's commitment to incorporating ESG principles into its operations and establishing itself as an industry leader in sustainability.

Key achievements include:

  • Reducing carbon footprint by 48% to 2,064 tonnes, primarily through decreased natural gas usage
  • Increasing landfill waste diversion to 66% through recycling, repurposing, and composting
  • Reducing voluntary employee turnover by 14% year-over-year

CEO Margaret Brodie emphasized the company's focus on setting industry benchmarks and building a resilient cannabis industry in Canada, driven by engaged employees, strong governance, and a commitment to sustainability.

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF), un produttore autorizzato di cannabis organica certificata e premium, ha pubblicato il suo quarto Rapporto Annuale su Ambiente, Sociale e Governance (ESG) per l'anno concluso il 31 dicembre 2023. Il rapporto evidenzia l'impegno dell'azienda ad integrare i principi ESG nelle sue operazioni e a stabilirsi come leader del settore nella sostenibilità.

I risultati chiave includono:

  • Riduzione dell'impronta di carbonio del 48% a 2.064 tonnellate, principalmente grazie alla diminuzione dell'uso di gas naturale
  • Aumento del recupero dei rifiuti da discarica al 66% attraverso il riciclaggio, il riutilizzo e il compostaggio
  • Riduzione del turnover volontario dei dipendenti del 14% rispetto all'anno precedente

Il CEO Margaret Brodie ha sottolineato l'attenzione dell'azienda nel fissare standard di riferimento nel settore e costruire un'industria della cannabis resiliente in Canada, supportata da dipendenti impegnati, una governance solida e un impegno verso la sostenibilità.

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF), un productor autorizado de cannabis orgánica certificada y premium, ha publicado su cuarto Informe Anual sobre Medio Ambiente, Social y Gobernanza (ESG) para el año que terminó el 31 de diciembre de 2023. El informe destaca el compromiso de la empresa de incorporar los principios ESG en sus operaciones y de establecerse como líder en el sector de la sostenibilidad.

Los logros clave incluyen:

  • Reducción de la huella de carbono en un 48% a 2,064 toneladas, principalmente a través de la disminución del uso de gas natural
  • Aumento de la desviación de residuos a vertederos al 66% mediante reciclaje, reutilización y compostaje
  • Reducción de la rotación voluntaria de empleados en un 14% año tras año

La CEO Margaret Brodie enfatizó el enfoque de la empresa en establecer estándares de la industria y construir una industria de cannabis resiliente en Canadá, impulsada por empleados comprometidos, buena gobernanza y un compromiso con la sostenibilidad.

루비콘 오가닉스 주식회사 (TSXV: ROMJ) (OTCQX: ROMJF)는 인증된 유기농 프리미엄 대마초의 라이센스 생산자로서 2023년 12월 31일로 종료된 연도의 환경, 사회 및 지배구조 (ESG) 연례 보고서를 발표했습니다. 이 보고서는 ESG 원칙을 운영에 통합하고 지속 가능성 분야에서 업계 선두주자로 자리매김하려는 회사의 의지를 강조합니다.

주요 성과는 다음과 같습니다:

  • 주로 천연 가스 사용 감소를 통해 탄소 발자국을 48% 줄여 2,064톤을 달성했습니다.
  • 재활용, 재사용 및 퇴비화를 통해 매립 폐기물 전환율을 66%로 증가시켰습니다.
  • 전년 대비 자발적인 직원 이직률을 14% 감소시켰습니다.

CEO 마가렛 브로디는 산업 기준을 설정하고 캐나다의 회복력 있는 대마초 산업을 구축하기 위한 회사의 집중을 강조했으며, 이는 참여적인 직원, 강력한 지배 구조 및 지속 가능성에 대한 약속에 의해 추진됩니다.

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF), un producteur autorisé de cannabis biologique certifié et de qualité supérieure, a publié son quatrième Rapport Annuel sur l'Environnement, le Social et la Gouvernance (ESG) pour l'année se terminant le 31 décembre 2023. Le rapport souligne l'engagement de l'entreprise à intégrer les principes ESG dans ses opérations et à se positionner comme un leader de l'industrie en matière de durabilité.

Les principales réalisations comprennent :

  • Réduction de l'empreinte carbone de 48 % à 2 064 tonnes, principalement grâce à la diminution de l'utilisation de gaz naturel
  • Augmentation du taux de détournement des déchets des décharges à 66 % grâce au recyclage, à la réutilisation et au compostage
  • Réduction du taux de turnover volontaire des employés de 14 % d'une année sur l'autre

La PDG Margaret Brodie a souligné l'importance pour l'entreprise de fixer des références sectorielles et de construire une industrie du cannabis résiliente au Canada, soutenue par des employés engagés, une gouvernance solide et un engagement en faveur de la durabilité.

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF), ein lizenzierter Hersteller von biologisch zertifiziertem und hochwertigem Cannabis, hat seinen vierten Umwelt-, Sozial- und Governance (ESG) Bericht für das am 31. Dezember 2023 endende Jahr veröffentlicht. Der Bericht hebt das Engagement des Unternehmens hervor, ESG-Prinzipien in seine Abläufe zu integrieren und sich als Branchenführer in der Nachhaltigkeit zu etablieren.

