Cascades has ranked 49th among this year’s Corporate Knights Global 100 Most Sustainable Corporations in the World. The list recognizes companies committed to best practices in environmental, social, and governance arenas, based on an in-depth analysis of over 7,000 international organizations with revenues exceeding $1 billion. The announcement was made by the Toronto-based clean capitalism proponent on the sidelines of World Economic Forum Annual Meeting in Davos.
Cascades is the only containers and packaging company on the list and is one of 12 Canadian businesses.
“Cascades has always been proactive in communicating its results in a transparent manner. As early as 1996, we were disclosing our environmental and social data in our annual report,” says Mario Plourde, president and CEO of Cascades. “With our stakeholders in mind, we have been increasing the number of ESG projects over the years, and our results have been steadily improving. Our efforts are paying off.”
Besides winning a number of social responsibility and sustainable development awards, Cascades has consistently ranked among Corporate Knights’ Best 50 Corporate Citizens in Canada since 2007.
According to Toby Heaps, CEO and co-founder of Corporate Knights, “Companies that put social responsibility and sustainable development at the core of their business model and their thinking endure over time and do better than their competitors.”
Alain Lemaire, executive chairman of the board of firectors and co-founder of Cascades, says, “For us, acting and behaving responsibly is always the right thing to do.”