Los 50 mejores de 2019:

Resumen de la metodología

W W W. C O R P O R A T E K N I G H T S . C O M
Best 50 fast facts
Visión general
 Ranking anual de desempeño de
sostenibilidad corporativa.
 Publicado cada mes de junio durante la
cena de gala de Corporate Knights; publicado
en la revista Corporate Knights.
Aproximación
 La clasificación se basa en datos divulgados
públicamente (por ejemplo, presentaciones
financieras, informes de sostenibilidad). Todos los
puntos de datos requeridos están pre-poblados. No
es necesario que las empresas presenten
observaciones.
 Las empresas que forman parte del universo de
inicio Best 50 son contactadas para la verificación
de datos antes de la finalización del proyecto.
 La metodología se basa en un máximo de 21
indicadores clave de rendimiento (KPI)
que abarcan los recursos, los empleados, la
gestión financiera, los ingresos limpios y el
*Únicamente para las organizaciones que no cotizan en bolsa; determinada a partir
de la base de datos de la Iniciativa Mundial de Presentación de Informes
Elegibilidad
 Tamaño: Empresas canadienses:
organizaciones públicas, privadas o cooperativas o
corporaciones de la Corona con ingresos brutos de
al menos 1.000 millones de dólares (datos
financieros más recientes) y pruebas de informes
de sostenibilidad*.
 Corporate Knights Industry Group (CKIG) y
geografía: Todas las industrias y geografías se
consideran automáticamente antes de excluir a
las empresas de ciertas industrias o con prácticas
notorias identificadas.
Información de contacto y para saber más
 Correo electrónico
research@corporateknights.com si desea
confirmar o actualizar los contactos correctos
para su organización
 Regístrese para recibir actualizaciones por
correo electrónico sobre futuras clasificaciones
e investigaciones de Corporate Knights
 Visit e www.corporateknights.com/reports/2019-
best-50/ para más detalles
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Ranking is conducted by Corporate Knights, a specialized
empresa de investigación de medios de comunicación e inversión
Corporate Knights es una B Corp con sede en Toronto y propiedad de empleados que opera en tres segmentos:

– Corporate Knights Magazine

• La revista de circulación más grande del mundo se centró en la sostenibilidad y el negocio responsable.
• Llega a 443.250 de los empresarios y políticos más influyentes del mundo.
– Corporate Knights Research
• CK Research ofrece una gama de clasificaciones de sostenibilidad corporativa, clasificaciones de
productos de inversión y herramientas.
• CK Research también gestiona varios proyectos de investigación externos (p. ej., Carbon Clean
200, Sustainable Stock Exchange Ranking, Global Green Financial Index).

– Consejo para el Capitalismo Limpio

• Grupo apoyado por CEO catalizando políticas públicas inteligentes y eficientes.
• Colabora con los principales responsables de la formulación de políticas públicas.

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 Philosophical perspective of the Best 50
 Relevancia: El ranking pretende ser representativo de la sostenibilidad empresarial en
el contexto socioeconómico actual.
 Transparencia: La metodología precisa de la clasificación y los resultados del
proceso se dan a conocer plenamente.
 Objetividad: Las empresas elegibles solo serán evaluadas utilizando datos cuantitativos y
indicadores de rendimiento.
 Datos públicos: Solo se utilizan puntos de datos que forman parte del dominio público.
 Comparabilidad: Las empresas se comparan con sus pares de Corporate Knights
Industry Groups* sobre la base de indicadores de rendimiento para los que los datos
subyacentes son razonablemente bien revelados por su grupo de la industria a nivel
mundial.
 Compromiso: Las empresas elegibles para el ranking son informadas antes del ranking,
a fin de tener la oportunidad de garantizar que los datos necesarios estén disponibles
públicamente.
 Partes interesadas: Se solicita activamente la retroalimentación de las
partes interesadas a lo largo del proyecto. Un Grupo de Expertos, integrado por
varios profesionales de la sostenibilidad, examinará todos los aspectos de la metodología
y formulará observaciones al respecto.
* El Corporate Knights Industry Group (CKIG) se construye utilizando combinaciones de Subsectores FactSet RBICS y Grupos Industriales para
garantizar una población suficiente para la clasificación de percentiles y el emparejamiento a lo largo de los ratios de productividad de recursos y

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 Philosophical perspective of the Best 50
exposiciones de ingresos limpios.

Hay 97 grupos de la industria CK.

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Overview of the Best 50 ranking process
Descripción

 Organizaciones privadas con sede en el Canadá, cooperativas y corporaciones de la corona con al

menos 1.000 millones de dólares en ingresos y pruebas de presentación de informes sobre
sostenibilidad
Universo Inicial
 Cooperativas de crédito canadienses con al menos $10 mil millones en activos y evidencia de
informes de sostenibilidad
 Empresas que cotizan en Canadá (TSX60 o ingresos de al menos $1 mil millones)
 Todas las mejores 50 empresas del año anterior están exentas de universo inicial

 Empresas seleccionadas para :

Proyección – Categorías de productos y comportamiento
– Financial sanctions

 Las empresas reciben puntuaciones de hasta 21 KPI (KPI prioritarios para sus respectivos
Selección grupos industriales CK y todos los KPI universales. Véase el apéndice II)

