KINGSEY
FALLS, QC, Jan. 17, 2024 /PRNewswire/ - Cascades Inc.
(TSX: CAS), a leader in the recovery and manufacturing of
environmentally friendly packaging and hygiene products, is proud
to announce that for the fifth consecutive year, it has been ranked
as one of the world's 100 most sustainable corporations by
Corporate Knights, a media, research and financial information
company. Ranking 38th globally, Cascades has maintained
it's leading industry position, being named first amongst
organizations in the Containers and Packaging sector. This
recognition highlights the exceptional work of companies such as
Cascades that have combined environmental, social and governance
considerations with business success.
The analysis used to determine the ranking is based on a
methodology that is reviewed annually and takes into account 25
performance indicators. A total of 6,733 companies across the globe
with annual revenues exceeding one billion
dollars were evaluated in the most recent exercise.
An expertise built on 60 years of experience in the
circular economy combined with our distinctive environmental and
social practices allowed the company to perform on several levels.
Of all the results assessed, Cascades stands out thanks to its high
percentage of sustainable revenue attributable to products made
from recycled or certified fibres; its high percentage of
sustainable investments, namely capital investment expenditures and
R&D investments; as well as governance elements such as gender
diversity on the Board of Directors and executive compensation tied
to the achievement of sustainability objectives.
"We are pleased to start our 60th anniversary year with
this recognition. Looking back over the last six decades, we
celebrate the rich legacy of our founders, the Lemaire brothers,
who inspired a vision and approach that set us apart
environmentally and socially. Every day, our business decisions and
our teams embody these core values of respect for natural and human
resources, which we uphold through our decisions and actions. We
have built our reputation on these values that we can be proud of.
I would like to thank our teams for their commitment to ensuring
Cascades' continued leadership position," said
Mario Plourde, President and CEO.
Founded in 1964, Cascades offers sustainable, innovative and
value-added packaging, hygiene and recovery solutions. The Company
employs 10,000 talents across a network close to 75 facilities
in North America. Driven by its
participative management, half a century of experience in
recycling, and continuous research and development efforts,
Cascades continues to provide innovative products that customers
have come to rely on, while contributing to the well-being of
people, communities and the entire planet. Cascades' shares trade
on the Toronto Stock Exchange under the ticker symbol CAS.
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SOURCE Cascades Inc.