Wichtige Erfolge umfassen:

  • Reduzierung des CO2-Fußabdrucks um 48% auf 2.064 Tonnen, hauptsächlich durch eine Verringerung des Erdgasverbrauchs
  • Steigerung der Abfallvermeidung von Deponien auf 66% durch Recycling, Wiederverwendung und Kompostierung
  • Reduzierung der freiwilligen Mitarbeiterfluktuation um 14% im Vergleich zum Vorjahr

CEO Margaret Brodie betonte den Fokus des Unternehmens auf das Setzen von Branchenbenchmarks und den Aufbau einer widerstandsfähigen Cannabisindustrie in Kanada, unterstützt von engagierten Mitarbeitern, starker Unternehmensführung und einem Bekenntnis zur Nachhaltigkeit.

Positive
  • Reduced carbon footprint by 48% to 2,064 tonnes
  • Increased landfill waste diversion to 66%
  • Decreased voluntary employee turnover by 14% year-over-year
Negative
  • None.

VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, is pleased to announce the publication of its fourth annual Environmental, Social and Governance Report (“ESG Report”) measuring the year ended December 31, 2023.

Rubicon Organics is committed to incorporating environmental, social, and governance (“ESG”) principles into our operations and has established itself as a leader in ESG within the cannabis industry. This ESG Report covers the period from January 1 to December 31, 2023, showcasing our dedication to embedding transparency, sustainability, and responsible business practices across all facets of our operations, including governance, environmental stewardship, and community engagement. Our goals are ambitious, and we remain committed to accountability by mindfully measuring and openly reporting our progress on this ESG journey.

Highlights of the ESG Report:

  1. Cut our carbon footprint by 48% to 2,064 tonnes, led by a reduction in use of natural gas achieved through the BC Hydro site upgrade in late 2022.
  2. Increased our landfill waste diversion to 66% through recycling, repurposing waste as biofuel and a focus on composting.
  3. With an active focus on employee satisfaction, and respectful workplace culture, voluntary turnover reduced by 14% year over year.

“We believe we are establishing industry benchmarks and building a robust and resilient cannabis industry in Canada. Our journey towards achieving our vision begins with our people. Governance from our Board of Directors sets the tone for the standards we uphold. Our engaged and diverse team fuels our sustainability performance, bolstered by strong governance, a supportive culture, committed leadership, and our vision, mission, and values” said Margaret Brodie, Chief Executive Officer.

Click here to read a copy of the full report.

ABOUT RUBICON ORGANICS INC.

Rubicon Organics Inc. is the global brand leader in premium organic cannabis products. The Company is vertically integrated through its wholly owned subsidiary Rubicon Holdings Corp, a licensed producer. Rubicon Organics is focused on achieving industry leading profitability through its premium cannabis flower, product innovation and brand portfolio management, including three flagship brands: its super-premium brand Simply Bare™ Organic, its premium brand 1964 Supply Co™, and its cannabis wellness brand Wildflower™ in addition to the Company’s mainstream brand Homestead Cannabis Supply™.

The Company ensures the quality of its supply chain by cultivating, processing, branding and selling organic certified, sustainably produced, super-premium cannabis products from its state-of-the-art glass roofed facility located in Delta, BC, Canada.

CONTACT INFORMATION

Margaret Brodie
CEO
Phone: +1 (437) 929-1964
Email: ir@rubiconorganics.com

The TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this press release.

Cautionary Statement Regarding Forward Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, statements regarding Rubicon Organics’ goal of achieving industry leading profitability are “forward-looking statements”. Forward-looking information can be identified by the use of words such as “will” or variations of such word or statements that certain actions, events or results “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances. Risks and uncertainties associated with the forward looking information in this press release include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits for construction at its facilities in a timely manner; regulatory or political change such as changes in applicable laws and regulations, including bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; Rubicon Organics’ limited operating history and lack of historical profits; reliance on management; the effect of capital market conditions and other factors on capital availability; the Company’s ability to attract and retain skilled staff; competition, including from more established or better financed competitors; the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers.

These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although Rubicon Organics has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. Rubicon Organics assumes no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.


FAQ

What were the key ESG achievements for Rubicon Organics (ROMJF) in 2023?

Rubicon Organics (ROMJF) achieved a 48% reduction in carbon footprint to 2,064 tonnes, increased landfill waste diversion to 66%, and reduced voluntary employee turnover by 14% year-over-year in 2023.

How did Rubicon Organics (ROMJF) reduce its carbon footprint in 2023?

Rubicon Organics (ROMJF) reduced its carbon footprint primarily through decreased natural gas usage, achieved by a BC Hydro site upgrade completed in late 2022.

What is Rubicon Organics' (ROMJF) approach to sustainability in the cannabis industry?

Rubicon Organics (ROMJF) is committed to incorporating ESG principles into its operations, focusing on transparency, sustainability, and responsible business practices across governance, environmental stewardship, and community engagement.

RUBICON ORGANICS INC

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