 El Best 50 de 2019 está poblado de acuerdo con la puntuación general

Los mejores 50

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Screening criteria
Descripción
 Empresas que participan en
determinados productos o
servicios y
Categorías de Productos
comportamientos
contraproducentes para el
desarrollo sostenible.
 Se eliminan las empresas
que son cuartil inferior en la
pantalla de sanciones
financieras CK.
Sanciones
Detalles
 Los ejemplos incluyen armas, tabaco, compañías identificadas para
el cabildeo contra el clima.
 Véase el apéndice III para una lista completa de pantallas de exclusión.
 La pantalla mide la cantidad de dinero que las empresas pagaron
en multas, penalidades o acuerdos calificados durante el período
del 1 de octubre de 2017 al 28 de febrero de 2019.
 Las sanciones incluyen, entre otras, las violaciones de derechos
humanos, laborales, ambientales, antimonopolio y relacionadas
con la comunidad.
 Véase el apéndice I para más detalles.
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 Metodología de
calificación

2019 Mejor 50 Ranking

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Resource management KPIs
KPI Metodología

Ingresos (convertidos a USD utilizando el tipo de cambio PPA) / (Uso de energía - uso de
Energía Productividad
energía renovable)

GHG Productividad Ingresos (convertidos a USD utilizando el tipo de cambio PPA) / Emisiones de GEI: alcance 1 y 2

Productividad del Agua Ingresos (convertidos a USD utilizando el tipo de cambio PPA) / Uso del agua

Ingresos (convertidos a USD utilizando el tipo de cambio PPA) / Residuos no reciclados o

Waste Productivity
reutilizados generados

VOC Productividad Ingresos (convertidos a USD utilizando el tipo de cambio PPA) / Emisiones de COV

NOx Productividad Ingresos (convertidos a USD utilizando el tipo de cambio PPA) / Emisiones de NOx

SOx Productividad Ingresos (convertidos a USD utilizando el tipo de cambio PPA) / Emisiones de SOx

Productividad de
Ingresos (convertidos a USD utilizando el tipo de cambio PPA) / Emisiones de partículas
la materia
particulada

Las empresas solo se puntuarán en los KPI que se consideran "KPI

prioritarios" para sus respectivos CK Industry Group + los ocho KPI

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Financial management KPIs

KPI Metodología

Capacidad de innovación Gastos de I + D / ingresos - tres años de atraso

Porcentaje de impuestos
pagados
CEO-Salario promedio de los
empleados
Situación de la Caja de
Pensiones
Supplier Sustainability Score
Importe del impuesto en efectivo pagado / EBITDA - cinco años de atraso (2013-2017)
Remuneración del CEO / remuneración media de los empleados
75%*(total DB y DC contribuciones de los empleadores/ FTE empleados percentil clasificado
contra pares) + 25%*(valor razonable de los activos del plan DB/ FTE empleados percentil
clasificado contra pares - (1-(valor razonable de los activos del plan DB/ percentil de
responsabilidad clasificado contra pares)). Nota: Las contribuciones de CD incluyen 401(k),
RSPs y equivalentes
 El CK Sustainability Score ponderado de los proveedores más grandes de una empresa
(hasta 10 proveedores más grandes por gasto).

Las empresas solo se puntuarán en los KPI que se consideran "KPI

prioritarios" para sus respectivos CK Industry Group + los ocho
KPI universales

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 Employee management KPIs
KPI Metodología

Lesiones Tasa de pérdida de tiempo

Todas las muertes de empleados y contratistas/ número total de empleados equivalentes a

Fatalities
tiempo de llenado

Rotación de empleados Número de salidas / promedio total de empleados

Representación de la mujer en el equipo de gestión ejecutiva (porcentaje

La mujer en la gestión ejecutiva
todas las empresas del universo)

Mujeres en los consejos de Representación femenina en los consejos de administración (percentil frente a todas las
administración empresas del universo)

Sostenibilidad Pay Link Mecanismos que vinculan la remuneración de los altos ejecutivos con los objetivos de
sostenibilidad

Las empresas solo se puntuarán en los KPI que se consideran "KPI

prioritarios" para sus respectivos CK Industry Group + los ocho KPI

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Deduction due to sanctions
KPI Metodología

Deducciones por sanciones Total multas y liquidaciones / ingresos (un año)

