The Top 50 Socially Responsible Companies in Canada were selected on the basis of their performance across a broad range of environmental, social and governance (ESG) indicators tracked by Sustainalytics. The companies selected rank at the top of their respective industries in Sustainalytics‘ Global Platform. These companies have demonstrated strong performance in areas such as environmental initiatives, impact on local communities, treatment of employees and supply-chain management. Some are notable for their development of products or services that contribute directly to sustainability. Companies must also demonstrate strong public disclosure on ESG management and performance. The companies have also been screened for their level of complicity in major controversies to determine their degree of severity and accountability.
Each of the companies featured is either Canadian-listed or a wholly owned subsidiary of a foreign-listed company with significant operations or brand presence in Canada. Each of the companies has a significant market capitalization or brand presence in Canada and is featured on at least one of the following lists: the ROB Top 1000, the ROB Top 350, the Globe and Mail’s 20 Largest Co-Ops and Credit Unions or Interbrand’s Best Canadian or Best Global Brands lists. Given that Canadian subsidiaries of foreign companies are inextricably linked to their parent companies, the evaluation is based on the performance of the foreign corporate entities. The Top 50 Socially Responsible Companies are categorized across 10 diverse industries, distinguished as consumer-facing, garnering significant public interest and demonstrating a diversity of sustainability challenges and approaches.
Sustainalytics’ research process includes a thorough examination of company documents, media sources, online databases, government sources and NGO research, as well as direct communication with key stakeholders. Analysts use a Best-of-Sector™ methodology to compare companies within a given peer group to industry best practices.
Sustainalytics’ research is used by some of the world’s largest institutional and individual investors who consider environmental, social and governance performance, in addition to financial performance, in the management of their investments.
By Sustainalytics analysts Annie White, Arne Philipp Klug, Dayna Linley-Jones, Gurneesh Bhandal, Heather Lang, Irene Sosa, Kirsten Boer, Larysa Metanchuk, Laurence Loubieres, Melissa Chase, Paula Glick, Philip Mackellar, Rohan Padhye, Sheila Oviedo, Stephanie LeNguyen and Tyler Payne.