CUC’s Materials Management Team (from left) Samuel Stewart, Robert Tiofilo (kneeling), PhilipParchment (kneeling), Dennis Connor, Carlos Rivers, Keanu McLean and Aaron Frederick.Missing from photo is Chad Powell, Shirley Terry, Donna Gayle and Liana Zavislak

Caribbean Utilities Company, Ltd. (“CUC” or “the Company”), in collaboration with Cadwell
Inc. (“CADWELL”), proudly announces a groundbreaking achievement in environmental
stewardship — the successful recycling of an impressive 2,784,712 pounds of scrap metal,
cable and transformers. This significant milestone underscores CUC’s dedication to
sustainability and responsible waste management, setting an exemplary standard for the
entire Caribbean region. The Green Diamond Award, conferred upon CUC by CADWELL,
recognises the Company’s outstanding leadership and commitment to environmental
conservation.

Under the exceptional guidance of CUC’s leadership and the Materials Management Team,
in conjunction with CADWELL Recycling’s facilitation and support, this achievement
represents a milestone in the Cayman Islands’ journey towards a greener, more sustainable
future. As the sole provider of electricity to Grand Cayman, CUC, with over 250
employees, continues to prioritize sustainable business practices and has become a
trailblazer in recycling efforts.

Chad Powell, CUC’s Manager Materials Management, the lead on the Company’s recycling
programme, shared his vision for CUC’s role in leading recycling efforts, emphasizing
corporate responsibility and expressing gratitude towards his team. Mr. Powell stated, “At
CUC, we envision ourselves as pioneers in recycling, driving positive change in our industry
and beyond. This accomplishment would not have been possible without the dedication,
hard work, and collaboration of our incredible team.”

In partnership with CADWELL, a recognised leader in recycling and distribution services in
the Caribbean, CUC has successfully filled forty-eight 20-foot containers, sixty-eight 40-
foot containers and five 40-foot flat racks with recyclable materials since 2019. This
collaboration has diverted significant amounts of material from landfills, contributing to a
more sustainable future.

Mr. Powell has played a crucial role in fostering a culture of environmental responsibility
within CUC. With visionary leadership and support from CADWELL, he has empowered the team to embrace sustainable practices, resulting in tangible differences in waste reduction.

The Green Diamond Award acknowledges CUC’s commitment to sustainability and
environmental responsibility, setting a shining example for organisations throughout the
Caribbean. Andrew Cadwell, CEO & Founder of CADWELL, expressed gratitude for the
partnership, stating, “We are extremely grateful for the dedication of CUC’s Executives
and the Materials Management Team for their remarkable achievement in recycling such a
significant amount of material. CUC’s commitment to sustainability showcases corporate
leadership in the Caribbean region.”

CADWELL is honoured to have played a role in facilitating CUC’s remarkable
accomplishment, providing expertise, support and tools to achieve the goal of leading the
Caribbean’s recycling initiatives. It truly was an honour for CADWELL to give the well-
deserved recognition to the CUC team. The CADWELL and CUC teams look forward to
celebrating accomplishments in sustainability together for many more years.