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September 15, 2006

Cascade Capital Holdings joins UN Global Compact

Cascade Capital Holdings has recently joined United Nations Global Compact [view certificate]. Through the power of collective action, the Global Compact seeks to advance responsible corporate citizenship so that business can be part of the solution to the challenges of globalisation.

United Nations Secretary-General Kofi Annan first proposed the Global Compact in an address to the World Economic Forum on 31 January 1999. The Global Compact’s operational phase was launched at UN Headquarters in New York on 26 July 2000. The Secretary- General invited business leaders to join an international initiative — the Global Compact — that would bring companies together with UN agencies, labour and civil society to advance universal social and environmental principles.

The operating companies under Cascade Capital Holdings are Cascade Bank, Cascade Credit, Cascade Equity Managers, Cascade Insurance and Cascade Investments. Cascade Capital Holdings is wholly owned by the Cafesjian Family Foundation, a US company.

UN Global Compact COP Report 2008-2009 [PDF, 119 kb]