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Report on Business Magazine releases national corporate responsibility rankings
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In its March issue, the Globe and Mail Report on Business Magazine released a ground-breaking set of corporate social responsibility rankings of Canadian corporations. Based on the best-of-sector approach pioneered by Michael Jantzi Research Associates Inc. (MJRA), the magazine ranks Canadian companies within all major sectors of the economy. The rankings are based on a comprehensive set of social and environmental indicators. The indicators and the data were provided by MJRA. Top rated companies include: Honda Canada (auto), CIBC and Royal Bank (banking), Sleeman Breweries and Vincor International (food and beverage), George Weston Ltd. (food), Tembec Inc. (forestry), Manulife (insurance), Alcan Inc. (mining), Suncor Energy (oil and gas), Hudson's Bay Co. (retail) and Hewlett-Packard Canada (technology). The rankings provide a useful guide to socially responsible investors wishing to compare companies within sectors on their social and environmental performance. In a cover story on the rankings, David Macfarlane writes that corporate social responsibility is a growing corporate phenomenon. "In precisely the same way that conservatives successfully argued 20 years ago that it was unconscionable to leave future generations saddled with debt, companies have begun to contemplate the business implications of leaving future generations saddled with costly environmental problems and intractable social inequalities," wrote Macfarlane.
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