TORONTO, November 15, 2012 – Corporate Knights, the Toronto-based media and investment research company, announced today the results of its inaugural Canadian Mining Sustainability Ranking.
The ranking measured the performance of 52 of Canada’s most well-known mining companies on 12 sustainability indicators, ranging from Energy Productivity and Carbon Productivity, to CEO-Average Worker Pay and Leadership Diversity.
Barrick Gold (TSX: ABX), the Toronto-based integrated gold producer, emerged as the top-performing company in the ranking. Barrick’s number one position in the ranking was driven by top-tier disclosure practices and strong across-the-board sustainability performance, with particular strengths in Water Productivity, an indicator that measures the amount of revenue companies generate for every cubic metre of water used throughout their operations, and Pay Equity, an indicator that shows the spread in total remuneration between an organization’s top earning senior executive and an average employee.
“Our first-ever Canadian Mining Sustainability Ranking is designed to show which Canadian mining companies are taking the lead on sustainable measures of performance,” said Doug Morrow, Head of Research at Corporate Knights.
“In the mining industry, strong sustainability performance is not just a nice-to-have – it’s an essential condition for survival as a business,” added Morrow. “Our ranking provides investors and other stakeholders with a transparent, data-driven framework to identify the top overall sustainability performers in the Canadian mining industry.”
Barrick was closely followed by Teck Resources (TSX: TCK.A), the Vancouver-based diversified miner, in second place, and Inmet Mining (TSX: IMN), the Toronto-based copper, zinc and gold producer, in third place. Companies at the bottom of the ranking included Rubicon Minerals (TSX: RMX), Silver Wheaton (TSX: SLW) and Kirkland Lake Gold (TSX: KGI).
The Canadian Mining Sustainability Ranking is one of five annual corporate sustainability rankings conducted by Corporate Knights. The others include the Global 100 Most Sustainable Corporations in the World ®, the Best 50 Corporate Citizens in Canada, the S&P 500 Sustainability Ranking and the Global Mining Sustainability Ranking.
About Corporate Knights
Corporate Knights is a specialized media and investment research company. Corporate Knights is a Toronto-based, employee-owned B Corp, and a signatory to the UN Principles for Responsible Investment. Corporate Knights has three divisions. Corporate Knights Capital provides sustainable investment solutions for asset owners and managers, and benchmarking services for corporates. Corporate Knights Magazine publishes the world's largest-circulation magazine focused on sustainable business, with distribution in the Washington Post, the Globe and Mail, and direct mail to the world’s most influential business and political decision-makers. The Council for Clean Capitalism is a secretariat for a group of forward-looking companies working to catalyze policy changes so that sustainable activity in the economy is better rewarded and financed.