Meet 2021’s Best 50 Canadian corporate citizens

Which companies earned a spot on Corporate Knights' 2021 list of Canada's best corporate citizens?

Every year since 2002, Corporate Knights has evaluated Canadian companies with annual revenue of over $1 billion on a growing number of key performance indicators. This year’s Best 50 Corporate Citizens were evaluated against 24 key performance indicators,  including the clean revenue result for each company, which is percentile-ranked against industry peers and weighted at 50% toward the overall score. Who made it to the top 50?

2021 Rank2020 RankCompanyPeer GroupClimate CommitmentsFinal Score
15Hydro-QuébecPower Generation84.5%
230ÉnergirGas Utilities82.8%
34The Co-OperatorsInsuranceNZAO82.0%
429Canadian National Railway CoFreightSBTi77.8%
5#N/ACelestica IncElectronic ProductsSBTi77.0%
621Stantec IncConsulting and Professional Services1.5°C, SBTi76.7%
724EPCOR UtilitiesPower, Transmission and Distribution76.4%
88Vancouver City Savings Credit UnionBanks and Investment Services75.7%
92Toronto Hydro CorporationPower, Transmission and Distribution74.1%
1023Ivanhoé CambridgeReal Estate70.3%
1127Northland Power IncPower Generation69.3%
126Société de transport de Montréal (STM)Passenger Transportation68.9%
139Bank of MontrealBanks and Investment ServicesNZAM67.8%
1417Brookfield Renewable Partners LPPower Generation67.2%
153Alectra IncPower, Transmission and Distribution66.5%
1635Brookfield Asset Management IncBanks and Investment Services66.9%
1720Telus CorpTelecommunications1.5°C, SBTi65.9%
1816Cascades IncPackagingSBTi65.8%
1925Kruger Products LPForest Products65.3%
20#N/AInnergex Renewable Energy IncPower Generation64.6%
2118Transat AT IncHotels64.4%
2247Cogeco Communications IncTelecommunications1.5°C, SBTi64.3%

Transcontinental Inc

Algonquin Power & Utilities Corp

Power, Transmission and Distribution

24#N/AWSP Global IncConsulting and Professional Services1.5°C, SBTi63.5%
2515Canadian Pacific Railway LtdFreightSBTi62.7%
2637IGM Financial IncBanks and Investment Services62.3%
2749HSBC Bank CanadaBanks and Investment Services61.1%
2819Sun Life Financial IncInsurance60.7%
29#N/ACanadian Imperial Bank of CommerceBanks and Investment Services59.8%
30Not allocated.
31#N/AYamana Gold IncMining57.9%
3228Ontario Power Generation IncPower Generation57.0%
3312British Columbia Hydro and Power AuthorityPower, Transmission and Distribution56.0%
3439Teck Resources LtdMining55.0%
3522RioCan Real Estate Investment TrustReal Estate53.9%
3638Canadian Tire Corporation LtdGrocery and Diversified Stores53.5%
3741Manitoba Hydro-Electric BoardPower Generation52.1%
38#N/ATransAlta Renewables IncPower Generation50.0%
3911Hydro One LtdPower, Transmission and Distribution48.9%
4048BGISReal Estate49.0%
41#N/ARoyal Canadian MintMining47.5%
4231Agnico Eagle Mines LtdMining46.9%
4332Paper ExcellenceForest Products46.6%
44#N/AIamgold CorpMining46.2%
45#N/ABASF CanadaChemicals45.6%
46#N/AManulife Financial CorpInsuranceSBTi44.5%
47#N/ACanada Post CorpDelivery Logistics44.5%
4850Toronto-Dominion BankBanks and Investment Services43.7%
49#N/AiA Financial Corporation IncInsurance43.5%
5026Mouvement des caisses DesjardinsBanks and Investment Services41.6%

*companies assigned a tied position

Climate commitments
Business Ambition for 1.5C1.5°C
Science Based Targets initiativeSBTi
Fashion Charter for Climate ActionFCCA
Net-Zero Asset Managers InitiativeNZAM
Net-Zero Asset Owners AllianceNZAO

For complete scores across all 24 key performance indicators, download our free Excel datasheet below. 

Download Full Best 50 Scorecard

Performance indicators

Clean Revenue: Percentage of total revenue derived from products and services that are categorized as “clean” under CK taxonomy

Clean Investment: Percentage of total investments in assets that are categorized as “clean” under
CK Clean Economy Taxonomy

Board/Executive Gender Diversity: Percentage of non-male board members and executives

Board/Executive Racial Diversity: Percentage of racially diverse board members and executives

Sustainability Pay Link: At least one senior executive’s compensation tied to sustainability-themed performance targets

Percentage Tax Paid: Taxes paid in cash, as a percentage of EBITDA (operating income for financial services)

Financial Sanctions: Total fines, penalties and settlements as a percentage of revenue

Paid Sick Leave: 10 or more paid sick-leave days per year

Pension Fund Status: A series of calculations assessing the generosity/viability of defined contribution/defined benefit plans

Energy/Carbon/Waste/Waste Productivity: $ revenue per unit (gigajoule/tonne/cubic metre/tonne of waste) of non-renewable energy consumption, direct/indirect CO2e, freshwater withdrawal, waste produced

VOC/NOx/SOx/PM Productivity: $ revenue per tonne of VOC, NOx, SOx and particulate matter emissions

CEO–Average Worker Pay: How much more CEO gets paid (expressed as multiple compared to average worker)

Supplier Score Sustainability: score of a company’s largest supplier by spend

Fatalities: Fatalities per total employee count

Injuries: Lost-time injuries per 200,000 work hours

Turnover: Number of departures divided by the average total employees

*For complete methodology, click here.

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