Vancity wins 2006 Ceres-ACCA North American Awards for Sustainability Reporting



    Mountain Equipment Co-op wins Best First-Time Report

    TORONTO, April 12 /CNW/ - Vancity Group of Vancouver won the top prize
for Best Sustainability Report in the sixth annual Ceres-ACCA North American
Awards for Sustainability Reporting. The runner-up in this year's judging is
Bristol-Myers Squibb, of New York, New York. The Award for Best First-Time
report was jointly won by Mountain Equipment Co-op of Vancouver and Green
Mountain Coffee Roasters of Waterbury, Vermont.
    These awards are presented jointly by the Association of Chartered
Certified Accountants (ACCA) and Ceres, a Boston-based national coalition of
environmental groups and investors. The aim of the Awards is to encourage and
acknowledge superior reporting on environmental, social and sustainability
performance by corporations and other organizations across North America.
    Lynn Beauregard, Administrative Director and Head of ACCA Canada said,
'The best reports this year set ambitious goals, made the business case for
sustainability, gave readers a sense of organizational strengths, and
reflected both the laudatory and critical feedback of key stakeholders. We are
proud to recognize the innovation and leadership these companies have
demonstrated in recognizing the importance of improved non-financial
reporting. We encourage other to follow their lead.'
    'Sustainability reporting is the driver, the lynchpin, to improving
corporate performance on sustainability challenges such as workplace
conditions or global climate change,' said Mindy S. Lubber, president at
Ceres. 'These winning reports are the best of the best in articulating
sustainability strategies, setting clear targets, and identifying actions and
areas that need improvement.'
    This year there was a record 102 entries from Canada, the US and Mexico.
From these, 19 entries were short listed, including eight Canadian companies:
Alcan, Mountain Equipment Co-op, Nexen, PotashCorp, Shell Canada, Telus,
TransAlta and Vancity.
    The winners were selected by a diverse 13-person independent panel of
judges with representatives from Harvard University, Industry Canada,
Pollution Probe, the Conference Board and Canadian Business for Social
Responsibility. The judging criteria focused on completeness, credibility and
effectiveness of communication.

    Best Sustainability Report - VanCity Group

    Vancity was the First Runner-Up Award winner in 2004. This year's report
provides a comprehensive dashboard of performance measures, progress to date
towards existing goals and action plans, and new goals for the next 3-year
period. It also describes extensive stakeholder engagement efforts, and is
verified by an external auditor. VanCity also promotes individual
accountability by listing the name of each manager responsible for the goals
disclosed in the report.

    First Runner-Up, Best Sustainability Report - Bristol-Myers Squibb

    This report makes excellent use of the web, with easy-to-use navigation
allowing readers to quickly drill down to content of interest. BMS clearly
identifies the material sustainability issues affecting the company (such as,
Intellectual Property and Pricing and Access to Medicines and Healthcare), and
presents long-term goals and targets (2010) with detailed performance
indicators. It also includes clear disclosure of areas where the company has
yet to meet targets.

    Best First-Time Report (Co- winners)

    Mountain Equipment Co-op

    This report clearly conveys the company's commitment to transparency
through full disclosure of non-compliance in its supply chain. It gives a
clear articulation of the material issues for the organization and discusses
frankly the dilemmas the company faces with environmental stewardship and how
these challenges can lead to business opportunities. The report also
incorporates feedback from a stakeholder accountability panel made up of
members, supplier representatives and outdoor recreation advocates.

    Green Mountain Coffee Roasters

    This report is written in an engaging tone and discusses the complexities
of the company's coffee sourcing activities in a clear and understandable
manner. The report allows the comparison of performance data over 3 years,
expressed in absolute figures as well as in meaningful percentages and ratios.
Green Mountain also provides a thoughtful analysis of employee compensation,
one of the few reports to address this issue.
    The sixth annual Ceres-ACCA North American Awards for Sustainability
Reporting will be presented today at a luncheon ceremony at the Albany Club in
Toronto.

    About ACCA 
http://www.accaglobal.com/publicinterest/activities/subjects/sustainability/

    The Association of Chartered Certified Accountants (ACCA) has promoted
transparency in reporting the impact of business activities on sustainable
development since 1991 and is involved in reporting awards in more than 20
countries around the world. ACCA is the largest international accountancy body
with 296,000 students and 115,000 members in 170 countries. About Ceres:
www.ceres.org

    Ceres is a national coalition of investors, environmental groups and
other public interest organizations working with companies to address
sustainability challenges such as global climate change.





For further information:

For further information: Paul Costello, Senior Advisor Public Affairs
and Communications, ACCA Canada, (416) 270-4004,
Paul.Costello@ca.accaglobal.com

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