Jun 13 2018

Raising the bar on responsibility

Posted by TransCanada
TransCanada Trout Unlimited

TransCanada’s commitment to delivering energy responsibly, being a good neighbour and a top employer has been recognized by Corporate Knights magazine with an improved ranking on its annual 2018 Best 50 Corporate Citizens in Canada list.

TransCanada ranked 22nd on the 2018 list, moving up seven spots from last year to become the top-ranked midstream energy company. This year, TransCanada was also in the top 25 per cent for key performance indicators, such as innovation capacity, safety performance, women executives and clean revenue.

Corporate Knights Inc. produces rankings and financial product ratings based on corporate sustainability performance. On average, the Best 50 Corporate Citizens paid slightly more taxes, had significantly more female leaders, generated fewer greenhouse gases and air pollution, had lower employee turnover and earned a higher percentage of their revenue from clean sources. Plus, they had a much smaller gap between the CEO and average worker pay than their large Canadian peers.

“The Best 50 Corporate Citizens define the Canadian standard for which companies are doing the most to advance a more fair and sustainable world,” says Corporate Knights Inc. CEO Toby Heaps.

Why ranking systems are important

Ranking systems, such as Corporate Knights, CDP and the RobecoSAM Dow Jones Sustainability Indices (DJSI) help us hold ourselves accountable for our performance, as well as identify the work that still needs to be done. Additionally, indices provide third-party credibility and validation of TransCanada’s economic, social and environmental commitments for our stakeholders.

Raising the bar

On June 7th, we were also honoured to receive the Environmental Excellence Award in Partnership from the Southern Gas Association for our work enhancing monarch butterfly habitat along the company right-of-way in recent years.

We were also recognized earlier this year for our commitment to responsible development by RobecoSAM, as one of the top-scoring companies in the oil and gas storage and transportation industry to be included in their 2018 Sustainability Yearbook.

All these accomplishments and a full report on TransCanada's performance in 2017 are captured in our Corporate Responsibility Report (PDF, 4.2 MB).

For more information on the Corporate Knights Best 50 Corporate Citizens in Canada, please read their story: Introducing the 17th annual Best 50 Corporate Citizens in Canada. Visit our new Awards & Recognition page to learn more about other awards and recognition TransCanada has recently received.