Las empresas solo se puntuarán en los KPI que se consideran "KPI

prioritarios" para sus respectivos CK Industry Group + los ocho KPI

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Additional
KPI
Clean Revenue
* Este es un proyecto
plurianual de Corporate Knights
para desarrollar y poner a
disposición del público una
definición de código abierto de
categorías de ingresos limpios
para todos los subsectores;
damos la bienvenida a los
comentarios y sugerencias en
la evolución y el
perfeccionamiento de esta
Este es un KPI universal: todas las empresas solo se puntuarán en este KPI indep
definición de ingresos limpios.
Metodología
Porcentaje de sus ingresos totales derivados de productos y servicios que se clasifican como
"limpios" de acuerdo con la taxonomía de ingresos limpios de código abierto de Corporate
Knights, que se basa en la síntesis de las siguientes fuentes y mejores prácticas:
- Bienes y Servicios Verdes (U.S. Bureau of Labor Statistics)
- Cuenta Económica de Productos Tecnológicos Ecológicos y No Contaminantes (Statistics
Canada)
- Taxonomía de los bonos climáticos (Climate Bonds Initiative)
- Taxonomía Sostenible (Grupo de Expertos de Alto Nivel en Finanzas Sostenibles)
- Sector de bienes y servicios medioambientales (Eurostat)
- Catálogo de proyectos respaldado por China Green Bond
- Principios de bonos verdes
- TCFD recomendó métricas de oportunidad climática
- Otras agencias de calificación del sector privado con taxonomía verde o de sostenibilidad
- Consulta de expertos de la industria que abarque todos los subsectores pertinentes de la CKIG
y solicite información sobre la definición de limpio en la industria a los principales expertos
de la industria y organismos gubernamentales
Por favor, haga clic en el siguiente enlace para ver la lista completa de productos y
servicios que son
categorizado como limpio
https://docs.google.com/spreadsheets/d/1Yit1pphFcx-axawF_Y9G8ZBSJe9A-
xft2CSWNuBxAkw/edit? usp=sharing
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The Eight Universal KPIs
Todas las empresas, independientemente de CK Industry Group, seguirán siendo
evaluadas en los ocho KPI universales:

- Porcentaje de impuestos pagados,

- Estado de la Caja de Pensiones,
- Puntaje de sostenibilidad de proveedores (excepto organizaciones de servicios
financieros)
- La mujer en la gestión ejecutiva,
- Mujeres en los consejos de administración,
- Sostenibilidad Pay Link
- Sanciones Deducciones
- Clean Revenue

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 Indicadores clave de
rendimiento prioritarios y
sistema de ponderación para
cada grupo industrial CK con
arreglo a la metodología
actualizada

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 Impact-weighted KPIs
Filosofía: Cada CK Industry Group representa una cuota única de impacto global para cada KPI individual. Cuanto mayor sea el
impacto de CK Industry Group para una determinada métrica de rendimiento es en relación con otros en el CK Industry Group, mayor
será el peso de ese KPI. De los 21 indicadores, 16 se ponderan según su impacto relativo, y a cinco se les asignan pesos fijos
predeterminados: Ingresos Limpios (50%), Vínculo Salarial de Sostenibilidad (5%), Puntaje de Sostenibilidad de Proveedores (2,5%),
Mujeres en la Dirección Ejecutiva (5%) y Mujeres Miembros de la Junta Directiva (5%).

Ejemplo de cálculo de impacto - Uso de energía por el Grupo Industrial Mayorista de Energía CK como ejemplo:
Se calcula la productividad energética media en los últimos tres años para todas las empresas del universo de cobertura, así como la
productividad energética media para cada grupo industrial CK. El peso asignado al indicador de productividad energética para un
determinado grupo de la industria es una función de la relación de la productividad energética promedio del grupo de la industria/ todo
el universo de cobertura Productividad energética.

Pesaje de KPI según el impacto - Grupo Industrial Mayorista de Power CK como ejemplo:
El grupo de la industria de energía al por mayor tiene 21 KPI aplicables. De ellos, Clean revenue, Women on Boards, Women in
Executive Management, Supplier Sustainability Score y Sustainability Pay Link tienen pesos fijos (50%, 5%, 5% 2,5% y 5%
respectivamente). Los 16 KPIs restantes, que representan el 32,5% restante de los pesos, se ponderan de acuerdo con la magnitud
relativa de sus impactos: por ejemplo, el impacto de Wholesale Power sobre el agua es 17,3 veces el promedio mundial. Su peso es:
17.3/54.3 x 32.5% = 10.4%.

CEO – Avg Situació Supplier Mujere Mujere

Capacidad Porcentaje Rotación Sustain Deducció Clean
GHG Agua Despilf VOC NOx SO2 PM Salario de n de la Sustain Lesione Fatalities s en s en los
Energí de de
los Caja de Score s
de
Exec consejo
Pay Link n de las Revenue
arro innovació impuesto emplead sanciones
a empleado Pension Mgt s de
n s pagados os
s es adminis
tración
Tasa
de 11.6 7.8 17.3 3.0 0 2.3 2.0 3.0 0.2 1.7 0.5 1.6 - 0.4 2.3 0.5 - - - - -
impact
* Todas las cifras aquí presentadas se redondean a 1 d.p. Nota: 46.475 es la suma total de los coeficientes de impacto relativo.

