Company Reinforces Commitment to its Environmental, Social and Governance Initiatives
Jamieson Wellness Inc. ("Jamieson Wellness" or the "Company") (TSX:JWEL) announced today that the Company has joined the United Nations Global Compact Initiative (the "UN Global Compact" or "UNGC"). Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative globally, calling organizations around the world to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals ("SDGs").
"We are incredibly proud to join the thousands of companies around the world committed to taking responsible action for a sustainable future," said Mike Pilato, President and CEO of Jamieson Wellness. "As an organization, our vision is to improve the world's health and wellness, and the UN Global Compact's principles are in alignment with this vision. Joining the UNGC is an exciting step as we continue to embed our ESG efforts throughout our operations, strategy and culture."
Today's announcement builds on the Company's recently published ESG targets it is working toward, including:
- 50% reduction on Scope 1 and 2 emissions (as defined by the UNGC) by 2030
- Establishing a formal action plan to reach the goal of "Net Zero" by 2050
- At a minimum, fair representation of leadership and board roles based in Canada to be held by women and racialized persons by 2025
The Company plans to begin disclosing additional, measurable ESG operations data in-line with the United Nation's SDG's beginning in 2023. More information on the Company's current ESG programs and targets can be found on the Company's website here .
About Jamieson Wellness Inc.
Jamieson Wellness is dedicated to improving the world's health and wellness with its portfolio of innovative natural health brands. Established in 1922, Jamieson is the Company's heritage brand and Canada's #1 consumer health brand. Jamieson Wellness also offers a variety of sports nutrition products and specialty supplements under its Progressive, Smart Solutions, Iron Vegan and Precision brands. The Company is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. For more information, please visit jamiesonwellness.com .
Jamieson Wellness' head office is located at 1 Adelaide Street East Suite 2200, Toronto, Ontario, Canada.
This press release may contain forward-looking information within the meaning of applicable securities legislation. Such information includes, but is not limited to, statements related to the Company's achievement of its ESG targets and its future disclosure of additional ESG operations data. Words such as "expect", "plan", "anticipate", "intend", "may", "will", "estimate" and variations of such words and similar expressions are intended to identify such forward-looking information. This information reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Company's Annual Information Form dated March 29, 2022 and under the "Risk Factors" section in the management's discussion and analysis of financial condition and results of operations of the Company filed May 5, 2022 (the "MD&A"). This information is based on the Company's reasonable assumptions and beliefs in light of the information currently available to it and the statements are made as of the date of this press release. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
The Company cautions that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect the Company's results. Readers are urged to consider the risks, uncertainties and assumptions associated with these statements carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. See "Forward-looking Information" and "Risk Factors" within the MD&A for a discussion of the uncertainties, risks and assumptions associated with these statements.
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