Cascades Launches its Sustainable Development Plan
21 Apr, 2011, 08:14 ET
KINGSEY FALLS, QC, April 21 /PRNewswire/ - Cascades Inc. (TSX: CAS) is launching its sustainable development plan which has determined 18 objectives that it will strive to attain by the end of 2012. The purpose of these objectives is threefold: performance, leadership and transparency.
The foundation of Cascades' sustainable development plan is based on consultation with the Company's stakeholders which includes its employees, its customers, its suppliers, its investors and certain non-governmental organizations. "The importance given to consulting with our stakeholders is what sets our sustainable development plan apart from others", stated Henry Sauvagnat, Vice-President, Sustainable Development.
By compiling our stakeholders' comments, we were able to examine our current practices and make changes to some of them. The first stage of consultation took place in 2009 with the help of the firm Samson Bélair/Deloitte & Touche. The overall preparation of the plan and its commitments was supervised and validated by Climate for Ideas.org, a non-governmental environmental organization.
You may view, download or order Cascades' 2010-2012 Sustainable Development Plan at www.cascades.com/sustainable-development. Although Cascades will not publish a report this year, the 2010 performance of the Company will be presented in a performance indicator table at the same address.
Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The Company employs close to 12,400 employees, who work in more than 100 units located in North America and Europe. Its management philosophy, its more than 45 years of experience in recycling and its continued efforts in research and development are strengths that enable Cascades to create new products for its customers. Cascades' shares trade on the Toronto Stock Exchange, under the ticker symbol CAS.
Certain statements in this release, including statements regarding future results and performance, are forward-looking statements (as such term is defined under the Private Securities Litigation Reform Act of 1995) based on current expectations. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, decreases in demand for the Company's products, increases in raw material costs, fluctuations in selling prices and adverse changes in general market and industry conditions and other factors listed in the Company's Securities and Exchange Commission filings.
SOURCE CASCADES INC.
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