The Co-operators ranked #3 among Best Corporate Citizens in Canada

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Guelph, ON (June 9, 2016) – In a new report, The Co-operators is ranked #3 among the Best 50 Corporate Citizens in Canada by Corporate Knights. This marks the seventh consecutive year the organization has made the list in the top ten. It is joined this year by three other Canadian co-operatives.

The Co-operators commitment to being a good corporate citizen includes efforts to identify and address unmet societal needs. In 2015, it demonstrated this commitment when it became the first Canadian insurance company to offer overland flood insurance with the launch of its new Comprehensive Water product in Alberta.

This spring, The Co-operators announced its commitment to impact investing, establishing a target of 6 to 10 per cent of its invested assets to be classified as impact investments by the end of 2018. Further demonstrating its leadership in sustainability, as a signatory to the Montreal Carbon Pledge, the organization disclosed the carbon footprint of its equity portfolio and its investment firm, Addenda Capital, did likewise with its equity funds, becoming the first Canadian asset manager to do so.

“Addressing society’s economic, environmental and social priorities is at the heart of our sustainability efforts and stems ultimately from our co-operative principles,” said Kathy Bardswick, president and CEO of The Co-operators. “Being recognized as a leading corporate citizen alongside a number of other Canadian co-operatives speaks volumes about the contributions the co-operative sector makes to help create a resilient, more equitable society and economy.”

Corporate Knights is an organization dedicated to the promotion of responsible business practices and the advancement of social and environmental sustainability. To create its annual ranking, it assesses corporations’ performance based on 12 key performance indicators covering resource, employee and financial management.

For more information about The Co-operators sustainability performance, please see its sustainability report at cooperators.ca/sustainability_report.

Best Corporate Citizens in Canada

The 30 highest-ranked companies are shown below. To view the 2016 Best 50 Corporate Citizens in Canada report, please visit corporateknights.com.

Rank Company Name GICS Industry Group Overall Score
1 Vancouver City Savings Credit Union Banks 70%
2 WestJet Airlines Ltd Airlines 64%
3 Co-operators Group Insurance 62%
4 Enmax Corporation Multi-Utilities 62%
5 Enbridge Inc Oil, Gas & Consumable Fuels 62%
6 Cameco Corp Oil, Gas & Consumable Fuels 62%
7 Mouvement des Caisses Desjardins Banks 62%
8 Transat AT Inc Airlines 62%
9 Sun Life Financial Inc Insurance 61%
10 Teck Resources Ltd Metals & Mining 61%
11 Toronto-Dominion Bank Banks 60%
12 Cenovus Energy Inc Oil, Gas & Consumable Fuels 60%
13 Bank of Montreal Banks 60%
14 Royal Bank of Canada Banks 60%
15 WSP Global Inc Construction & Engineering 58%
16 Agrium Inc Chemicals 58%
17 Mountain Equipment Co-op Textiles, Apparel & Luxury Goods 57%
18 TELUS Corp Diversified Telecommunication 57%
19 Celestica Inc Electronic Equip., Instruments 57%
20 TransCanada Corp Oil, Gas & Consumable Fuels 56%
21 IGM Financial Inc Capital Markets 55%
22 Kinross Gold Corp Metals & Mining 55%
23 HSBC Bank Canada Banks 54%
24 Bombardier Inc Aerospace & Defense 54%
25 Tim Hortons Inc Hotels Restaurants & Leisure 53%
26 Hydro One Inc. Electric Utilities 53%
27 Agnico Eagle Mines Ltd Metals & Mining 53%
28 Canadian Imperial Bank of Commerce Banks 52%
29 Imperial Oil Ltd Oil, Gas & Consumable Fuels 52%
30 Intact Financial Corp Insurance 52%
31 Aimia Inc Media 52%

About The Co-operators

The Co-operators Group Limited is a Canadian co-operative with more than $40 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. It is ranked #3 on Corporate Knights’ Best 50 Corporate Citizens in Canada list, included among the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean’s magazine, and the 50 Best Employers in Canada by Aon Hewitt. For more information visit www.cooperators.ca.

About Corporate Knights

Corporate Knights is a media and research firm based in Toronto, Canada. Corporate Knights’ mission is to accelerate the transition to long-term sustainable capitalism by helping companies and investors to quantify and optimize their sustainability impact. For more information about Corporate Knights, please visit www.corporateknights.com.