KINGSEY
FALLS, QC, June 29, 2022 /PRNewswire/ - Cascades
(TSX: CAS), a leader in eco-responsible recycling, packaging and
hygiene solutions, once again demonstrates its leadership in
responsible business practices by ranking 8th on the
list of the Best 50 Corporate Citizens in Canada unveiled this morning by the media,
research and financial information products company, Corporate
Knights.
This year marks the 20th anniversary of this
prestigious ranking which Cascades entered 15 years ago. Through
the years, a team of analysts has developed and refined a
methodology for assessing a wide range of performance indicators.
This year, 332 Canadian companies with revues superior to
one billion dollars were among the
organizations evaluated. Not only is Cascades ranked in
8th place, but it also stands out as a leader among its
peers in the Packaging category (out of 35 companies evaluated) and
is 1st place among its peers in the Containers &
Packaging category of the Global Industry Classification Standard
(GICS) (out of 54 companies evaluated).
Among the indicators in which Cascades stands out, we find the
percentage of sales tied to eco-friendly products, the
representation of women on its board of directors, and the health
and safety performance of its employees.
"Year after year, Cascades remains delighted by this
recognition. It is a testament to our desire to push the limits of
our business practices and to pursue our primary mission: to
contribute to the well-being of people, communities and the planet.
On their wish list for ranking companies, Corporate Knights team
said that all 50 organizations should be committed to reducing
their greenhouse gas emissions following the recommendations of the
Science Based Targets initiative. It is a check-off on our list, as
our targets were approved in 2021," declared Mario Plourde, President and Chief Executive
Officer at Cascades.
Founded in 1964, Cascades offers sustainable, innovative and
value-added packaging, hygiene and recovery solutions. The company
employs approximately 10,000 women and men across a network
close to 80 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.