For the past 11 years, the event has honoured companies and boards of directors who stand apart for ethical practices and excellence in corporate governance. This year, the judges decided to look at corporate governance specifically in regard to social responsibility. Cascades beat out the competition, capturing first prize in the "Corporate" category.
"We are very proud of this acknowledgement. At Cascades, we believe that all organizations have a moral duty to be socially responsible, that is, to take concrete steps toward incorporating social, environmental and economic issues into their operations. As you may know, we have quite a history in this area. Sustainable development and social responsibility are an integral part of our mission, vision and management philosophy," explained President and Chief Executive Officer Alain Lemaire.
The panel of judges acknowledged Cascades' stellar performance, highlighting its three-year sustainable development plan, which is based on the results of a broad consultation of all the company's stakeholders including clients, suppliers, employees, shareholders, local communities and environmental groups.
Mr. Lemaire would like to congratulate all the contest participants and the winners in the other categories.
Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The company employs more than 12,000 employees, who work in over 100 units located in North America and Europe . With its management philosophy, close to 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. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.