Note: Weighting scheme is updated annually based on new 1

Priority indicators and weights per CK Industry

Por favor, haga clic en el icono de abajo

para abrir la lista de indicadores de
prioridad y pesos para cada grupo de la
industria CK.

https://docs.google.com/spreadsheets/d/1H
FwzQNeiB6V_WWQjsYfeP8NSZpumdi1H
XK02zNeCJPc/edit#gid=241897220

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Apéndice I: Examen de las sanciones financieras
 El examen de Sanciones Financieras de CK mide la cantidad de dinero que las compañías han pagado en
multas, penalidades o acuerdos que califican en un año (1 de octubre de 2017 - 28 de febrero de 2019) de
base. *
 Aproximación
1. Se obtienen datos sobre multas, penalizaciones o liquidaciones para cada empresa. Los pagos pueden
estar relacionados con las repercusiones de los accidentes ambientales, la contaminación ambiental
generalizada, la infracción de las normas laborales, los abusos relacionados con los derechos
humanos, la fijación de precios, la explotación infantil o la violación de los acuerdos de negociación
colectiva.
2. Los pagos que ocurrieron desde el 1 de octubre de 2017 hasta el 28 de febrero de 2019 se suman y se
convierten a USD (utilizando el tipo de cambio vigente en el momento del pago) y luego se dividen
por los ingresos totales reportados durante el mismo período.
3. La proporción resultante es entonces por ciento clasificado contra todas las empresas en el
mismo CK Industry Group.
4. Las empresas que reciben una puntuación porcentual del cuartil inferior (p. ej., 25% o menos)
son eliminadas de la contienda por el Mejor 50.

Nota: CK se reserva el derecho de incluir sanciones financieras importantes que ocurran entre esta fecha y

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antes de que se publique el ranking.

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Appendix I: Detailed scoring methodology
# Nombre del Medición Naciones Unidas para el Desarrollo
KPI Sostenible
Metas
1 Energía En el primer paso, se calcula la productividad energética de cada empresa. La productividad • OBJETIVO 7: Energía
Productividad energética se define como Ingresos (convertidos en PPA) / Uso total de energía (GJ) - Uso de asequible y limpia
energía renovable (GJ). Luego se clasifica por ciento contra todos los mismos pares de CK Industry (Garantizar el acceso a una
energía asequible, fiable,
Group dentro del universo de cobertura de CK, y se multiplica por 0,75. En el segundo paso, se
sostenible y moderna para
calcula el cambio en la productividad energética de cada compañía durante un período de dos años y todos)
el porcentaje se clasifica en comparación con todos los mismos pares de CK Industry Group dentro • OBJETIVO 9: Industria,
del universo de cobertura de CK. Si el rango porcentual de la compañía es el cuartil superior, el Innovación e Infraestructura
rango porcentual se multiplica por 1 y luego por 0,25. Si el rango porcentual de la compañía es el (Construir infraestructura
segundo cuartil, el rango porcentual se multiplica por 0.75 y luego por 0.25. Si el rango porcentual resiliente, promover la
de la compañía es el tercer cuartil, el rango porcentual se multiplica por 0.5 y luego por 0.25. Si el industrialización inclusiva y
sostenible y fomentar la
rango porcentual de la compañía es cuartil inferior, el rango porcentual se multiplica por 0.25 y
innovación)
luego por 0.25. En el tercer paso, el valor de los pasos primero y segundo se suman.

2 GHG En el primer paso, se calcula la productividad de los gases de efecto invernadero (GEI) de cada • OBJETIVO 9: Industria,
Productividad empresa. La productividad de los GEI se define como Ingresos (convertidos en PPA) /Emisiones Innovación e Infraestructura
totales de gases de efecto invernadero (GEI) (CO2e). De conformidad con el Protocolo sobre los (Construir infraestructura
resiliente, promover la
GEI, solo se incluyen las emisiones de los alcances 1 y 2. Luego se clasifica por ciento contra todos
industrialización inclusiva y
los mismos pares de CK Industry Group dentro del universo de cobertura de CK, y se multiplica por sostenible y fomentar la
0,75. En el segundo paso, se calcula el cambio en la productividad de GEI de cada compañía innovación)
durante un período de dos años y el porcentaje se clasifica en comparación con todos los mismos • OBJETIVO 13: Acción por
pares de CK Industry Group dentro del universo de cobertura de CK. Si el rango porcentual de la el Clima (Adoptar medidas
compañía es el cuartil superior, el rango porcentual se multiplica por 1 y luego por 0,25. Si el rango urgentes para combatir el
porcentual de la compañía es el segundo cuartil, el rango porcentual se multiplica por 0.75 y luego cambio climático y sus
efectos)
por 0.25. Si el rango porcentual de la compañía es el tercer cuartil, el rango porcentual se multiplica
por 0.5 y luego por 0.25. Si el rango porcentual de la compañía es cuartil inferior, el rango
porcentual se multiplica por 0.25 y luego por 0.25. En el tercer paso, el valor de la primera y
segunda
pasos se suman.

