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The Société de transport de Montréal (STM) is pleased to announce it ranks among the most responsible mid-size Canadian corporations, according to Corporate Knights, a magazine specializing in corporate sustainability, or clean capitalism. The STM ranks third in Canada and first in Québec in a list made public this morning. The STM also ranks first overall in the transportation industry in Canada.
Montréal, April 1, 2015 – The Société de transport de Montréal (STM) is pleased to announce it ranks among the most responsible mid-size Canadian corporations, according to Corporate Knights, a magazine specializing in corporate sustainability, or clean capitalism. The STM ranks third in Canada and first in Québec in a list made public this morning. The STM also ranks first overall in the transportation industry in Canada.
To establish its « Future 40 Responsible Leaders in Canada » ranking, Corporate Knights analyzed the sustainability and socially responsible performance of 187 Canadian corporations with revenues under $2 billion (or over $2 billion but with fewer than 2000 employees) before selecting the top 40. The ranking system is based on a dozen indicators that measure efficient resource consumption, good governance and management of human resources.
According to the specialized magazine, the STM stands out particularly because of its efficient management of residual materials and of the diversity in its management team and board of directors. The STM is proactive in reporting its environmental, social and economic performance with the publication of a sustainable development report since 2008 in accordance with the Global Reporting Initiative guidelines. It was this disclosure that led to including the STM in CK’s ranking.
Recognized efforts
« The STM takes pride in having its efforts to adopt more sustainable and responsible practices recognized at the national level. The company makes sustainability a key factor in its decisions and the superior results achieved in that area stem from the commitment of both employees and management, » noted STM chairman Philippe Schnobb.
Sustainable development at the STM
To learn more, visit the sustainable development web page
About the STM
The STM develops and operates an integrated bus and métro network, as well as paratransit service, for the benefits of its transit customers. The métro system consists of four lines serving 68 stations, while its bus network covers the island of Montréal, a 500 km2 area. The STM provided 416.5 million passenger rides in 2013, or about 1.3 million trips each day. It is responsible for more than 80% of all public transit use in the greater Montréal area and for more than 70% of all transit use within Québec. As outlined in its Strategic Plan 2020, the STM places sustainability at the centre of all decisions.
The STM has almost 9,500 employees and is the 14th largest company in Québec. For 2015, it has a $1.3 billion budget and the replacement value of its assets is estimated at more than $14.5 billion.
About Corporate Knights
The sustainability magazine Corporate Knights started publishing over 10 years ago a list of the 50 Best Corporate Citizens in Canada, one that only includes corporations with revenues above $2 billion.
With this list, Corporate Knights hopes to encourage smaller companies to make a commitment to sustainable development, a subject this is increasingly of interest to citizens, customers, investors, financial backers and other stakeholders.