KINGSEY
FALLS, QC, Jan. 22, 2025 /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 sixth year in a row, it has been ranked
one of the world's 100 most sustainable corporations by
Corporate Knights, a media, research and financial information
company. Once again, Cascades was awarded the top position among
organizations in the Containers and Packaging sector, in
addition to being ranked 59th worldwide. This recognition, which
coincided with the World Economic Forum in Davos, highlights the outstanding work of
companies 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 8,359 companies
worldwide with annual revenues exceeding one billion dollars
were evaluated in the most recent exercise.
Cascades' industry leading environmental, social and governance
practices, as well as a business model based on the circular
economy, allowed the company to excel on several levels. Among the
factors assessed by Corporate Knights, Cascades stood out for its
high percentage of sustainable revenue, attributable to products
made from recycled or certified fibres, and sustainable investments
notably in capital expenditures and research and development. The
company also distinguished itself with respect to social and
governance issues, including employee benefits, executive
compensation tied to the achievement of sustainability objectives,
and female representation on its Board of Directors.
In this regard, Cascades is also delighted to announce that it
has retained its Silver Parity Certification from Women in
Governance. This recognition reflects its commitment to promoting
gender equity in its workplaces, and the quality of its
practices.
Lastly, Cascades FRESHGUARD EnVision™, an innovative and
sustainable egg packaging solution, won the prestigious GOOD
DESIGN® Award 2024 in addition to the Big
Innovation Award 2025. These awards highlight the innovative
design, sustainability and value that this product provides to
customers, stakeholders and communities.
"We are honoured to make the Global 100 ranking of the
world's 100 most sustainable corporations for the sixth year
in a row. This recognition reflects our unwavering commitment to
sustainable and responsible practices, which are an integral part
of our business strategy. In addition, we are very proud to retain
the Silver Parity Certification from Women in Governance and to
receive two new awards for our innovative Cascades FRESHGUARD
EnVision™ solution. These accolades underscore our ability to
innovate while respecting our planet and our communities. We will
continue to promote initiatives that foster sustainable
prosperity," said Hugues Simon,
President and CEO.
Founded in 1964, Cascades offers sustainable, innovative and
value-added solutions for packaging, hygiene and recovery needs.
The company employs 10,000 women and men, who work in a
network of nearly 75 production units in North America. Driven by its management
philosophy, 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 Canada ULC.
