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Corporate Disclosure on Sustainability in Canada

by NationTalk on April 17, 2008532 Views

CALGARY, April 16 – Stratos Inc. (Stratos) today announced results of a national study examining sustainability reporting trends and the best practices of some of Canada’s leading corporations. The study, the latest in their series of biennial reports, highlights high levels of disclosure of corporate information on environmental, broader economic and social issues. The study found that disclosure of sustainability information by Toronto Stock Exchange (TSX) Composite Index listed companies is now standard practice, with 80% including some environmental, economic and social information in their public reports.

The study examined leading reporting at BC Hydro, Enbridge, Syncrude, Suncor, TELUS, TransAlta and Vancity, highlighting best practices and examining trends in the areas of materiality, the use of reporting standards, and reporting on climate change and Aboriginal engagement:

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“Disclosure of information on sustainability performance is routine now among large Canadian corporations. We expect the next few years to see dynamic improvements with companies looking hard at how they can differentiate themselves through their sustainability reporting,” said George Greene, Chair of Stratos.

Today, Stratos and TELUS hosted an exclusive workshop for companies aiming to adopt and adapt best practices in corporate sustainability disclosure, share experiences and discuss the findings of Stratos’ latest report, Best Practices in Canadian Corporate Sustainability Reporting.

“TELUS is committed to setting clear and measurable targets to integrate social responsibility and sustainability into its core business strategy as part of our effort to be Canada’s Premier Corporate Citizen, said Robert McFarlane, TELUS executive vice-president and chief financial officer. “This commitment is also reflective of the importance TELUS places on continually improving on our disclosure best practices at a time when investor expectations around governance and reporting notably including that related to corporate social responsibility have never been greater.”

The workshop provided insight into the status of sustainability reporting in Canada, highlighted best practices at seven leading companies, including TELUS, and examined trends in four key reporting areas: materiality, climate change, use of the GRI Guidelines and aboriginal engagement.

To view the report, go to: www.stratos-sts.com

About Stratos

Stratos is one of Canada’s leading sustainability consultancies. National and international clients rely on Stratos for forward-looking, strategic analysis and advice. Stratos’ success is built on expertise in corporate sustainability, public sector management and assurance.

About TELUS

TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9.1 billion of annual revenue and 11.1 million customer connections including 5.6 million wireless subscribers, 4.4 million wireline network access lines and 1.2 million Internet subscribers. TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. Committed to being Canada’s premier corporate citizen, we give where we live. Since 2000, TELUS and our team members have contributed more than $113 million to charitable and not-for-profit organizations and volunteered more than 2.1 million hours of service to local communities. Eight TELUS Community Boards across Canada lead our local philanthropic initiatives. For more information about TELUS, please visit telus.com.

For further information: For interview opportunities: Media contacts: Matt Loose, Manager of Corporate Sustainability, Stratos Inc., (613) 241-1001 ext. 236, mloose@stratos-sts.com; Chris Gerritsen, Senior Communications Manager – Media Relations, TELUS, (403) 808-9591, chris.gerritsen@telus.com

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