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Corporate Knights names the 50 Best Corporate Citizens in Canada - Environmental Communication Options/Huff Strategy

Corporate Knights names the 50 Best Corporate Citizens in Canada

Jul 1st, 2008 3:40 AM

Attention News/Business Reporters and Assignment Editors: IBM Tops List of 50 Best Corporate Citizens in Canada for 2008 (Toronto, Ontario, June 30, 2008) Corporate Knights has released the 7th Annual Best 50 Corporate Citizens in Canada, the definitive annual list of Canada’s top corporate citizens. Citizenship indicators include pension fund quality, diversity, pollution, CEO-pay fairness, and tax dollar generation, as well as sector specific indicators such as renewable energy investments (for financial companies) and fleet efficiency (for auto companies). The Best Corporate Citizen for 2008 was IBM. Its diverse Board of Directors, wide-ranging sustainability initiatives, innovative product lines combined to give the company strong baseline and sector-specific scores. This year, the retail sector moved up overall, thanks to the inclusion of a new retail-specific indicator that evaluated facility waste reduction and conservation. The total amount of unfunded pensions in TSX 60 companies has been declining since 2005. TSX 60 companies had a pension gap of $5.8 billion in fiscal 2007, down from $7.3 billion in fiscal 2006. “The Best 50 Corporate Citizens represent a list of companies that are set to lead--not follow--what we expect will be a year of unprecedented changes on the regulatory landscape,” says Toby Heaps, Editor-in-Chief of Corporate Knights. The full methodology and analysis of the Best 50 Corporate Citizens will be detailed at http://www.corporateknights.ca/special-reports/63-best-50-corporate-citizens.html and summarized in the Best 50 2008 issue (Vol. 7.1) of Corporate Knights, found in the Globe and Mail on June 30 in Eastern Canada and July 7 in Western Canada. The Best 50 Corporate Citizens 2008 1. IBM 2. Petro-Canada 3. McKesson Canada 4. Rio Tinto Alcan 5. Loblaw Companies Limited 6. Hydro One 7. BC Hydro and Power Authority 8. Domtar Corp. 9. Westport Innovations Inc. 10. General Electric 11. Nexen Inc. 12. Hydro-Quebec 13. Mountain Equipment Co-op 14. Thomson Reuters Corp. 15. ArcelorMittal Dofasco 16. Stantec Inc. 17. Cascades Inc. 18. Sherritt International Corporation 19. Vancouver City Savings C.U. 20. Mouvement des caisses Desjardins 21. Home-Depot 22. Transcontinental Inc. 23. CN 24. Ballard Power Systems Inc. 25. Alberta-Pacific Forest Industries Inc. 26. Shoppers Drug Mart Corporation 27. Direct Energy Marketing 28. Royal Bank of Canada 29. Canadian Pacific Railway Ltd. 30. Catalyst Paper Corporation 31. Ford Motor Company 32. Tembec Inc. 33. Bank of Montreal 34. Dell 35. Sun Life Financial Inc. 36. Potash Corporation of Saskatchewan 37. Suncor Energy Inc. 38. Teck Cominco Ltd. 39. Tim Hortons Inc. 40. Costco Wholesale Corp. 41. SNC- Lavalin (Groupe) 42. BCE Inc. 43. Canadian Tire Corporation Ltd. 44. Manitoba Hydro-Electric Board 45. Great-West Lifeco Inc. 46. EPCOR Power LP 47. Hewlett-Packard Company 48. Dupont 49. Xstrata-Falconbridge 50. Enbridge Inc. -30- For more information, contact: Melissa Shin, Corporate Knights Managing Editor 416-203-4674 Corporate Knights is Canada’s magazine for responsible business. (www.corporateknights.ca)