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| 7/8/2009 |
Honda Canada named one of Canada's "Fifty Most Socially Responsible Corporations" |
TORONTO (July 6, 2009) - Honda Canada Inc. has been named one of Canada’s “Fifty Most Socially Responsible Corporations” in the Jantzi-Maclean’s 2009 Corporate Responsibility Report. The report appeared in a recent issue of Maclean’s magazine.
Jantzi Research Associates – an independent investment research firm –evaluates and monitors the social, environmental and governance performance of approximately 300 Canadian companies and income trusts. Jantzi uses a best-of-sector methodology to assess all constituents of the S&P/TSX Composite Index rather than excluding industries, and measures each firm against the standard of best practices in its industry.
According to Jantzi, the Fifty Most Socially Responsible Corporations are “selected on the basis of a broad range of social, environmental and governance indicators… [and] these companies are making Canada a better place.”
The Maclean’s brief highlights Honda’s 2010 Insight hybrid passenger car as being “the most affordable hybrid currently available in North America,” and gives prominence to Honda’s FCX Clarity hydrogen fuel cell vehicle which was awarded the “2009 World Green Car” award.
Other initiatives featured in the brief include Honda‘s new “Eco-Assist” system in the Honda Insight, which is designed to help drivers optimize fuel efficiency; and Japan-based Honda Soltec Co. Ltd, a Honda subsidiary which is developing its own line of ultra-thin, non-silicone solar cells for home and vehicle use.
Honda is recognized for being an environmental leader among automotive manufacturers worldwide. In 1972, the Honda Civic CVCC engine was the world’s first engine to comply with strict 1970 U.S. Clean Air Act emissions standard. Today, Honda is one of North America’s most fuel-efficient car companies and a global leader in advanced fuel-cell technology.
Now in its 40th years of operations in Canada, Honda Canada Inc. has sold more than 3,200,000 Honda and Acura passenger cars and light-duty trucks. Nearly half of all Honda and Acura vehicles sold in Canada in 2008 were made in Canada – a higher percentage than any other vehicle manufacturer in Canada.
Honda Canada makes the Honda Civic and the Acura MDX and CSX at its two manufacturing plants in Alliston, Ontario, and produces fuel-efficient 4-cylinder engines at its engine plant, adjacent to its two plants.
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