TORONTO, Dec. 9, 2015 /CNW/ - Goldcorp Inc. emerged as a new titan at the Awards of Excellence in Corporate Reporting, presented annually by Chartered Professional Accountants of Canada (CPA Canada).
In presenting the awards each year, CPA Canada recognizes the important role high quality reporting plays within the Canadian economy and in the stability of the country's financial system. The information contained in corporate reports can drive key investment and business decisions.
Goldcorp was recognized three times, including winning the 2015 Overall Award of Excellence in Corporate Reporting – the program's most prestigious honour. This accomplishment is particularly notable since the top award had shifted between two powerhouses, TELUS and PotashCorp, for more than ten years.
"Adding Goldcorp to the list of top corporate reporters in Canada demonstrates what can be achieved with a commitment to excellence," said Kevin Dancey, president and CEO, CPA Canada. "Goldcorp performed well in all judging categories but was particularly strong with its sustainability reporting. The company integrated relevant aspects of environmental, economic, social and governance information with its financial reporting resulting in a thorough picture of how it creates long-term value."
It is not surprising then that Goldcorp received the Award of Excellence in Sustainability Reporting. The company also was the industry winner in the Mining category.
"At Goldcorp, we believe that strong and transparent social, environmental and economic performance and disclosures are fundamental to sustainable business practices," said Brent Bergeron, the company's executive vice president of corporate affairs and sustainability. "To see this work recognized amongst such a prestigious group of companies is truly gratifying."
In total, 21 awards were presented to winners from both the corporate and public sectors tonight at a gala event in Toronto, Ontario.
Three other companies received multiple honours. Agrium won Awards of Excellence in Financial Reporting and Electronic Disclosure. TELUS was recognized for excellence in Corporate Governance and was the industry winner in Communications and Media. Bombardier Inc. was the industry winner in Industrial Products and Services and received an Honourable Mention in Sustainability Reporting.
CPA Canada's ultimate objective with the awards program is to raise the bar when it comes to corporate reporting practices in Canada. Each program participant receives a confidential assessment of its reporting materials to help the organization improve year over year.
"Congratulations to Goldcorp and all those who entered this year's competition," said Dancey. "Not only does participating show a commitment to continuous improvement but it also supports the notion that excellence feeds excellence."
During the gala, CPA Canada also thanked the sponsors of the awards program for their important support of reporting excellence:
BACKGROUND
The awards are the most prestigious and coveted national honours for corporate reporting in the country. The program has recognized the nation's best reporting practices for 64 years and honours Canadian listed companies and Crown organizations.
Publicly listed companies vie for awards within their industry sector as well as in the four judging areas: Financial Reporting, Corporate Governance Disclosure, Electronic Disclosure and Sustainability Reporting. Federal and provincial Crown corporations are assessed on financial reporting practices.
To learn more about how Canada's top reporters are presenting their corporate story, visit cpacanada.ca/CRawards where the 2015 Judges' Book is available along with additional information about the program.
2015 WINNERS
Award of Excellence in Corporate Reporting – Overall
| Goldcorp Inc. |
Awards of Excellence in Financial Reporting – Crown organizations
| Federal (Large) |
Export Development Canada |
| Federal (Small) |
Defence Construction Canada |
| Provincial |
SaskPower |
Awards of Excellence in Corporate Reporting – Industry sectors
| Clean Technology |
Capstone Infrastructure Corporation |
| Communications and Media |
TELUS |
| Consumer Products and Services |
Canadian Tire Corporation, Ltd. |
| Financial Services |
BMO Financial Group |
| Industrial Products and Services |
Bombardier Inc. |
| Mining |
Goldcorp Inc. |
| Oil and Gas/Forestry Products |
Suncor Energy |
| Real Estate |
Boardwalk REIT |
| Utilities and Pipelines |
Enbridge Inc. |
Awards of Excellence in Corporate Reporting: Judging categories
| Financial Reporting |
Agrium |
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| Honourable Mention |
PotashCorp |
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| Sustainability Reporting |
Goldcorp Inc. |
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| Honourable Mention |
Bombardier Inc. |
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| Electronic Disclosure |
Agrium |
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| Honourable Mention |
Eldorado Gold Corporation |
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| Corporate Governance |
TELUS |
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| Honourable Mention |
Cameco Corporation |
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About CPA Canada
The new Canadian designation, Chartered Professional Accountant (CPA), is now used by Canada's accounting profession across the country. The profession's national body, Chartered Professional Accountants of Canada (CPA Canada), is one of the largest in the world with more than 200,000 members, both at home and abroad. The Canadian CPA was created with the unification of three legacy accounting designations (CA, CGA and CMA). CPAs are valued for their financial and tax expertise, strategic thinking, business insight, management skills and leadership. CPA Canada conducts research into current and emerging business issues and supports the setting of accounting, auditing and assurance standards for business, not-for-profit organizations and government. CPA Canada also issues guidance and thought leadership on a variety of technical matters, publishes professional literature and develops education and professional certification programs. cpacanada.ca
SOURCE CPA Canada
Image with caption: "2015 Awards of Excellence in Corporate Reporting (CNW Group/CPA Canada)". Image available at: http://photos.newswire.ca/images/download/20151209_C8205_PHOTO_EN_561884.jpg
Tobin Lambie, Principal, Media, CPA Canada, T: 416-204-3228, C: 647-302-3761, [email protected]; Diana Sorace, Manager, Media Relations, CPA Canada, T: 604-694-6700, C: 604-551-4487, [email protected]
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