09.06.04

9.6.2004: Meldung: Zenon Environmental Inc.: Zenon Tops List of Best 50 Corporate Citizens in Canada

Tuesday June 8, 10:28 am ET
Independent investment research firm recognizes Zenon"s performance in managing environmental, social and governance issues while being profitable

OAKVILLE, ON, June 8 / Zenon Environmental has been ranked as Canada"s top Corporate Citizen by Corporate Knights, a business publication addressing corporate responsibility. This is the second time that Zenon has been selected to lead as Canada"s top Corporate Citizen.

"We are extremely proud to have been chosen twice for this distinction," said Andrew Benedek, Chairman and CEO of Zenon. "There are many good corporate citizens in this country, showing that socially responsible companies can also be profitable ones."

Companies were scored across seven categories, five of which were sourced from Innovest Strategic Value Advisors, an internationally recognized research firm - Environment, International Stakeholder Relations/Human Rights, Product Safety and Business Practices, Community Relations and Employee Relations/Diversity in the Workplace.

The remaining two categories are Corporate Governance and Financial Performance. 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.

"It"s not enough to just have a nice environmentally friendly product, you have to be good across the board," said Toby Heaps, Editor of Corporate Knights magazine. "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."

Zenon is a world leader in providing advanced membrane products and services for water purification, wastewater treatment and water reuse to municipalities and industries worldwide.

The 2003 recipient of the prestigious Stockholm Industry Water Award, Zenon was selected because of the company"s innovative approaches to the development of water and wastewater process technologies along with its contributions to environmental improvement.

Zenon has also been selected as one of Canada"s Top 100 Employers for the fourth consecutive year. An S&P/TSX Composite company, Zenon Environmental Inc. trades under the symbols TSX: ZEN and ZEN.A and OTC: ZNEVF and ZNEAF. Additional information is available at the Company"s web site www.zenon.com.


Source: Zenon Environmental Inc.
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