Wednesday, July 1, 2009

Canada's Most Sustainable Businesses

According to the Global 100 Most Sustainable Corporations for 2009, Canada ranks sixth in the world with 5 sustainable companies in the top 100. The results were determined by Corporate Knights Inc., a Canadian media company and Innovest Strategic Value Advisors, a New York-based investment advisory firm.

The G100 includes companies from 15 countries encompassing all sectors. They were evaluated according to how effectively they managed environmental, social and governance risks and opportunities relative to their industry peers.

Two-thirds (65/100) of the 2008 companies remained on the list in 2009, and almost half of the 100 companies have been in existence for at least 100 years. Since 2005, these 100 corporations have outperformed the MSCI World Index by 480 basis points per annum through the end of 2008.

In recognition of Canada's birthday, here are a list of Canada's most sustainable corporations according to the 2009 G100 results announced at the World Economic Forum in Davos, Switzerland:

Encana

Encana (ECA) is a diversified oil and gas leader, they review their corporate responsibility commitments in a report that includes performance data and stories that demonstrate the firms sustainable initiatives.

Telus

Telus Corp. (TU) is a telecom provider. Their new ‘green' Internet data centre is LEED certified and will have one of the lowest carbon footprints in North America. Their high-performance sustainable buildings demonstrates a “whole building” approach to environmental health: sustainable site development, water savings, energy efficiency, materials selection and indoor environment quality.This world-class Internet data centre will create sustainable employment opportunities and the construction of TELUS' next generation wireless network is currently using leading edge mobile broadband technology.

TransCanada

TransCanada Corp. (TRP) focuses on pipeline and energy in the natural gas industry. With more than 50 years experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure. TransCanada’s businesses are organized into two segments: Pipelines and Energy. Their ability to deliver energy reliably and responsibly is rooted in their core values of integrity, collaboration, responsibility and innovation. They have made clear their respect the environment and strive to minimize our environmental impact.

Toronto-Dominion Bank

Toronto-Dominion Bank (TD) is one of Canada’s Big 5 banks with a large presence in the US. The TD Bank Financial Group is commited to the principles of sustainable development. As a responsible corporate citizen, TD recognizes that environmental and social sustainability are important to long-term economic growth. The incorporation for a sustainablitlity perspective helps us to reflect the values of all stakeholders in everything they do. They endeavour to manage and marshal their resources in a way that promotes the wellbeing of communities and the environment. That means paying attention to issues such as biodiversity, forest ecosystems and climate change. TD has organized their environmental framework around forest biodiversity, climate change, aboriginal peoples and minimizing their operational footprint.

Royal Bank

The Royal Bank of Canada (RY) is the most profitable bank in Canada. They believe the environment is fundamental to the sustainability of their communities, clients and their company. And they believe that they can help to preserve the environment, while at the same time providing both short- and long-term benefits to their shareholders, clients and employees. They have prioritized three environmental issues alongside public education. Climate Change, Forestry, Biodiversity and Indigenous Peoples and Water. The Royal Bank's Blue Water Project is providing $50 million in grants to support initiatives that help protect watersheds and ensure access to clean drinking water around the world. The Royal Bank's Environmental Policy, Responsible Lending, Environmental Objectives, Environmental Footprint, and Environmental Blueprint are important features of the bank's tangible committments to the environment.

The success of these Canadian companies illustrates that sustainability is a key success factor. An environmentally responsible vision is vital to both the planet and business' competitive positioning.

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