(“Liberty Latin America” (the parent company of C&W/FLOW) recently released its inaugural ESG report outlining the Company’s commitment to environment, social, and governance (“ESG”) practices across its operations in Latin America and the Caribbean. The ESG report covers metrics for 2020 and is available on the Company’s website here.
Balan Nair, CEO of Liberty Latin America, said, “On behalf of all our employees at Liberty Latin America, I am proud to present our first ESG report. From the beginning, we have been focused on delivering the best communications products and services to our customers in a way that limits our impact on the environment, uses our reach to bring the digital world to remote and underserved areas, and adheres to high ethical standards. The release of our ESG report is the next step in demonstrating our ongoing commitment to sustainable business practices, positively impacting local communities, and ensuring we do business the right way. This report is just the start, and we look forward to measuring and sharing our ESG journey for years to come.”
The inaugural report was prepared in accordance with the Sustainability Accounting Standards Board (“SASB”) for the Telecommunications Services industry with data through December 31, 2020.
ABOUT LIBERTY LATIN AMERICA
Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC, UTS and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a sub-sea and terrestrial fiber optic cable network that connects over 40 markets in the region.
Liberty Latin America has three separate classes of common shares, which are traded on the NASDAQ Global Select Market under the symbols “LILA” (Class A) and “LILAK” (Class C), and on the OTC link under the symbol “LILAB” (Class B).
Good to see this inaugural ESG report from Flow. Since SASB’s ESG efforts focus on those areas that impact financial performance, it would be nice to see the actual long-term goals that have been set by the company and, in the coming years, the extent to which each goal is met. Also would be nice to see what these metrics mean in terms of the company’s financial performance. Looking forward to seeing future reports.