DEPARTMENTSWe 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
