The foundations of economic freedom are personal choice, voluntary exchange, and open markets. As Adam Smith, Milton Friedman, and Friedrich Hayek have stressed, freedom of exchange and market coordination provide the fuel for. See more from our special feature on Canada’s top 50 socially responsible corporations: Risk and reputation: What the Rana Plaza collapse has taught companies in all industries about managing their supply chains; Unloading. Music video by 50 Cent performing Hustler. Warren Buffett’s tax savvy approach Warren Buffett is one of the most famous, and certainly the richest, proponents of raising taxes. What is less often remarked upon is that he is also a leading proponent of delaying tax.
Top 5. 0 socially responsible corporations: 2. Suncor Energy: The company spent $1. As they continue to face scrutiny for their lending and investment activities, some banks are now using their market power to back high- impact sustainable projects and develop sustainability- related financial products and services, such as green mortgages and green bonds. Credit unions and co- operatives maintain their influence, thanks to prudent lending practices and their unique focus on local communities. The three- year, $5. Canadian projects that contribute to a low- carbon economy. Through the study, the Co- operators Group aims to improve Canadians. Leading companies are reducing their environmental impact by implementing company- wide, time- bound reduction targets that go beyond existing regulatory obligations. As these companies expand their operations to higher- risk and remote areas, health and safety issues and community relations present ongoing challenges. Trans. Alta Corp. From 2. 01. 1 to 2. This is of particular importance, given Talisman. As demand increases in emerging markets, leading companies aim to provide greater access to healthy food, at affordable prices. Natural resource shortages, supply- chain safety and waste management remain critical issues. Pepsi. Co Inc. Through this project, Danone Canada hopes to create milk that reduces CO2 emissions while ensuring product quality and animal welfare. Kellogg Co. The company does not market any products to children under six years. Tim Hortons Inc. Tim Hortons has set a goal to source all its pork from suppliers who use alternative group housing by 2. Additionally, the manufacturing supply chain involves chemical coatings, heavy metals and volatile organic compounds resulting in intensive greenhouse gas emissions and hazardous waste generation. Across the sector, companies are increasingly devoting research and development resources to industrial water- saving technologies and sustainable urban infrastructure projects. Bombardier Inc. Bombardier plans to release EPDs for all new products by 2. Among other issues, the prize recognizes the quality- of- life improvements made by connecting previously segregated communities. M Co. The new membrane can reduce the time between water treatments by as much as 5. Philips Electronics. The company was recognized for its extensive and transparent reporting and its dedication to improving its suppliers. In doing so, the company is adapting its approach to unique local risks, such as flooding, drought or poor infrastructure. To avoid reputational and financial losses, these companies must also work closely with local communities by adopting comprehensive community consultation mechanisms throughout the life cycle of a project. Teck Resources. This favourable track record is largely due to the company. Two local representatives accompany Iam. Gold. Approximately 5. In 2. 01. 2, the company recycled 2. At its New Afton mine and its Blackwater exploration project, New Gold. Companies effectively managing these aspects are extending sustainability programs and goals throughout their network of contract workers and suppliers. Greenhouse gas emissions from retail facilities, transportation and logistics and waste management are key environmental challenges. Loblaw Cos. In the last year, this program has kept more than 2,7. Canadian landfills. In the last three years, Best Buy has donated more than $1 million in grants and technology to organizations that support youth education and development in Canada. Canadian Tire Corp. The total renewable energy generated will produce enough electricity to power 1,0. Canadian homes each year. All Rona Eco products have undergone extensive life- cycle assessments and have features that reduce the impact of key environmental problems. Canadian Tire: Thirty- two stores have installed rooftop solar systems. In turn, these companies are exposed to major supply chain risks, including worker safety, serious environmental impacts and human rights violations relating to conflict mineral sourcing and freedom of expression. Leading companies involve their suppliers throughout the value chain to minimize negative impacts over the course of a product. Roughly 2. 5 per cent of its supervisory board positions are held by women. Among other commitments, the policy states that Cisco suppliers must commit to the Electronic Industry Citizenship Coalition. Working with NGOs throughout these regions, Intel aims to reach five million women. To date, the company has invested more than $1. Oracle Corp. The tool can also generate on- the- spot environmental reporting for both voluntary and legislated emissions- reporting schemes. Since 2. 00. 3, more than 2. IBM employees and retirees have registered at the site and logged 1. TELECOM/ELECTRONICSTELEPHONY SERVICES, ELECTRONIC EQUIPMENT, COMMUNICATION EQUIPMENT, CONSUMER ELECTRONICSSimilar to the technology industry, complex supply- chain risks present challenges to telecom and electronics companies, particularly the sourcing of conflict minerals. Water use, emissions and waste generation account for much of the industry. Today, many companies are participating in multi- stakeholder initiatives to encourage the responsible disposal of e- waste. Manitoba Telecom Services Inc. Last year, 6,0. 00 company- subsidized public transit passes were issued. Collected devices are recycled or refurbished, with all proceeds channelled to the MTS Future First community investment program focused on bettering the lives of youth in Manitoba. Bell Canada. Through the partnership, Bell aims to support local innovation and liaise with clean- tech entrepreneurs to improve its environmental performance. Telus Corp. Telus also requires that a professional advocacy representative oversee the ethical treatment of animals during its productions. Sony aims to do this by continuing to reduce its energy consumption while drawing on greater renewable sources. Throughout the supply chain, poor labour conditions threaten basic human rights and present reputational risks to consumer- sensitive companies. The sector is also known for its high levels of water consumption and wastewater discharge. Increasingly, companies are integrating sustainable design elements and processes into their core product offerings.(Zara) Industria de Dise. Most recently, the partnership has worked to provide urgent medical and humanitarian aid to Syrian refugees. Its own- brand cosmetics are made without animal testing. As of 2. 01. 3, H& M stores have collected 3,0. T- shirts. Adidas AG. In 2. 01. 3, 5. 2 per cent of Gildan. Compared to traditional dyeing methods, the Color. Dry process reduces dyeing time by 4. Social concerns such as employee safety and union relations remain highly relevant. Volkswagen. Every new generation of vehicle will be 1. The company will also train 3. The guidelines set minimum industry standards for business ethics, working conditions, human rights and environmental impact throughout a company. The results of this survey are now being used to shape the company. By the end of 2. 01. ORION was deployed on 1. CO2 emissions. By the end of 2. UPS aims to have 1. Methodology: The Top 5. Socially Responsible Companies in Canada were selected on the basis of their performance across a broad range of environmental, social, and governance (ESG) indicators tracked by Sustainalytics. The companies selected rank at the top of their respective industries in Sustainalytics. These companies have demonstrated strong performance in areas such as environmental initiatives, impact on local communities, treatment of employees and supply chain management. Some are notable for their development of products or services that contribute directly to sustainability. Companies must also demonstrate strong public disclosure on ESG management and performance. Given that Canadian subsidiaries of foreign companies are inextricably linked to their parent companies, the evaluation is based on the performance of the foreign corporate entities. The Top 5. 0 Socially Responsible Companies are categorized across 1. Sustainalytics. Analysts use a Best- of- Sector.
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September 2017
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