Corporate Knights
| Categories | Clean Capitalism |
|---|---|
| Frequency | Quarterly |
| Circulation | 127 000+ |
| Founder | Toby Heaps |
| First issue | June 2002 |
| Country | Canada and USA |
| Based in | Toronto |
| Language | English |
| Website | corporateknights.com |
| ISSN | 1703-2016 |
Corporate Knights (CK) is a media, research and financial information products company based in Toronto, Canada, focused on promoting an economic system where prices fully incorporate social, economic and ecological costs and benefits, and market participants are clearly aware of the consequences of their actions. The company calls such a system "clean capitalism". Founded in 2002, Corporate Knights has a media and research division, which includes the award-winning business and society magazine Corporate Knights, and a research division which produces corporate rankings, research reports and financial product ratings based on corporate sustainability performance. Its best-known rankings include the Best 50 Corporate Citizens in Canada and the Global 100 Most Sustainable Corporations. In June 2013, Corporate Knights was named "Magazine of the Year" by Canada's National Magazine Awards Foundation.
In addition to its two divisions, Corporate Knights Inc. spearheaded the creation in 2012 of the Council for Clean Capitalism, a multi-industry group of leading Canadian companies dedicated to advocating economic and social policy changes that reward responsible corporate behaviour and remove barriers to clean capitalism. The council's 10 members include Telus, Vancity, Teck Resources, and Hewlett-Packard Canada.
Corporate Knights Inc. was co-founded in 2002 by Toby A. A. Heaps and Paul Fengler. Fengler was an International Relations and Russian Language graduate, and Heaps majored in Economics and International Development. The pair created the magazine as a "halfway house between Adbusters and Forbes", according to Heaps.
The magazine was first published in the wake of the accounting scandals at Enron and WorldCom with the objective of holding companies more accountable while recognizing that "power is where the money is, and if you want to make social change, it’s through business." Heaps has made clear since the magazine was founded that there's no pretending that corporations are saints. "There are no Mother Teresas here. But these are the best we've got." As such, two of the magazine's major goals has been to publicize positive business practices and rank the sustainability performance of companies.
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