Corporate Knights Announce Top 50 Corporate Citizens
Domtar, Cascades, Catalyst, Transcontinental and Tembec have been named among the Top 50 Corporate Citizens by Corporate Knights magazine in its 10th annual ranking. Corporate Knights recognizes "clean capitalism" in Canada.
The Co-operators Group took the top position, followed by retailer Mountain Equipment Co-op. The forestry and paper products sector had a strong showing, with Domtar named third on the list while Cascades, Catalyst, Canfor and Tembec took seventh, 13th, 20th and 47th respectively. Media conglomerate Transcontinental holds the 24th spot in the 2011 ranking.
The methodology for the Best 50 Corporate Citizens is based on environmental, social, and governance indicators found in the public domain. Scores were based on hard financial data in those areas, including information such as the ration between the highest-paid executive compared to the lowest-paid employee; percentage of women, Aboriginal, and visible minorities in its Boards of Directors; carbon productivity and more.
"Ten years ago, Corporate Knights ventured forth into the realm of corporate rankings — not the usual league of tables comparing revenues and profits, but the murkier space deep in the woods," writes Corporate Knights Editor Toby Heaps. "This shaded area of corporate eco-social performance will answer civilization’s big question: Can we find a way to reconcile our capitalist system on this hot and crowded planet or does an age of Mad Max proportions await?"
The full ranking list can be found here
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