Skip to main content

Report On Business Nine Canadian companies among world’s most sustainable

A manifold system, used to direct oil around the facility, stands near crude oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. Enbridge made the Global 100 list of the world’s most sustainable companies.

Daniel Acker/Bloomberg

Nine Canadian companies are on this year's list of the 100 most sustainable companies in the world.

The annual Global 100 list, which ranks big firms based on their environmental and corporate governance performance, is led by German car company Bayerische Motoren Werke AG. Second is French software firm Dassault Systèmes.

The top Canadian company is uranium producer Cameco Corp., which finished at No. 32. It was followed by Teck Resources Ltd. at No. 37, Enbridge Inc. at 46, Telus Corp. at 53 and five others.

Story continues below advertisement

The list, compiled by Toronto-based media and research company Corporate Knights, was released on Thursday at the World Financial Forum in Davos, Switzerland. It ranks major corporations on more than a dozen factors, including relative energy and water consumption, greenhouse gas emissions, waste production, the strength of the company pension plan, chief executive officer-to-worker pay ratios, and board and management diversity.

The three top Canadian companies on the list – Cameco, Teck and Enbridge – work in the resource-extraction business, which does not usually get high marks for sustainability. But Corporate Knights CEO Toby Heaps said these firms are measured against their industry peers, and they get good marks for how they use their resources and treat employees and shareholders.

"[The rankings] are not asking if the products or services they make are good or controversial; it is just asking if they are conducting themselves, operationally, in a sound, efficient manner that abides the social contract," Mr. Heaps said. "This ranking is meant to just say – accepting the economy as it is – who is doing the best job out there against their peers."

The only companies that are excluded from consideration are weapons makers and tobacco firms – "any company whose main product has the primary effect of killing people," he said.

Cameco, Teck and Enbridge do particularly well in the rankings on their use of energy, level of greenhouse gas emissions and waste production.

One area where all the Canadian companies on the list excel is in linking top executive pay to corporate sustainability targets. Every one of the nine Canadian firms makes this link, and got points for it. For the entire list of 100 companies, 87 per cent of firms had this link – a proportion that has risen sharply in the past few years.

To compile the list, Corporate Knights started with 4,353 global companies with a market capitalization of more than $2-billion (U.S.), then cut this down to a short list of firms that had sufficient disclosure of the key metrics. The United States had the highest number of companies on the top 100 list, with 19. France was second with 11, and Canada and Britain tied with nine each.

Story continues below advertisement

-------

By the numbers

The top 10

1. Bayerische Motoren Werke (Germany), automobiles

2. Dassault Systèmes (France), software

3. Outotec (Finland), machinery

Story continues below advertisement

4. Commonwealth Bank of Australia (Australia), banking

5. Adidas (Germany), apparel

6. Enagas (Spain), utilities

7. Danske Bank (Denmark), banking

8. StarHub (Singapore), telecom

9. Reckitt Benckiser Group (Britain), household products

Story continues below advertisement

10. City Developments (Singapore), real estate

Canadian rankings

32. Cameco, uranium producer

37. Teck Resources, mining

46. Enbridge, energy

53. Telus, telecommunications

Story continues below advertisement

54. Toronto-Dominion Bank, banking

63. WSP Global, engineering

66. Sun Life Financial, insurance

85. Celestica, electronics

86. Bank of Montreal, banking

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter