KINGSEY
FALLS, QC, Jan. 18, 2023 /CNW Telbec/ - For the
fourth year in a row, the media, research and financial information
products company Corporate Knights has named Cascades one of the
world's 100 most sustainable corporations. Of the 6,000
organizations and more analyzed, Cascades ranked 20th.
For the second straight year, Cascades ranked first among the 54
organizations analyzed in the Containers &
Packaging category.
The Global 100 Most Sustainable Corporations in the World
ranking is the result of a performance analysis of international
corporations with more than $1
billion in revenues. In the evaluation, 25 key performance
indicators across four areas (economy, environment, social and
governance) are taken into account. The weighting of these
indicators is defined according to each industry. Cascades stands
out thanks to its high percentage of clean revenue, i.e. from the
sale of eco-friendly products, in addition to its sustainable
investments, the alignment of its greenhouse gas emission reduction
targets with international recommendations, the inclusion of
sustainability objectives in the performance evaluations, and
gender diversity on its board of directors.
This is one of many times that Cascades has been recognized for
sustainability over the years and bears witness to its will to
outdo itself and always do more for the well-being of communities
and the planet—a commitment it has reaffirmed in its latest
2021–2025 Sustainability Action Plan.
"The importance of developing a circular economy to protect our
resources has been at the center of Cascades' business model for
almost 60 years. We have always considered it vital to use as much
recycled material as possible in our products, and continually
review how we operate in order to be respectful of the
environment," said Mario Plourde,
President and CEO of Cascades. "We owe this performance to our
employees, who push the envelope and drive positive change every
day. It is thanks to them that Cascades is able to continuously
reduce its environmental footprint and those of its customers."
About Corporate Knights
Corporate Knights Inc. includes the sustainable business
magazine Corporate Knights and a research division that produces
rankings and financial product ratings based on corporate
sustainability performance.
About Cascades
Founded in 1964, Cascades offers sustainable, innovative
and value-added solutions for packaging, hygiene and recovery
needs. The company employs approximately 10,000 people, who
work in a network of nearly 80 production units in
North America. With its management
philosophy, half a century of experience in recycling, and
continuous efforts in research and development as driving forces,
Cascades continues to deliver the innovative products that
customers have come to rely on, while contributing to the
well-being of people, communities and the planet. Cascades' shares
trade on the Toronto Stock Exchange under the ticker symbol
CAS.
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SOURCE Cascades Inc.