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 Appendix II: Detailed scoring methodology
3 Productivida En el primer paso, se calcula la productividad del agua de cada empresa. La • GOAL 6: Clean Water and Sanitation
d del Agua productividad del agua se define como Ingresos (convertidos en PPP) /Agua (Ensure availability and sustainable
total (m3). Luego se clasifica por ciento contra todos los mismos pares de CK management of water and sanitation for all)
• GOAL 9: Industry, Innovation and
Industry Group dentro del universo de cobertura de CK, y se multiplica por
Infrastructure (Build resilient
0,75. En el segundo paso, se calcula el cambio en la productividad del agua de infrastructure, promote inclusive and
cada compañía durante un período de dos años y el porcentaje se clasifica en sustainable industrialization and foster
comparación con todos los mismos pares de CK Industry Group dentro del innovation)
universo de cobertura de CK. Si el rango porcentual de la compañía es el cuartil • GOAL 15: Life on Land (Protect, restore
superior, el rango porcentual se multiplica por 1 y luego por 0,25. Si el rango and promote sustainable use of terrestrial
porcentual de la compañía es el segundo cuartil, el rango porcentual se ecosystems, sustainably manage forests,
combat desertification, and halt and
multiplica por 0.75 y luego por 0.25. Si el rango porcentual de la compañía es el
reverse land degradation and halt
tercer cuartil, el rango porcentual se multiplica por 0.5 y luego por 0.25. Si el biodiversity loss)
rango porcentual de la compañía es cuartil inferior, el rango porcentual se
multiplica por 0.25 y luego por 0.25. En el tercer paso, el valor de los pasos
primero y segundo se suman.
4 Waste In the first step, each company's Waste Productivity is calculated Waste • GOAL 9: Industry, Innovation and
Productivity Productivity is defined as Revenue ($PPP-converted) / [Total waste generated Infrastructure (Build resilient
(metric tonnes) – waste recycled (metric tonnes)]. It is then percent‐ranked infrastructure, promote inclusive and
sustainable industrialization and foster
against all of the same‐CK Industry Group peers within the CK coverage
innovation)
universe, and multiplied by 0.75. In the second step, the change in each • GOAL 11: Sustainable Cities and
company’s Waste Productivity over a two-year period is calculated and percent‐ Communities (Make cities and human
ranked against all of the same‐CK Industry Group peers within the CK coverage settlements inclusive, safe, resilient
universe. If the company’s percent‐rank is top quartile, the percent‐rank is and sustainable)
multiplied by 1 and then by 0.25. If the company’s percent‐rank is second • GOAL 12: Responsible Consumption and
quartile, the percent‐rank is multiplied by 0.75 and then by 0.25. If the Production (Ensure sustainable
consumption and production patterns)
company’s percent‐rank is third quartile, the percent‐rank is multiplied by 0.5
and then by 0.25. If the company’s percent‐rank is bottom quartile, the percent‐
rank is multiplied by 0.25 and then by 0.25. In the third step, the value from the
first and second steps
are totaled.

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 Appendix II: Detailed scoring methodology (continued)
5 VOC Productivity
6 NOx Productivity
7 SOx Productivity
8 Particulate Matter Productivity
9 Innovation Capacity
In the first step, each company's sub-indicator Productivity is • GOAL 3: Good Health and Well-
calculated by dividing Revenue ($PPP-converted) by the air pollutant. being (Ensure healthy lives and
It is then percent‐ranked against all of the same‐CK Industry Group promote well-being for all at all ages)
• GOAL 9: Industry, Innovation and
peers within the CK coverage universe, and multiplied by 0.75. In the
Infrastructure (Build resilient
second step, the change in each company’s sub-indicator Productivity infrastructure, promote inclusive
over a two-year period is calculated and percent‐ranked against all of and sustainable industrialization and
the same‐CK Industry Group peers within the CK coverage universe. foster innovation)
If the company’s percent‐rank is top quartile, the percent‐rank is • GOAL 11: Sustainable Cities and
multiplied by 1 and then by 0.25. If the company’s percent‐rank is Communities (Make cities and
second quartile, the percent‐rank is multiplied by 0.75 and then by human settlements inclusive,
safe, resilient and sustainable)
0.25. If the company’s percent‐rank is third quartile, the percent‐rank
• GOAL 12: Responsible
is multiplied by 0.5 and then by 0.25. If the company’s percent‐rank Consumption and Production
is bottom quartile, the percent‐rank is multiplied by 0.25 and then by (Ensure sustainable consumption
0.25. In the third step, the value from the first and second steps are and production patterns)
totaled.
In the first step, each company's Innovation Capacity score is • GOAL 8: Decent Work and Economic
determined by measuring the ratio of research and development Growth (Promote sustained,
(R&D) expenditures to total revenue averaged over a trailing three‐ inclusive and sustainable economic
growth, full and productive
year period. In the second step, each company's Innovation Capacity
employment and decent work for all)
score is percent‐ranked against all of the same‐CK Industry Group • GOAL 9: Industry, Innovation and
peers within the CK coverage universe. Infrastructure (Build resilient
infrastructure, promote inclusive
and sustainable industrialization and
foster innovation )
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10
Appendix II: Detailed scoring methodology (continued)
Percentage In the first step, each company's Percentage Tax Paid is calculated as the amount of taxes • GOAL 10: Reduced Inequality
Tax Paid paid in cash over a trailing five year period (2013-2017) divided by their total EBITDA (Reduce inequality within and
over the same period. Companies score a 0% in the event that their total EBITDA or taxes among countries)
paid in cash is zero or lower over the five year period (2013- 2017). In the second step,
each company's Percentage Tax Paid is percent‐ranked against all of the same‐CK
Industry Group peers within the CK coverage universe.

