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Caution regarding forward-looking statements

The following webpages contain forward-looking statements including, without limitation, statements relating to BCE’s dividend growth objective, 2024 annualized common share dividend and dividend payout ratio level, and dividend payout policy target, BCE’s anticipated capital expenditures, network deployment plans and the benefits expected to result therefrom, our transformation initiatives and restructuring and the benefits expected to result therefrom, our ESG objectives and the benefits expected to result therefrom (which include, without limitation, our objectives concerning customer experience, energy savings, circular economy and waste reduction, community investment, privacy and information security, network reliability, corporate governance and ethical business conduct leadership, reductions in the level of our GHG emissions including, without limitation, our carbon neutrality (scope 1 and 2 only) target and our science-based targets, and our carbon abatement objectives), the expected impacts on our company of various climate-related events, business opportunities that could result from climate change, BCE’s business outlook, objectives, plans and strategic priorities, and other statements that do not refer to historical facts. A statement we make is forward-looking when it uses what we know and expect today to make a statement about the future. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, project, strategy, target, commitment and other similar expressions or future or conditional verbs such as aim, anticipate, believe, could, expect, intend, may, plan, seek, should, strive and will. All such forward-looking statements are made pursuant to the safe harbour provisions of applicable Canadian securities laws and of the United States (U.S.) Private Securities Litigation Reform Act of 1995.

Unless otherwise indicated by us, forward-looking statements in the following webpages describe our expectations as at March 7, 2024 and, accordingly, are subject to change after that date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in, or implied by, such forward-looking statements and that our business outlook, objectives, plans and strategic priorities may not be achieved. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. Forward-looking statements are presented in the following webpages for the purpose of assisting readers in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned, however, that such information may not be appropriate for other purposes.

We have made certain economic, market, operational and other assumptions in preparing the forward-looking statements contained in the following webpages, which include, without limitation, the assumptions described in the subsections of the BCE 2023 Annual MD&A entitled Assumptions, which subsections are incorporated by reference in this cautionary statement. Subject to various factors, we believe that our assumptions were reasonable at March 7, 2024. If our assumptions turn out to be inaccurate, actual results or events could be materially different from what we expect.

Important risk factors that could cause actual results or events to differ materially from those expressed in, or implied by, the previously-mentioned forward-looking statements and other forward-looking statements contained in the following webpages, include, but are not limited to, the risks described in section 9, Business risks of the BCE 2023 Annual MD&A, which section is incorporated by reference in this cautionary statement.

Forward-looking statements contained in the following webpages for periods beyond 2024 involve longer-term assumptions and estimates than forward-looking statements for 2024 and are consequently subject to greater uncertainty. They assume, unless otherwise indicated, that the relevant assumptions and risks described in the BCE 2023 Annual MD&A will remain substantially unchanged during such periods.

We caution readers that the risk factors described in the previously-mentioned section and in other sections of the BCE 2023 Annual MD&A are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also have a material adverse effect on our business, financial condition, liquidity, financial results or reputation. We regularly consider potential acquisitions, dispositions, mergers, business combinations, investments, monetizations, joint ventures and other transactions, some of which may be significant. Except as otherwise indicated by us, forward-looking statements do not reflect the potential impact of any such transactions or of special items that may be announced or that may occur after March 7, 2024. The financial impact of these transactions and special items can be complex and depends on facts particular to each of them. We therefore cannot describe the expected impact in a meaningful way, or in the same way we present known risks affecting our business.

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  • Environmental
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Environmental

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  • Maintaining sustainable real estate
    • Reducing the environmental impacts of our street furniture
    • Reforestation

In preparing this webpage, we have considered the information available until March 6, 2025.

This webpage serves as complementary information to our 2024 Integrated annual report and offers insights into our sustainable real estate, street furniture and reforestation initiatives. For impact stories about our environmental initiatives, visit our Bell for Better website.

Maintaining sustainable real estate

Image representing our Head office in Montréal

We maintain sustainability features to help reduce the impacts of our buildings on the environment through the implementation of processes, features and initiatives that are more sustainable in certain areas of our real estate portfolio. Some of these include:

Sustainability initiatives
Sustainable building
Features and benefits
Sustainable construction materials or design
  • Reflective roofs that help reduce the urban heat island effect in certain neighbourhoods.
  • Green roofs that reduce roof surface and surrounding air temperatures and stormwater runoff.
Exterior biodiversity
GRI 304-2
  • Bee-hive installation that introduces pollinators and increases urban biodiversity.
Efficient water use
GRI 303-1
  • The ongoing installations of low-pressure water distributors and upgrading or changing cooling towers contribute to reducing water consumption.
Interior greening
GRI 304-2
  • Indoor green walls that reduce air pollutants, improve biodiversity, reduce noise and improve the occupants' sense of well-being.
Ecologically-friendly maintenance
GRI 306-2
  • Use of environmentally certified cleaning products that avoid toxic ingredients.
Sustainable transport
GRI 305-1
  • Providing bicycle racks at workplaces to encourage active and more sustainable transportation.
  • Participation in municipal and regional public transportation programs that offer employees a discount on monthly transport passes.
  • Participation in municipal programs offering employee discounts on bicycle rentals in Montréal, Toronto and Vancouver.
  • Offering free self-service bicycles to our employees at the Montréal campus.

