2015 Best 50 Corporate Citizens in Canada Ranking announced

TORONTO, June 3, 2015 /CNW/ - Corporate Knights today released its Best 50 Corporate Citizens in Canada list, the definitive annual ranking of Canada's top corporate citizens.

The ranking, which is in its 14th year, transparently measures a diverse range of Canadian enterprises on a suite of 12 sustainability metrics, including greenhouse gas productivity, percentage of taxes paid, health and safety performance and pension fund quality. To ensure "apples to apples" comparisons, companies are ranked exclusively against their industry peers, and scored on a 0-100% scale using only those metrics that are widely disclosed in their respective industries.

The Best Corporate Citizen for 2015 is the iconic coffee retailer Tim Hortons. It performed solidly across the board, with strong showings on waste recycling, water conservation and energy efficiency.

"We applaud Timmys for topping the list, and are hopeful that its sustainability know-how will paint a larger canvass in its new partnership with Burger King," says Toby Heaps, CEO of Corporate Knights.

The Corporate Knights Best 50 methodology for grading corporate citizenship, developed with financial support from Industry Canada, has helped clarify and raise the rigour and professionalism of what it means to be a good corporate citizen.

"Companies named to the Best 50 represent the Canadian standard for who is doing the best job of squeezing productivity out of our valuable resources while respecting the social contract with safe workplaces, paying their fair share of wages and taxes and ensuring leadership structures that reflect the rich diversity of our society," added Heaps.

An overview of the methodology for the Best 50 Corporate Citizens in Canada ranking is available at www.corporateknights.com/Best50_2014 and in the Best 50 2015 issue (Vol. 14.3) of Corporate Knights magazine, found in the Globe and Mail on June 4.

To track progress, Corporate Knights compared the performance of the S&P/TSX 60 companies on five of the Best 50 indicators over the past three years. There is good news on the executive compensation front, but other challenges remain:

  • Two out of three companies now link part of their executive pay to sustainability performance;
  • The CEO-to-average-worker-pay ratios came down by 12.3 per cent over the past three years. The average CEO now makes 106 times more than the average worker.
  • On the other side of the ledger, the total annual greenhouse gas emissions of the S&P/TSX 60 grew by 13.8 per cent over the past three years and now total over 201 million tonnes;
  • In regards to taxes, S&P/TSX 60 companies are now paying seven per cent less tax than three years ago. The average company five-year tax rate, calculated as the cash tax paid divided by EBITDA, is now just 13 per cent;
  • On the board diversity front, females now make up 18 per cent of directors, moving up at the pace of about one per cent a year. At this rate, it will take until 2047 before we have gender parity in the boardroom.

TSX 60 Members






Fiscal year

Total GHGs
(tonnes)

% Tax Paid
(5 yr avg)

Sustainability
Executive
Paylink

CEO-Worker
Pay
Ratio

%
Female
Directors

2013

201,581,598

13%

40/60 firms

106

18%

2012

191,803,038

16%

31/60 firms

129

17%

2011

177,408,764

20%

32/60 firms

121

16%

The 2015 Best 50 Corporate Citizens in Canada, Distribution by Province


Province

2015

2014

Ontario

19

17

Alberta

13

14

Quebec

10

10

BC

6

7

Manitoba

0

1

Saskatchewan

2

1

The 2015 Best 50 Corporate Citizens in Canada

Rank 2015

Rank 2014

Company name

GICS Industry

1

4

Tim Hortons

Hotels Restaurants & Leisure

2

2

Vancouver City Savings Credit Union

Banks

3

1

Mountain Equipment Co-op

Textiles, Apparel & Luxury Goods

4

6

Teck Resources

Metals & Mining

5

28

TELUS

Diversified Telecommunication

6

19

Enbridge

Oil, Gas & Consumable Fuels

7

5

Mouvement des Caisses Desjardins

Banks

8

3

Bombardier

Aerospace & Defense

9

7

Co-operators Group

Insurance

10

10

Cenovus Energy

Oil, Gas & Consumable Fuels

11

22

Sun Life Financial

Insurance

12

9

Toronto-Dominion Bank

Banks

13

34

Hydro-Québec

Electric Utilities

14

39

Stantec

Professional Services

15

29

Celestica

Electronic Equip., Instruments

16

13

HSBC Bank Canada

Banks

17

38

TMX Group

Diversified Financial Services

18

11

Suncor Energy

Oil, Gas & Consumable Fuels

19

23

Bank of Montreal

Banks

20

Not shortlisted*

Agrium

Chemicals

21

17

BCE

Diversified Telecommunication

22

24

Enmax

Multi-Utilities

23

14

Capital Power

Independent Power and Renewables

24

43

WestJet Airlines

Airlines

25

59

Pacific Rubiales Energy

Oil, Gas & Consumable Fuels

26

27

Kinross Gold

Metals & Mining

27

54

Cameco

Oil, Gas & Consumable Fuels

28

77

Manulife Financial

Insurance

29

36

Canadian Tire

Multiline Retail

30

21

Encana

Oil, Gas & Consumable Fuels

31

45

Catalyst Paper

Paper & Forest Products

32

8

Husky Energy

Oil, Gas & Consumable Fuels

33

20

Canadian National Railway

Road & Rail

34

26

Domtar

Paper & Forest Products

35

16

Intact Financial

Insurance

36

48

Canadian Pacific Railway

Road & Rail

37

30

Cascades

Containers & Packaging

38

31

Ontario Power Generation

Electric Utilities

39

32

Yamana Gold

Metals & Mining

40

18

Transat AT

Hotels Restaurants & Leisure

41

61

Canadian Imperial Bank of Commerce

Banks

42

41

Transcontinental

Commercial Services & Supplies

43

12

Royal Bank of Canada

Banks

44

37

Rogers Communications

Wireless Telecommunication Services

45

40

TransCanada

Oil, Gas & Consumable Fuels

46

33

Bank of Nova Scotia

Banks

47

49

Federated Co-operatives

Oil, Gas & Consumable Fuels

48

74

National Bank of Canada

Banks

49

35

TransAlta

Independent Power and Renewables

50

106

Hudson's Bay

Multiline Retail

*Companies who score in the bottom quartile on the Sanctions score are not shortlisted.

SOURCE Corporate Knights Inc.

Image with caption: "The Summer 2015 issue of Corporate Knights features our annual Best 50 Corporate Citizens in Canada ranking, and special reports on solar energy and city resilience. Also find profiles of Canada's Greenest Chief Executive and Canada's Greenest Mayor. (CNW Group/Corporate Knights Inc.)". Image available at: http://photos.newswire.ca/images/download/20150603_C6616_PHOTO_EN_17446.jpg

Image with caption: "The Summer 2015 issue of Corporate Knights features our annual Best 50 Corporate Citizens in Canada ranking, and special reports on solar energy and city resilience. Also find profiles of Canada's Greenest Chief Executive and Canada's Greenest Mayor. (CNW Group/Corporate Knights Inc.)". Image available at: http://photos.newswire.ca/images/download/20150603_C6616_PHOTO_EN_17447.jpg

For further information: Toby Heaps, CEO, Corporate Knights, toby@corporateknights.com, 416-274-1432; Michael Yow, Director of Research, Corporate Knights Capital, Michael@corporateknights.com, 416-203-4674

RELATED LINKS
http://www.corporateknights.ca

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