Cascades features in top 100 in global sustainable corporations ranking
January 18, 2024 By P&PC Staff
Cascades has been ranked as one of the world’s 100 most sustainable corporations by Corporate Knights for the fifth consecutive year. Ranking 38th globally, Cascades was named first amongst organizations in the containers and packaging sector.
The company shares in a press statement that this recognition highlights its exceptional work that combined environmental, social and governance considerations with business success.
“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.
The analysis used to determine the ranking is reportedly 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.
Of all the results assessed, Cascades reportedly stands out due 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.
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