Reducing the environmental impacts of our street furniture

GRI 301-2 GRI 306-2
Image representing bus shelter

In addition to maintaining a range of certifications for our buildings, Bell strives to limit the environmental impacts of street furniture deployed throughout Canadian cities. In Toronto alone, more than 4,600 of our bus shelters and 2,200 of our benches have been designed to promote the use of recycled materials and wood certified by the Forest Stewardship Council (FSC), a non-profit organization that certifies forests and products that meet strict environmental, social, and economic standards. The use of recycled materials promotes a circular economy, whereas the use of FSC-certified wood promotes responsible forest management. Additionally, when planning, modular design is preferred for street furniture as it is easily replaceable (replacement of only the damaged parts is required) and reduces the volume of waste generated. A more eco-friendly maintenance program that limits the use of chemicals complements these attributes. In addition, the upstream selection of materials that are easy to clean allows for the quick removal of graffiti and vandalism markings, whilst reducing the waste generated by the replacement of damaged parts.

Reforestation

GRI 304-2
Image representing planting trees

Since 2022, Bell has proudly partnered with Tree Canada, a national non-profit organization dedicated to planting and nurturing trees in rural and urban environments, to celebrate National Tree Day. This collaboration is a key component of Bell's commitment to greater environmental sustainability and community engagement.

For the past three years, on National Tree Day, Bell employees across Canada have rolled up their sleeves and gotten their hands dirty, planting trees in various cities. Planting trees not only helps combat climate change, promote biodiversity, and improve air quality in our communities, but it also fosters a sense of community and helps enhance employee well-being. These events are more than just a way to contribute to a greener Canada; they offer numerous benefits, including improved mental health from spending time outdoors, increased physical activity, fostering a connection with nature, mindfulness and focus.

Tree planting is a complex and rewarding endeavor. It involves selecting the right sites, choosing species that are well-suited to local climates and conditions and using proper planting techniques to ensure high survival rates.  For Bell employee volunteers, these initiatives also serve as an educational opportunity. Tree Canada provides valuable guidance on how to plant trees correctly, ensuring they thrive and contribute to the environment for years to come. Bell's involvement in these initiatives highlights our dedication to environmental stewardship and our belief in the long-term positive impacts of biodiversity. We are proud to be part of this vital effort to create a healthier and more sustainable future for Canada, contributing to Canada's 2 Billion Trees Program (2BT)1footnote 1.

expand icon Footnotes

Footnotes

1 The 2BT is a Government of Canada program aiming to provide financial support to organizations to plant 2 billion trees over 10 years (2021-2031) in the country.

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* All fractional shares were rounded down and paid in cash en lieu.
* Toutes les actions fractionnaires seront arrondies vers le bas et payées en espèce.
i IDC report IoT Adoption in Canada, 2021 by Nigel Wallis IDC#CA47059321
i  Rapport d'IDC IoT Adoption in Canada, 2021 par Nigel Wallis, document d'IDC numéro CA47059321
1. As the Incumbent Local Exchange Carrier Bell Canada provides local exchange service to most MDUs in Ontario and Quebec.
2. Service is provided under Bell Canada's CRTC approved "Terms of Service" and no other written access agreements exist for these buildings.
3. Local Exchange Carriers requesting information on any other specific locations are requested to contact their Bell Canada Carrier Services Group representative via normal channels.
1. À titre d'entreprise de services locaux titulaire, Bell Canada offre le service local à la plupart des ILM du Québec et de l'Ontario. Le service est fourni en vertu des « modalités de service » de Bell Canada qui sont approuvées par le CRTC, et aucune autre entente d'accès n'existe pour ces immeubles.
2. Il existe un petit nombre d'ILM récemment construits auxquels Bell Canada tente encore d'accéder. Veuillez consulter les sites Web publics d'autres entreprises de services locaux pour connaître ces immeubles.
3. Les entreprises de services locaux qui ont besoin d'information sur tout autre immeuble sont priées de contacter leur représentant des Services aux télécommunicateurs de Bell Canada par les voies normales.

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