The Co-operators has ranked third in Corporate Knight's annual list of the best corporate citizens in Canada.
The announcement, which was made last week, noted that this is the seventh consecutive year that The Co-operators has made the top ten. First place went to Vancouver City Savings Credit Union, while WestJet Airlines came in second.
When ranking companies, Corporate Knights considers such things as energy, carbon, and water productivity (i.e, revenue generated per unit of consumption), as well as other factors such as the percentage of women on the board, how much the CEO earns compared to the average worker, the level of employee turnover, and the funded status of the firm's pension plan.
Economic, environmental and social priorities
"Addressing society's economic, environmental and social priorities is at the heart of our sustainability efforts and stems ultimately from our co-operative principles," commented Kathy Bardswick, president and CEO of The Co-operators. "Being recognized as a leading corporate citizen alongside a number of other Canadian co-operatives speaks volumes about the contributions the co-operative sector makes to help create a resilient, more equitable society and economy."