Our Economic Performance

RECOGNITION OF RESPONSIBLE BUSINESS PRACTICES

INVESTOR INDEXES

A number of investor indexes provide business rankings based on information about a company's social, ethical and environmental policies and practices. They are based on the concept that a company's commitment to corporate social responsibility will sustain and grow long-term shareholder value.

Enbridge is included in two investor indexes designed to recognize responsible business practices. These include:

• the Desjardins Environment Fund, whose assets are invested in shares of corporations that contribute to maintaining and improving the environment. The Canadian-based Desjardins Fund is a well known environmental fund, and to be included indicates that the company is doing a good job in managing environmental issues
• the Jantzi Social Index (JSI), a socially screened common stock index. The JSI consists of 60 Canadian companies that pass a set of broadly based social and environmental screens.

BUSINESS LISTINGS

Our growing reputation as a leader in corporate social responsibility is shown by the recognition we have received.

In 2004, Enbridge was named one of Canada's Best Corporate Citizens in a ranking by the Corporate Knights Magazine, a Canadian publication distributed in The Globe and Mail newspaper. The annual list ranked Enbridge 11th overall and first in the gas utility industry. This was the second year in a row that Enbridge has been named one of Corporate Knights' best 50 corporate citizens. Corporate Knights based the ranking on environmental and social categories such as employee relations and diversity in the workplace, international performance, product safety and business.

Ranked one of the world's top 100 sustainable companies

In early 2005, we were one of six Canadian companies to be ranked among the world's top 100 sustainable companies in a new global business ranking introduced by the World Economic Forum. Enbridge was chosen from a pool of over 2,000 firms, representing such large global indices as the S&P 500, MSCI World, FTSE 350 and Eurostoxx. Companies were selected on their ability to manage strategic opportunities in new environmental and social markets. Companies were rated on such criteria as strategic governance, environmental initiatives, and human capital/labour relations practices. Research and analysis was conducted by Innovest, a leading environmental investment advisory firm.

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At Enbridge, there are no dividing lines between good business practices and being a responsible company — one that is ethical, is a steward of the environment, is safe, engages its stakeholders and is attentive to social needs.

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