11 CEO- Each company's CEO to Average Employee Pay ratio is calculated as total CEO • GOAL 8: Decent Work and Economic
Average compensation divided by average employee compensation. Average employee Growth (Promote sustained, inclusive
Employee compensation is calculated by dividing the company’s total wage bill by the total and sustainable economic growth,
full and productive employment and
Pay number of employees. Each company's CEO to Average Employee Pay ratio is percent‐
decent work for all)
ranked against all of the same‐CK Industry Group peers within the CK coverage • GOAL 10: Reduced Inequality
universe. [The lower the ratio, the higher the rank.] (Reduce inequality within and
among countries)

12 Pension In the first step, the sum of the company’s contribution to the defined benefit and defined • GOAL 1: No Poverty (End poverty in
Fund contribution pension plans are added up, then divided by the total number of full-time all its forms everywhere)
Status equivalent employees. Note that DC contributions include 401(k), RRSPs and • GOAL 8: Decent Work and Economic
Growth (Promote sustained, inclusive
equivalentsThis ratio is then percent-ranked against all of the same-CK Industry Group
and sustainable economic growth,
peers within the CK coverage universe. This is labelled as “A” full and productive employment and
decent work for all)
In the second step, the fair value of the defined benefit plan assets is divided by the total
number of full-time equivalent employees; this ratio is then percent-ranked against all of
the same-CK Industry Group peers within the CK coverage universe. This is labelled as
“B”,

In the third step, the fair value of the defined benefit plan assets is divided by the projected
defined benefit plan obligations, then percent-ranked against all of the same-CK Industry
Group peers within the CK coverage universe. This is labelled as “C”.

The Pension Fund Status Score is arrived at by the following formula: (0.75 x A) +
0.25(B – (1 – C))

2
Appendix II: Detailed scoring methodology (continued)

2
 Appendix II: Detailed scoring methodology (continued)
13 Supplier Each company's • GOAL 1: No Poverty (End poverty in all its forms everywhere)
Sustainability largest suppliers (up • GOAL 2: Zero Hunger (End hunger, achieve food security and improved nutrition and
Score to ten) by total spend promote sustainable agriculture)
• GOAL 3: Good Health and Well-being (Ensure healthy lives and promote well-being for all at
are identified based
all ages)
on FactSet data. The • GOAL 5: Gender Equality (Achieve gender equality and empower all women and girls)
suppliers are then • GOAL 6: Clean Water and Sanitation (Ensure availability and sustainable management of
weighted and scored water and sanitation for all)
using the Best 50 • GOAL 7: Affordable and Clean Energy (Ensure access to affordable, reliable, sustainable
methodology, and modern energy for all)
• GOAL 8: Decent Work and Economic Growth (Promote sustained, inclusive and
excluding the
sustainable economic growth, full and productive employment and decent work for all)
Supplier • GOAL 9: Industry, Innovation and Infrastructure (Build resilient infrastructure,
Sustainability Score promote inclusive and sustainable industrialization and foster innovation)
KPI. • GOAL 10: Reduced Inequality (Reduce inequality within and among countries)
• GOAL 11: Sustainable Cities and Communities (Make cities and human settlements inclusive,
safe, resilient and sustainable)
• GOAL 12: Responsible Consumption and Production (Ensure sustainable consumption
and production patterns)
• GOAL 13: Climate Action (Take urgent action to combat climate change and its impacts)
• GOAL 14: Life Below Water (Conserve and sustainably use the oceans, seas and
marine resources for sustainable development)
• GOAL 15: Life on Land (Protect, restore and promote sustainable use of terrestrial
ecosystems, sustainably manage forests, combat desertification, and halt and reverse land
degradation and halt biodiversity loss)
• GOAL 16: Peace and Justice Strong Institutions (Promote peaceful and inclusive societies for
sustainable development, provide access to justice for all and build effective, accountable
and inclusive institutions at all levels)
• GOAL 17: Partnerships to achieve the Goal (Strengthen the means of implementation
and revitalize the Global Partnership for Sustainable Development)

