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TELUS (TSX:T) contributes C$85 million to charities

Telecommunication
TSX:T
23 February 2021 15:45 (EDT)
TELUS - President and CEO, Darren Entwistle.

Source: Financial Post.

TELUS (T) contributes C$85 million, representing 5 percent of profits, to Canadian charities.

The giving was part of TELUS’ passion for making the future friendlier for all Canadians and citizens worldwide.

Last year alone, the TELUS team gave C$85 million to drive meaningful, positive change for our most vulnerable citizens during a year of unprecedented uncertainty and hardship.

“For more than two decades, our TELUS team has demonstrated an unsurpassed commitment to creating a friendly future for people around the world and driving positive social change in the global communities where we operate,” said Darren Entwistle, President and CEO, TELUS.

“Now more than ever, I am inspired by our team’s extraordinary efforts to enable remarkable human and social outcomes on a global basis. Last year alone, our TELUS team volunteered 1.25 million hours and contributed C$85 million, representing five percent of pre-tax profits to charitable and community organizations worldwide,” added Entwistle.

Each year, TELUS team members and retirees worldwide volunteer more than one million hours in their local communities and support more than 4-thousand charities and community organizations.

Together, these efforts and more have contributed to TELUS’ numerous accolades in social capitalism.

TELUS CEO Darren Entwistle set the tone by donating his salary for April, May, and June of last year, totalling approximately C$400 thousand to Canadian healthcare workers on the front lines of the COVID-19 pandemic and critical research to combat the impact of the virus.

The Entwistle Family Foundation, established in 2018 by Darren, his wife Fiona, and their two adult children, matched this donation.

The organizations that received funding included the London Health Sciences Foundation, Sunnybrook Health Sciences Centre, McGill University Health Centre Foundation, and Covenant Health Alberta.

TELUS is a communications technology company with C$16 billion in annual revenue and 16 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security.

TELUS share price is down 0.27 per cent and is trading at C$25.80 at 3:05 pm EST.

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