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ILEO Corporate Charter

The disruptions brought on by COVID-19 have had immediate and profound impacts on health, social and economic conditions in our communities. It is clear that this crisis will leave lasting scars – and that the burdens of recovery are disproportionately falling on already vulnerable people and neighbourhoods. At the same time, recent protests in response to violence and systemic racism towards Black and Indigenous people have galvanized citizens and organizations to action. This Charter signals a new and collective commitment to creating inclusive economic opportunity in our communities, and to advancing the goal of an “inclusive rebuild.”

What is the ILEO Corporate Charter?

The ILEO Corporate Charter expresses the shared commitment of its signatories to the mission of growing inclusive economic opportunity, and to taking action through their organizations. It does not prescribe what actions should be taken, but encourages a healthy competitive ambition and shared learning. The Charter also builds upon many of the existing commitments these organizations already have, whether to the United Nations Sustainable Development Goals or to diversity and inclusion. Finally, while it binds together an initial group of signatories, it also opens the door to others that want to sign-on.

The Five Action Areas

Designed to meet organizations at their various starting points while challenging all to do more, the Charter commits signatories to continuous action and improvement in building a more inclusive and prosperous region.

There are many ways to take action to create inclusive local economic opportunities. The Charter identifies five types of corporate initiatives that signatory organization can take to actively include people from vulnerable communities:

  • Inclusive procurement practices that consider local and diverse suppliers;
  • Inclusive hiring and workforce policies that prioritize hiring from vulnerable communities and recognize barriers to employment;
  • Training and apprenticeship programs that offer skills, networks, and tools to improve employment prospects;
  • Fair wages and benefits for employees at all levels; and
  • Products and services that are tailored to ensure access and realize potential.

Signatories commit to taking action in one or more of these areas. Each organization determines what type of action(s) to take and how they will implement them.

The ILEO Corporate Charter

We, as signatories of the Inclusive Local Economic Opportunity (ILEO) Charter, are committed to increasing economic opportunity that is shared and inclusive. We will take action to address growing economic disparity, which is one of the biggest challenges of our time.

Our organizations are drivers of economic and social well-being, and each of us have a stake in ensuring vibrant and equitable cities where everyone can thrive. We all win when every resident has economic opportunities that contribute to a fulfilling life.

It is our shared responsibility to ensure that we create benefits for all our stakeholders, including employees, customers, shareholders, students, residents and the broader communities in which we operate.

We pledge to review our practices and adopt new approaches to ensure that more people share in the prosperity of our economy. Together, we have many levers at our disposal to actively include people from vulnerable communities, such as:

  • Inclusive procurement practices that consider local and diverse suppliers;
  • Inclusive hiring and workforce policies that prioritize hiring from vulnerable communities and recognize barriers to employment;
  • Training and apprenticeship programs that offer skills, networks, and tools to improve employment prospects;
  • Fair wages and benefits for employees at all levels; and
  • Products and services that are tailored to ensure access and realize potential.

Through this charter, we commit to taking actions through our organi-zations and in our spheres of influence that will bring more economic opportunity to more people in our communities. This is no small mission. We invite other leaders to join us.

  • Mitchell Cohen

    Mitchell Cohen
    President,
    The Daniels Corporation
  • Dean Connor

    Dean Connor
    President and Chief Executive Officer,
    Sun Life Financial
  • Michael Friisdhal

    Michael Friisdhal
    President and Chief Executive Office,
    Maple Leaf Sports & Entertainment
  • Meric Getler

    Meric Gertler
    President,
    University of Toronto
  • Johnathan Gitlin

    Johnathan Gitlin
    President and Chief Operating Officer,
    RioCan Real Estate Investment Trust
  • Claude Guay

    Claude Guay
    President and General Manager,
    IBM Canada
  • Cynthia Hansen

    Cynthia Hansen
    Executive Vice-Presidentand President,
    Gas Distribution & Storage, Enbridge
  • Stephen Liptrap

    Stephen Liptrap
    President and Chief Executive Officer,
    Morneau Shepell
  • Nicolas Marcoux

    Nicolas Marcoux
    Chief Executive Officer,
    PwC Canada
  • Marcia Moffat

    Marcia Moffat
    Managing Director and Country Head of Canada,
    BlackRock
  • Andrew Pickersgill

    Andrew Pickersgill
    Managing Partner,
    McKinsey & Company Canadan
  • Andrew Pringle

    Andrew Pringle
    Principal and Chairman,
    RP Investment Advisors
  • Kenneth Tanenbaum

    Kenneth Tanenbaum
    Vice-Chairman,
    Kilmer Van Nostrand Co. Ltd.
  • Darryl White

    Darryl White
    Chief Executive Officer,
    BMO Financial Group(Co-Chair)
  • Beth Wilson

    Beth Wilson
    Canada Chief Executive Officer,
    Dentons