2019 Best 50 results

Illustrations by Kaley McKean

Every year, Corporate Knights ranks Canadian companies with an annual revenue of over $1 billion on up to 21 indicators. Below is the Best 50 summary chart for 2019, including the clean revenue result for each company, which is percentile-ranked against industry peers and weighted at 50% toward the overall score.


For complete scores, return to 2019 Best 50 landing page and click on 'free results.'


Rank 2019 Best 50CompanyPeer groupClean revenue source% Clean Revenue*Final Score
1The Co-operatorsInsuranceInvestment earnings from impact investments, and insurance premiums for green products12.3%81.0%
2Hydro-QuébecWholesale PowerRevenue from hydro generation, transmission and distribution99.6%77.6%
3Algonquin Power & Utilities CorpElectric UtilitiesRevenue from renewable generation (hydro, wind, solar), renewable electricity distribution, water reclaimation and distribution64.7%76.6%
4Teck Resources LtdMetal Ore MiningRevenue from 8 TSM (Towards Sustainable Mining) AA- and AAA-rated mines94.3%76.2%
5Bombardier IncAerospace and Defense ManufacturingRevenue from intercity, regional and freight rail transportation solutions, including high speed trains, commuter trains, and metros51.5%74.0%
6Cascades IncContainers and PackagingRevenue from products that are made from recycled fibre82.1%72.7%
7Desjardins GroupBanksInterest income renewable energy loans and investment interest from clean-tech investments, as well as fees earned from SocieTerra and Priority Terra funds1.6%71.6%
8Transcontinental IncPrinting ServicesPrinting revenue from sustainability certified paper (FSC, PEFC)60.5%71.3%
9Société de transport de MontréalOther Passenger TransportationOpus card revenue, and revenue from subway and hybrid buses54.3%70.3%
10Kruger ProductsPersonal Care and Cleaning ProductsRevenue from paper products made from certified sustainably sourced (FSC) and recycled pulp46.2%70.1%
11Vancouver City Savings Credit UnionBanksInterest income from impact loans and investments11.0%69.4%
12Stantec IncFacilities and Construction ServicesRevenue from consulting services in environmental services and water30.4%69.3%
13Toronto Hydro Corp.Electric UtilitiesRevenue from renewable energy transmission and distribution33.1%68.5%
14EPCOR UtilitiesElectric UtilitiesRenewable energy generation and transmission as well as water services and wastewater transmission28.0%68.1%
15Suncor Energy IncIntegrated Oil and Gas Exploration and ProductionRevenue from wind, co-generation and biofuel production0.9%67.3%
16Hydro One LtdElectric UtilitiesRevenue from renewable energy transmission and distribution33.1%67.1%
17Mountain Equipment Co-opApparel and Accessories RetailRevenue from Environmentally Preferred (at least 50% recycled, organic cotton or bluesign labelled) and FairTradeproducts7.8%66.0%
18Energir IncNatural Gas UtilitiesRevenue from renewable energy generation (wind, solar)14.9%64.2%
19Sun Life Financial IncInsuranceInvestment earnings from investments in renewable energy, green bonds, transit, hospitals and long-term care infrastructure7.8%63.7%
20Canadian National Railway CoCargo Transportation and Infrastructure ServicesRevenue from non-coal and non-petrolum freight80.9%63.4%
21BGISFacilities and Construction ServicesRevenue from energy efficient buildings and consulting20.5%63.2%
22Catalyst Paper CorpForestry and Paper ProductsRevenue from paper related products made up of sustainability certified (FSC, PEFC) and recycled pulp29.8%63.1%
23British Columbia Hydro and Power AuthorityWholesale PowerRevenue from hydro generation98.5%62.9%
24Fortis IncNatural Gas UtilitiesRevenue from renewable energy generation (solar, wind, hydro)21.9%62.7%
25Canadian Tire Corporation LtdGeneral Merchandise RetailRevenue from energy-efficient products and smart home products2.0%62.7%
26The University of British ColumbiaPersonal Professional ServicesRevenue from sustainability courses and government grants for sustainability research7.3%60.2%
27Ivanhoe Cambridge IncReal Estate Investment and ServicesCertified LEED Gold buildings19.6%59.9%
28Manitoba Hydro-Electric BoardWholesale PowerRevenue from hydro generation82.9%59.0%
29High Liner Foods IncFood and Beverage ProductionSales revenue from sustainabily-caught and raised seafood (MSC, ASC)16.0%58.6%
30Ontario Power Generation IncWholesale PowerRevenue from hydro and wind generation31.7%58.5%
31Cogeco Communications IncWireless and Wireline Telecommunications ServicesWireless revenue based on energy-efficient data centres in Barrie, ON; Pullman, ON; Portsmouth, UK13.8%58.2%
32Northland Power IncWholesale PowerRevenue from wind and solar generation67.3%57.3%
33Alectra IncElectric UtilitiesRevenue from renewable energy, water transmission and distribution33.7%56.8%
34Thomson Reuters CorpInternet and Data ServicesData revenue that uses renewable energy9.9%55.7%
35HSBC Bank CanadaBanksInterest income from sustainable loans and green bond revenue0.5%55.1%
36Canadian Solar IncElectrical Equipment and Power SystemsRevenue from solar panel manufacturing100.0%54.3%
37Bank of MontrealBanksInterest income renewable energy loans, First Nations loans, community development loans, renewable energy financing advisory services, and green bond investment0.7%53.6%
38Telus CorpWireless and Wireline Telecommunications ServicesWireless revenue based on energy-efficient data centres in Rimouski and Kamploops2.6%53.3%
39Enbridge IncMidstream EnergyRevenue from renewable energy generation and transmission1.2%53.0%
40Sunopta IncFood and Beverage ProductionRevenue from organic products36.6%53.0%
41Iamgold CorpMetal Ore MiningRevenue from 3 IAMGOLD Mines with TSM AA93.0%52.5%
42Brookfield Renewable Partners LPWholesale PowerRevenue from hydro, solar and wind generation62.7%52.1%
43Canadian Imperial Bank of CommerceBanksInterest income from renewable energy loans0.2%51.8%
44Celestica IncManufacturing Equipment and ServicesRevenue from smart meters, energy storage and repair services5.0%51.8%
45Royal Canadian MintMetal ProductsRevenue from recycled coins6.1%50.7%
46Capital Power CorpWholesale PowerRevenue from wind generation24.0%50.6%
47Canfor Pulp Products IncForestry and Paper ProductsRevenue from products made from sustainably-certifed PEFC pulp67.9%49.8%
48Farm Credit CanadaBanksInterest income from energy loans for environmental practices0.05%49.2%
49Maple Leaf Foods IncFood and Beverage ProductionRevenue from protein-based products3.3%49.1%
50Agnico Eagle Mines LtdMetal Ore MiningRevenue from 5 Agnico Mines with TSM AA or AAA70.0%42.3%

*Clean Revenue is calculated according the Corporate Knights Global Clean Revenue Taxonomy, with the exception of the Metal Ore Mining companies, which were scored based on the % of their revenue certified to AA or AAA according to Towards Sustainable Mining.


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The Best 50 Corporate Citizens project is supported by the Canadian Industry Partnership for Energy Conservation (CIPEC). CIPEC offers energy management solutions, financial support, technical tools and networking opportunities to help Canadian industry save money through energy efficiency.




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