Future 40: Responsible Corporate Leaders in Canada
The difference between Corporate Knights’ Future 40 ranking and its annual Best 50 ranking has to do with the size of the companies represented.
To make the Best 50, companies need to have at least $2 billion in revenues. Under that, companies fall into the Future 40.
The information that makes up the Future 40 is collected from publicly traded companies that disclose their environmental, social and governance data either through CSR/sustainability reports or some other publicly accessible medium. That data is aggregated by organizations such as Bloomberg. For non-publicly traded companies, reports identified by the GRI are used.
Canada’s 2015 Future 40 (Top 5)
|1||Export Development Canada (EDC)||Diversified Financial Services||69.9%|
|2||York University||Diversified Consumer Services||67.4%|
|3||Societe de transport de Montreal (STM)||Transportation Infrastructure||65.2%|
|4||Port Metro Vancouver||Transportation Infrastructure||63.2%|
|5||HudBay Minerals Inc||Metals & Mining||58.7%|
View the full list here.
Corporate Knights considers the Future 40 a kind of farm team that feeds future sustainability leaders into the big leagues of the Best 50 ranking.
In this respect, the Future 40 offers us insights into how performance on the Best 50 might change over time.
How does that translate to CEO salaries, from “farm team” to “big leagues”?
We decided this year to zero in on CEO pay relative to average worker pay. Is the gap, on average, larger in the Best 50 universe compared to the Future 40? Some industry groups simply don’t disclose this information. However, we were able to draw comparisons between six industry groups that met our disclosure threshold: energy, financials, industrials, materials, telecom services and utilities.
Corporate Knights Inc. (CK) has two subsidiaries: CK Media, which includes the award-winning business and society magazine Corporate Knights, and CK Capital, which produces corporate rankings, research reports and financial products based on corporate sustainability performance. Its best-known rankings include the Best 50 Corporate Citizens in Canada and the Global 100 Most Sustainable Corporations. In June 2013,Corporate Knights was named “Magazine of the Year” by Canada’s National Magazine Awards Foundation.
CK is an excellent resource for those interested in corporate social responsibility programs and sustainability in Canada. Learn more about clean capitalism, and subscribe to newsletters or the magazine here.