Vancity Wins Accolades for its Sustainability Reporting

Vancity is on top when it comes to sustainability reporting, according to Globe Forum. Vancity has received the prestigious Globe Award in the category of “Best Sustainability Reporting,” as chosen by an internationally recognized jury amongst four shortlisted nominees; Indra (Spain), SCA (Sweden), and Teck Resources Ltd. (Canada.)

The Globe Award, an initiative of the Globe Forum, recognizes and encourages societies, the corporate sector, individuals and academia that have excelled in the area of sustainability.

Vancity’s report was chosen as the one that best fulfilled the criteria of providing stakeholders with a clear understanding of the significance of sustainability impacts to key business activities, and the strategic actions taken in response to these impacts.

Here’s what the jury had to say:

“The report tells a clear story and we appreciated the way it was written with the reader in mind. The Jury would like to point out two aspects of the reporting process. Firstly the mix of financial and non-financial information linked together in the scorecard contained within the report and elsewhere, and secondly the "reasonable" assurance given on the report which is so rare. We look forward to the integrated report that Vancity has proposed for future years."
 
Vancity’s first integrated annual report is coming in early May. This report will mark the integration of planning and processes to deliver a holistic story for members and seeks to demonstrate how sustainable business practices drive long-term financial success.

For more information on the award, please read the news release or visit the Globe Award website.