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Zenon Environmental leads Top 50 list of corporate citizens
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Zenon Environmental, a manufacturer of water purification systems, was named the top performer in a recent study of the Top 50 socially responsible corporations listed on the Toronto Stock Exchange. Corporate Knights, a new quarterly magazine dedicated to corporate social responsibility, published the list in its premier issue, distributed to 105,000 Canadians in June. The founders are Paul Fengler and Toby Heaps. The scores for the ranking were calculated by Michael Jantzi Research Associates (MJRA), using their Canadian Social Investment Database™ to assign five-year historical scores of between -100 to 100 for Canada’s 300 largest public companies in six different categories: community, employee relations/diversity, environment, international, product safety and business practices, and corporate governance. A seventh score for share performance was calculated by Corporate Knights, and then all seven scores were weighted according to a stakeholder model. The company that scored the highest was Zenon Environmental Inc. of Oakville, Ont., which manufactures and distributes cell membrane systems that purify water without harmful chemicals. In addition to the socially responsible and environmentally sustainable nature of its product, Zenon scored highly in terms of community involvement for its donation of a water filtration system to the Temagami First Nation and employee relations through its comprehensive decision-making and profit sharing program. The Best 50 Corporate Citizens for 2002 were (scores out of 100):
For more information, visit Corporate Knights
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