Toronto Hydro tops Corporate Knights' annual Future 40 ranking as companies adapt to a low-carbon future

TORONTO, April 6, 2017 /CNW/ - Corporate Knights today released the fourth annual Future 40 Responsible Corporate Leaders in Canada list, the only ranking that measures the sustainability performance of mid-sized organizations in Canada.

Toronto Hydro Corporation emerged as the top company in this year's ranking. The city-owned utility has had success reducing its carbon footprint in recent years, including a 24 per cent decrease between 2014 and 2015. While some of this was due to the final phaseout of coal power in the province, other steps like decreased emissions from its vehicle fleet and facility retrofits also played a factor. The company has also made progress through a pilot waste reduction project that has increased waste diversion 19 per cent in the past two years.

"A company's social license to survive and thrive is directly linked to how it treats people and the environment," said Toby Heaps, CEO of Corporate Knights. "The Future 40 shines a light on those companies who are leading the way." Resiliency in the Canadian economy relies on small and mid-sized businesses, which don't have access to the same resources and capital as the nation's largest companies.

To determine the top companies, Corporate Knights evaluated firms against their industry peers through the lens of 14 key performance indicators including carbon productivity, CEO to average worker pay ratio, per cent of taxes paid and safety records.

"The future of corporate sustainability among Canadian companies looks bright, as evidenced by a healthy company turnover of 28 per cent in this year's Future 40 ranking." said Michael Yow, director of research. "The competition for a spot is getting tougher and tougher as companies improve their disclosure and performance in the areas we measure."

New organizations in this year's ranking include the University of British Columbia, Algonquin Power & Utilities Corp, Kruger Products, Sherritt International Corp, Entertainment One and Golden Star Resources. Greater Toronto Airports Authority, Export Development Canada and Horizon Utilities, all top companies from past years' ranking, remain in the top 10 this year.

Appendix A:

2017 Rank

Company Name

1

Toronto Hydro Corporation

2

The University Of British Columbia

3

Manitoba Telecom Services Inc

4

Algonquin Power & Utilities Corp

5

Horizon Holdings

6

GTAA

7

Vancouver Fraser Port Authority

8

Export Development Canada

9

New Gold Inc

10

Westport Innovations Inc

11

Société De Transport De Montréal

12

Gaz Metro

13

Vermilion Energy Inc

14

Keyera Corp

15

Tembec Inc

16

Hudbay Minerals Inc

17

Nevsun Resources Ltd

18

Dundee Precious Metals Inc

19

Iamgold

20

Saskatchewan Research Council

21

Kruger Products

22

University Of Calgary

23

Primero Mining Corp

24

Farm Credit Canada

25

York University

26

Mcgill University

27

Teranga Gold Corp

28

Ivanhoe Cambridge

29

Methanex Corp

30

Detour Gold Corp

31

Newalta Corp

32

Edmonton International Airport

33

Sunopta Inc

34

Enerplus Corp

35

Sherritt International Corp

36

Pan American Silver Corp

37

Lucara Diamond Corp

38

Entertainment One

39

Golden Star Resources

40

First Capital Realty Inc

 

SOURCE Corporate Knights Inc.

For further information: Toby Heaps, CEO, Corporate Knights, (416) 203-4674, toby@corporateknights.com

RELATED LINKS
http://www.corporateknights.ca

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