1. CAE raised $1.3 million for Centraide, setting a new record. 2. This was the 25th campaign, surpassing $19.5 million total since 2000. 3. CEO Matt Bromberg highlighted employee engagement and creativity in fundraising efforts. 4. The funds will support over 5,000 local communities in Canada. 5. CAE promotes social responsibility, enhancing employee engagement and company culture.
FAQ
Why Bullish?
CAE's notable charity achievement enhances its corporate image and employee morale, potentially attracting investors. Historical examples show CSR initiatives often correlate with stock price appreciation.
How important is it?
The article reaffirms CAE's commitment to community engagement, which aligns with positive corporate reputation goals, impacting both employee and investor sentiment.
Why Long Term?
The engagement and corporate responsibility efforts can improve employee retention and brand loyalty, yielding positive results over time. Long-term investments in community enhance reputation and attract customers.
CAE Raises Record $1.3 Million in 25th Centraide Campaign
(NYSE: CAE) (TSX: CAE) – CAE proudly announces the successful completion of its 25th Centraide (United Way) campaign, raising an impressive $1,315,066 to assist vulnerable communities across Greater Montreal and Canada. This year’s total marks a significant achievement, as it reaches the largest contribution in the history of CAE's Centraide campaigns and maintains the company's streak of surpassing the one-million-dollar mark for the seventh consecutive year.
Commitment to Community Support
This milestone reflects the extraordinary generosity and commitment of CAE employees, Unifor Local 522, and various partners. Their collective efforts showcase a true dedication to creating positive change within their communities.
Matt Bromberg, President and CEO of CAE, expressed his enthusiasm for the campaign, stating, "As a newcomer to Montreal, experiencing my first Centraide campaign at CAE has been inspiring. What stood out most was the creativity and energy our teams brought to it." He further emphasized CAE's mission to contribute to safer communities, saying, "I'm grateful to everyone who contributed this year, and proud of the impact we achieved together."
Impact of Funds Raised
The funds raised will support over 5,000 local communities in Quebec and Canada, reinforcing CAE's role as a leader in corporate social responsibility. Since the campaign's inception in 2000, CAE and its employees have contributed more than $19.5 million to support Centraide.
Hélène V. Gagnon, Chief People and Sustainability Officer, highlighted the campaign's evolution within the organization, stating, "This year's campaign saw a renewed spirit of collaboration, with an increased participation rate and new leaders actively engaging." She extended a heartfelt thanks to those who participated, volunteered, and donated.
CAE's Commitment to Corporate Social Responsibility
CAE remains steadfast in its commitment to strengthen the communities it operates in through partnerships, donations, and sponsorships focused on education, civil aviation, and defense and security. The company promotes individual and team volunteer initiatives through its CAEvolunteering program, further amplifying its positive societal impact.
For more insights into CAE's commitment to sustainability, readers can consult the FY25 Sustainability report.
About CAE
CAE exists to make the world safer by delivering advanced training, simulation, and operational solutions. The company empowers aviation professionals and defense forces worldwide, with approximately 13,000 employees at around 240 sites across more than 40 countries. For nearly 80 years, CAE has been at the forefront of innovation and quality in high-fidelity flight simulators and training solutions, placing sustainability at the heart of its operations.
To read more about CAE’s global activities and sustainability efforts, visit the FY25 Global Annual Activity and Sustainability Report.
Media and Investor Contacts
- General Media: Samantha Golinski, Senior Vice President, Communications – +1-438-805-5856, samantha.golinski@cae.com
- Investor Relations: Andrew Arnovitz, Senior Vice President, Investor Relations – +1-514-734-5760, andrew.arnovitz@cae.com