GUELPH, ON, June 8, 2012 /CNW/ - Co-operatives took four of the top six
spots in the 2012 Best 50 Corporate Citizens in Canada ranking,
announced yesterday by Corporate Knights. The Co-operators was ranked
third, with fellow co-operatives Desjardins, Vancity and Mountain
Equipment Co-op taking first, second and sixth respectively.
Corporate Knights is an organization dedicated to the promotion of
responsible business practices in Canada and the advancement of social
and environmental sustainability worldwide. Its annual ranking is based
on environmental, social and governance indicators found in the public
domain. Specific indicators include the health and quality of an
employer's pension plan, the diversity of its board of directors,
executive remuneration, transparency in Global Reporting Initiatives,
use of resources, and board-level oversight of sustainability issues,
among other criteria.
"It's fitting that during 2012, the International Year of Co-operatives,
co-ops and credit unions are ranked so highly on this list," said Kathy
Bardswick, President and CEO of The Co-operators. "It reflects the
genuine commitment that so many co-ops have to serving their members
while contributing to the well-being of their communities. Throughout
Canada and around the world, co-ops are viable, highly competitive
enterprises working to build a more inclusive, equitable and
sustainable world for future generations."
The Co-operators has a long-standing commitment to supporting Canadian
communities and has been a member of Imagine Canada for the past 15
years. In 2008, it embarked upon its sustainability journey, during
which it has developed a formal strategy to embed sustainable practices
into its operations and moved toward its vision of being a catalyst for
sustainability. For more information, please see The Co-operators 2011
Sustainability Report at www.cooperators.ca.
For more information on the Best 50 Corporate Citizens in Canada, and to
view the list in its entirety, please visit www.corporateknights.com.
About The Co-operators:
The Co-operators Group Limited is a Canadian-owned co-operative with
more than $38 billion in assets under administration. Through its group
of companies it offers home, auto, life, group, travel, commercial and
farm insurance, as well as investment products. The Co-operators is
well known for its community involvement and its commitment to
sustainability. The Co-operators is listed among the 50 Best Employers
in Canada. As a proud member and supporter of the co-operative sector,
The Co-operators is pleased to celebrate 2012: The International Year
of Co-operatives. For more information visit www.cooperators.ca.
SOURCE The Co-operators
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