June 14, 2004

Telus, Zenon take top rankings in Corporate Knights Best Corporate Citizens list

Telus was named the Best Environmental Corporate Citizen for 2004 last week in the Corporate Knights third annual ranking of Canada's Best 50 Corporate Citizens. Taking top spot overall - for the second year - was Zenon Environmental, based in Oakville, Ontario.

Other companies on the list's top 20 (with sectors represented) included Alcan, Dofasco and Falconbridge (metals and mining, ranked third, fourth and nineteenth, respectively); Tembec (paper and forest products, ranked fifth); TransAlta Corporation, Enbridge and Transcanada Corporation (utilities, ranked eighth, eleventh and twelfth, respectively); and Suncor Energy (oil and gas, in tenth place).

These companies were also in top place within their sectors. Nova Chemicals received the highest rating in the chemicals sector, coming in 23rd on the top 50 list. Alcan was cited as the best international corporate citizen, while Aliant, provider of telecommunications services in Atlantic Canada, was named best community corporate citizen. Dofasco was the 2004 best employer.

Corporate Knights cited a number of initiatives and achievements contributing to its selection of Telus for the environmental honour. In the realm of environmental leadership, for example, Telus was a key player in the development of the Communications Environmental Excellence Initiative, a North American telecommunications industry collective committed to improving the sector's environmental accountability.

The company's environmental strategy is comprehensive and far-reaching, ranging from quarterly environmental risk and performance reports, through continuing training (with more than 6,000 environmental courses completed in 2003), to a unique on-line environmental database outlining risks, inventories and data sheets on approximately 3,200 sites.

Telus sets hard targets and reports openly and clearly on all of them. Its recovery and recycling program, for example, enabled the company to recycle 7,183 metric tonnes of materials which might otherwise have become waste and yielded cost savings of more than $385,000 in 2003.

Telus was previously recognized by Corporate Knights for leadership in environmental stewardship, having been named Canada's Most Environmentally-friendly Company in its 2003 Green Machines ranking.

Commenting on Zenon's first-place ranking, Toby Heaps, editor of Corporate Knights magazine, said "It's not enough to just have a nice environmentally friendly product, you have to be good across the board. We're proud to have Zenon in the top spot because they go beyond the standard we expect of a Corporate Knight to being part of the restorative economy, a company that instead of leaving footprints is filling them."

The Corporate Knights Best 50 Corporate Citizens list was compiled on the basis of seven social and environmental scoring criteria. In addition to environment, these included product safety and business practices; community relations; employee relations/diversity in the workplace, international stakeholder relations/human rights; corporate governance; and financial performance.

Research was conducted for the first five criteria by Innovest Strategic Value Advisors, an internationally recognized research firm. Scores for corporate governance were tabulated from the Board Shareholder Confidence Index published by the Clarkson Centre for Business Ethics and Board Effectiveness. Financial performance scores were determined by the company's five-year total return.

More information is available on the Corporate Knights Web site, www.corporateknights.ca. More information on Telus's activities is availablle from Charlie Fleet at Telus, 780/493-7227, E-mail charlie.fleet@telus.com.

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