2
 Appendix II: Detailed scoring methodology (continued)
14 Injuries Each company’s Injury Score is determined by calculating the
company's lost time injury rate (defined as the number of lost time
incidents per 200,000 employee hours) and percent‐ranking it against
all of the same‐CK Industry Group peers within the CK coverage
universe.
15 Fatalities Each company’s Fatality Score is determined by calculating the
company’s fatality rate (defined as the number of fatalities by
employees and contractors divided by the total number of fill- time
equivalent employees) and percent‐ranking it against all of the same‐
CK Industry Group peers within the CK coverage universe.
16 Employee Each company’s Employee Turnover (Number of departures /
Turnover average total employees) is percent‐ranked against all of the same
CK Industry Group peers within the CK coverage universe. [The
lower the ratio, the higher the rank.]
17 Women in Each company's Executive Diversity Score is calculated by
Executive determining the proportion of the senior executive team that is
Management comprised of women executives and percent‐ranking it against all
companies within the CK coverage universe.
18 Women on Each company's Board Diversity Score is calculated by
Boards determining the proportion of the Board of Directors that is
comprised of women directors and percent‐ranking it against that
of all companies within the CK coverage universe.
• GOAL 8: Decent Work and Economic Growth
(Promote sustained, inclusive and sustainable
economic growth, full and productive
employment and decent work for all)
• GOAL 8: Decent Work and Economic Growth
(Promote sustained, inclusive and sustainable
economic growth, full and productive
employment and decent work for all)
• GOAL 8: Decent Work and Economic Growth
(Promote sustained, inclusive and sustainable
economic growth, full and productive
employment and decent work for all)
• GOAL 5: Gender Equality (Achieve gender
equality and empower all women and girls)
• GOAL 5: Gender Equality (Achieve gender
equality and empower all women and girls)
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 Appendix II: Detailed scoring methodology (continued)
19 Sustainability The Sustainability Pay Link indicator
Pay Link is designed to reward companies that
have set up mechanisms to link the
remuneration of senior executives
with the achievement of sustainability
goals or targets. A score of 100% is
given to companies that describe such
a mechanism (e.g. the company
specifies the proportion of a particular
named executive's compensation that
is linked to the achievement of a
corporate clean capitalism target, such
as reducing emissions, improving
energy efficiency, or reducing health
& safety accidents). A score of 0% is
given to companies that do not report
any linking mechanisms.
Unlike all other indicators,
Sustainability Pay Link does not
use any percent‐ranking.
• GOAL 3: Good Health and Well-being (Ensure healthy lives and promote well-
being for all at all ages)
• GOAL 5: Gender Equality (Achieve gender equality and empower all women
and girls)
• GOAL 6: Clean Water and Sanitation (Ensure availability and
sustainable management of water and sanitation for all)
• GOAL 7: Affordable and Clean Energy (Ensure access to affordable,
reliable, sustainable and modern energy for all)
• GOAL 8: Decent Work and Economic Growth (Promote sustained, inclusive
and sustainable economic growth, full and productive employment and decent
work for all)
• GOAL 9: Industry, Innovation and Infrastructure (Build resilient
infrastructure, promote inclusive and sustainable industrialization and foster
innovation)
• GOAL 10: Reduced Inequality (Reduce inequality within and among countries)
• GOAL 11: Sustainable Cities and Communities (Make cities and
human settlements inclusive, safe, resilient and sustainable)
• GOAL 12: Responsible Consumption and Production (Ensure
sustainable consumption and production patterns)
• GOAL 13: Climate Action (Take urgent action to combat climate change and
its impacts)
• GOAL 14: Life Below Water (Conserve and sustainably use the oceans, seas and
marine resources for sustainable development)
• GOAL 15: Life on Land (Protect, restore and promote sustainable use of
terrestrial ecosystems, sustainably manage forests, combat desertification,
and halt and reverse land degradation and halt biodiversity loss)
• GOAL 16: Peace and Justice Strong Institutions (Promote peaceful and
inclusive societies for sustainable development, provide access to justice for all
and build
effective, accountable and inclusive institutions at all levels)
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 Appendix II: Detailed scoring methodology (continued)
20 Sanctions Each company's Sanctions’ ratio is
Deduction determined by measuring the ratio of
Sanctions (the amount of money that
companies paid out in qualifying fines,
penalties or settlements over the
October 1, 2017 to November 30,
2018 period) to total revenue for the
same or closest match period. Each
company's Sanctions ratio is percent‐
ranked against all of the same‐CK
Industry Group peers within the CK
coverage universe.
Companies receive deductions on a
graded scale up to a maximum of 5%
off their overall score.
Companies with no Sanctions receive
no deductions. A 5% deduction is
applied to a company’s overall score if
it has the worst-in- class record (0
percentile) on financial sanctions over
the relevant time period, 5% if they are
in the third quartile (25-49%), 2.5% if
they are in the second quartile (50-
74%), 1% if they are in the first
quartile (75-99%) with those scoring
100% (i.e. no fines) get no deductions.
• GOAL 1: No Poverty (End poverty in all its forms everywhere)
• GOAL 3: Good Health and Well-being (Ensure healthy lives and promote
well- being for all at all ages)
• GOAL 5: Gender Equality (Achieve gender equality and empower all women
and girls)
• GOAL 6: Clean Water and Sanitation (Ensure availability and sustainable
management of water and sanitation for all)
• GOAL 7: Affordable and Clean Energy (Ensure access to affordable,
reliable, sustainable and modern energy for all)
• GOAL 8: Decent Work and Economic Growth (Promote sustained, inclusive
and sustainable economic growth, full and productive employment and decent
work for all)
• GOAL 9: Industry, Innovation and Infrastructure (Build resilient
infrastructure, promote inclusive and sustainable industrialization and foster
innovation)
• GOAL 10: Reduced Inequality (Reduce inequality within and among countries)
• GOAL 11: Sustainable Cities and Communities (Make cities and human
settlements inclusive, safe, resilient and sustainable)
• GOAL 12: Responsible Consumption and Production (Ensure
sustainable consumption and production patterns)
• GOAL 13: Climate Action (Take urgent action to combat climate change and
its impacts)
• GOAL 14: Life Below Water (Conserve and sustainably use the oceans, seas
and marine resources for sustainable development)
• GOAL 15: Life on Land (Protect, restore and promote sustainable use of
terrestrial ecosystems, sustainably manage forests, combat desertification, and
halt and reverse land degradation and halt biodiversity loss)
• GOAL 16: Peace and Justice Strong Institutions (Promote peaceful and
inclusive societies for sustainable development, provide access to justice for all
and build
effective, accountable and inclusive institutions at all levels)
2
 Appendix II: Detailed scoring methodology (continued)
21 Clean Each company's Clean • GOAL 1: No Poverty (End poverty in all its forms everywhere)
Revenue Revenue ratio is • GOAL 2: Zero Hunger (End hunger, achieve food security and improved nutrition and
determined by promote sustainable agriculture)
measuring the ratio of • GOAL 3: Good Health and Well-being (Ensure healthy lives and promote well-being for all at
Clean Revenue to all ages)
total revenue • GOAL 4: Quality Education (Ensure inclusive and equitable quality education and promote lifelong
according to the open- learning opportunities for all)
source Corporate • GOAL 5: Gender Equality (Achieve gender equality and empower all women and girls)
Knights Clean • GOAL 6: Clean Water and Sanitation (Ensure availability and sustainable management of
Revenue Taxonomy. water and sanitation for all)
Each company's Clean • GOAL 7: Affordable and Clean Energy (Ensure access to affordable, reliable, sustainable
Revenue ratio is and modern energy for all)
percent‐ranked • GOAL 8: Decent Work and Economic Growth (Promote sustained, inclusive and
against all of the sustainable economic growth, full and productive employment and decent work for all)
same‐CK Industry • GOAL 9: Industry, Innovation and Infrastructure (Build resilient infrastructure, promote inclusive
Group peers within and sustainable industrialization and foster innovation)
the CK coverage • GOAL 10: Reduced Inequality (Reduce inequality within and among countries)
universe. • GOAL 11: Sustainable Cities and Communities (Make cities and human settlements
inclusive, safe, resilient and sustainable)
• GOAL 12: Responsible Consumption and Production (Ensure sustainable consumption
and production patterns)
• GOAL 13: Climate Action (Take urgent action to combat climate change and its impacts)
• GOAL 14: Life Below Water (Conserve and sustainably use the oceans, seas and
marine resources for sustainable development)
• GOAL 15: Life on Land (Protect, restore and promote sustainable use of terrestrial
ecosystems, sustainably manage forests, combat desertification, and halt and reverse land
degradation and halt biodiversity loss)
• GOAL 16: Peace and Justice Strong Institutions (Promote peaceful and inclusive societies for
sustainable development, provide access to justice for all and build effective, accountable
and inclusive institutions at all levels)
• GOAL 17: Partnerships to achieve the Goal (Strengthen the means of implementation and
revitalize the Global Partnership for Sustainable Development)

