Suncor has once again earned a place among the Best 50 Corporate Citizens in Canada. The ranking was compiled by Corporate Knights, and results were recently released. Of the organizations with an annual revenue of over $1 billion considered, Suncor ranked 34th.
The Best 50 list recognizes those companies that are best positioned to thrive in a ‘clean capitalism’ economy, which Corporate Knights defines as “an economic system in which prices incorporate social, economic and ecological benefits and costs, and actors know the full impacts of their marketplace actions.”
The ranking is based on 21 key performance indicators including percentage of clean revenue, board and executive gender diversity, GHG and waste productivity, employee turnover, innovation efforts, and even the amount of taxes paid. Although the way companies have responded to the pandemic wasn’t among the indicators, Corporate Knights is calling the companies that made the cut “homegrown heroes” in leading the charge against the coronavirus by looking past the chaos and confusion to see how they could help their communities.
“It’s exciting that year after year we continue to be recognized among the best corporate citizens in Canada,” says Martha Hall Findlay, chief sustainability officer. “We know we’re a big part of the emissions challenge, but we’re also working hard to be part of the solution and have set ambitious sustainability goals to guide the way. This acknowledgment demonstrates that others see the work we’re doing, and that’s something we can all be proud of as Suncor employees.”