Gildan’s Glenn Chamandy was the top Canadian in the Harvard Business Review rankings, at 49th place. Bell’s George Cope and Sun Life’s Dean Connor also made the list, which looks at both financial and environmental, social and governance (ESG) performance. (Harvard Business Review)
Talking point: This is the first time since 2014 Bezos hasn’t come first—and he didn’t even make the top 100, largely because of a methodology change that increased the importance of ESGs in the rankings. Harvard Business Review changed its methodology because both companies and investors are increasingly focused on more than just the bottom line. In August, for example, the CEOs of 181 of the most powerful companies in the U.S. announced that a corporation has a broader social remit and should not focus solely on helping shareholders. The Canadian CEOs on the list were generally bolstered by stronger ESG metrics than financial ones. Brookfield Asset Management’s Bruce Flatt was an outlier; although he did much better on financial performance than any other Canadian CEO—reaching 25th place overall—he ranked 855th on one of the ESG metrics.