2
 Appendix III: Exclusionary Screens
Metric Metric Description
Identifies company laggards (Tier 5 or 6) on Farm Animal Welfare practices, based on the Benchmark for Farm
Farm Animal Welfare Animal Welfare.
Identifies meat companies, according to FactSet RBICS (exception: those whose capital expenditure towards plant-
Industrial Meat
based protein products to meat-based products is more than 25% are retained).
Identifies laggard companies (bottom quartile) with high monetary fines, penalties and settlements paid as a
Corporate Fines, Penalties or Settlements percentage of total revenue.
Tobacco Identifies companies which earn more than 5% of revenue from tobacco using FactSet's RBICS.
Controversial Weapons Identifies companies aggregated from NBIM's exclusions for cluster munitions and nuclear weapons
Identifies the Top 100 weapons producers as tracked by Stockholm International Peace Research Institute (SIPRI) and
Conventional Weapons
companies which earn more than 50% of revenue from weapons using FactSet's RBICS.
Small Arms (Hand Guns) Identifies companies which earn more than 5% of revenue from sale of handguns using FactSet's RBICS.

Blocking Climate Policy Identifies laggards (scored less than E) in climate regulation readiness according to InfluenceMap.
Severe Environmental Identifies companies which meet NBIM exclusion for "Actions or omissions that constitute an unacceptable risk of the Fund
Damage contributing to severe environmental damages".
Identifies companies which derive at least 30% of revenue or power generation from thermal coal as provided by Oxford Smith
Thermal Coal
School, supplemented by corporate financial disclosures.
Identifies laggards (scored zero or 1) on stopping tropical deforestation, according to Forest 500 by the Global Canopy
Tropical Deforestation
Programme.
Identifies companies which own or operate private prisons according to FactSet RBICS and two aggregated private prison
For-Profit Prison divestment lists, from American Friends Service Committee (Quaker) and Enlace International's National Private Prison
Divestment Campaign.
Identifies companies which derive at least 5% of their revenue from countries listed as "worst of the worst" by
Repressive Regime Freedom House.
Companies identified by RepRisk Global Compact database with a “VIOLATOR_OPERATIONS” flag under either of human
Global Compact Principles Violators
rights, labour, environment or anti-corruption themes.
Gambling Identifies companies which earn more than 5% of revenue from gambling using FactSet's RBICS.
Companies classified by "Adult Entertainment" by at least one of the cohort of large pension funds with exclusion lists that
Pornography
Corporate Knights monitors.
Excess of Conventional over Clean Energy Based on Bloomberg BNEF data and/or corporate disclosures. Companies who sum of conventional energy financing
Financing exceeds new energy financing are removed.
Freedom of Expression and Privacy on the Based on Ranking Digital Rights, companies that do not score in the top quartile within their categories are excluded.
Internet
Child/Forced Labour Source: Know the Chain. Companies which scored in bottom quartile of Know the Chain rating are removed.

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