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Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s):  T.CHE.DB.H | T.CHE.UN | CGIFF | T.CHE.DB.F | T.CHE.DB.G

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.


TSX:CHE.DB.E - Post by User

Post by Khersonon Jun 11, 2023 9:26pm
379 Views
Post# 35490936

Something is very wrong, Emily Powers?

Something is very wrong, Emily Powers?As you all know, I earlier today made reference to Chemtrade's Health and Safety Programs and the link provided to their 2020 Sustainability Supplement from their website, It has since been "firmly" brought to my attention to look a little deeper into the actual numbers, specifically Contractor First Aid Rates, per 100 employees
In the 2020 Sustainability Supplement, the FAT rates are as follows;
2018 - 11.05
2019 - 5.97
2020 - 1.5
As can be seen from the material provided on Chemtrade's website, it looks like Chemtrade was doing a great job at reducing First Aid rates for contractors.
If you now look at the AIF issued for the 2021 year, the published Contractor First Aid Rate is;
2021 - 1.45
Wow, the number is even better!
The problem is, according to the newest AIF issued just this past March, those rates for 2020 & 2021 are bogus! The following are the new numbers published in Chemtrade's 2022 AIF:
2020 - 10.5
2021 - 9.19
2022 - 9.87
Therefore, looking at what I believe to be now the correct numbers, also puts Chemtrade's published 2019 First Aid Rate of 5.97 into serious doubt.
The first question that has to be asked to Emily Powers, since she is in charge of Human Resources and Responsible Care, just how did this happen? Are the updated First Aid numbers from the 2022 AIF report correct? Are there any other incident numbers from the last 5 years that are not correct? Finally, why were these descrepancies not clearly pointed out in any of the information released by Chemtrade?
Kherson
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