Follow these leaders: 2011 Corporate Reporting Awards

Start a master course in Canadian reporting with the CICA's 2011 Corporate Reporting Award winners

We gave a nod to Suncor Energy Inc. in the adjoining column as a leading example among Canadian issuers in sustainable development reporting. So it won’t be a total surprise to learn that Suncor has won the award of excellence for sustainable development reporting in the Canadian Institute of Chartered Accountants 2011 corporate reporting awards (Telus received honourable mention). The judges’ comments about Suncor make for good reading. One highlight: “A key strength of this report is the detailed description of the materiality review process.” Also notable: the company includes sustainability performance metrics and targets in its annual report.

But Suncor’s not alone. Here’s a recap of the other major winners in this year’s awards (more info at cica.ca):

Telus: Overall award of excellence

Judges: A high standard of financial reporting; the MD&A contains an exceptional discussion of management’s perspective on performance; the website is strong.

PotashCorp: Excellence in financial reporting

BMO Financial Group: Honourable mention

Judges: PotashCorp has again produced a very strong financial report, with an incredibly comprehensive overview in the message to investors.

Agnico-Eagle Mines: Excellence in electronic disclosure

PotashCorp: Honourable mention

Judges: Agnico-Eagle clearly articulates its growth strategy and investment proposition. There is exceptionally deep content on the site, and the tools make finding the information quick and easy.

TD Bank: Excellence in corporate governance disclosure

Nexen: Honourable mention

Judges: TD Bank has substantively embraced the concepts of corporate governance with disclosure that goes above and beyond what is required.

Sector Winners

Telus: Communications & Media

Catalyst Paper: Forest Products

Newalta: Life Sciences & Technology

Suncor: Oil and Gas

SNC Lavalin: Diversified Industries

BMO Financial: Financial Services

PotashCorp: Mining

Enbridge: Utilities & Pipelines/Real Estate

Tim Hortons: Consumer Products

Crown Corporations

Canada Mortgage and Housing Corp.: Larger Federal

Defence Construction Canada: Small Federal

SaskTel: Provincial

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