The Co-operators ranked #1 on Most Sustainable Co-operatives in the World list
GUELPH, ON, April 11, 2013 /CNW/ - Today, The Co-operators Group Limited was
recognized as first on Corporate Knights' new ranking of the Most Sustainable
Co-operatives in the World, based on its commitment to sustainable business
Corporate Knights is an organization dedicated to promoting "clean
capitalism," which promotes and recognizes responsible and sustainable
business practices. The Most Sustainable Co-operatives in the World ranking
was developed based Corporate Knight's flagship Global 100 methodology which
uses criteria including productivity, board diversity, resource usage,
sustainability mandate, and senior level compensation tied to sustainability.
"Our employees and advisors are to be congratulated for the efforts they have
made to help our organization become more sustainable, and act as a catalyst
for sustainability," said Kathy Bardswick, president and CEO of The
Co-operators. "Co-operatives prioritize long-term value creation over
short-term profit maximization, and take into account a broad range of
stakeholder interests in their decision-making. It's a business model that
naturally embeds sustainability principles into its operations."
The creation of the Most Sustainable Co-operatives in the World ranking is
another indication of the growing recognition of the role and benefits of
co-operatives in Canadian communities and globally. There are 9,000
co-operatives and credit unions in Canada, providing products and services to
18 million members, employing more than 150,000 people and controlling assets
of more than $300 billion.
For more information about The Co-operators and its sustainability journey,
please visit www.cooperators.ca, and watch for the organization's 2012
sustainability report, to be published on the website May 9. To view the
ranking, visit www.corporateknights.com.
About The Co-operators:
The Co-operators Group Limited is a Canadian-owned co-operative with more than
$35 billion in assets under administration. Through its group of companies it
offers home, auto, life, group, travel, commercial and farm insurance, as well
as investment products. The Co-operators is well known for its community
involvement and its commitment to sustainability. The Co-operators is listed
among the 50 Best Employers in Canada and Corporate Knights' Best 50 Corporate
Citizens in Canada. For more information visit www.cooperators.ca.
Leonard Sharman The Co-operators 519-767-3937
SOURCE: The Co-operators
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-0- Apr/11/2013 15:03 GMT
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