Modern Mill, manufacturer of innovative wood alternative ACRE, has been named to Fast Company’s prestigious annual list of the “World’s Most Innovative Companies for 2023.”
This year’s list highlights the businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow. These companies are setting the standard with some of the greatest accomplishments of the modern world. In addition to the World’s 50 Most Innovative Companies, 540 organizations are recognized across 54 sectors and regions.
“We are honored to be included in this list of most innovative companies in the world,” said Kim Guimond, Chief Marketing Officer at Modern Mill. “We’ve always taken a holistic view of how we do business and are just at the beginning of pursuing our bigger vision of creating positive outcomes for our planet and our people.”
Modern Mill’s inaugural product ACRE, a wood alternative made from upcycled rice hulls, is a practical solution for deforestation. It offers all the warmth and beauty of rich tropical woods like ipé, teak and cedar with the low-maintenance convenience of composites. ACRE is the first wood alternative that is indistinguishable from wood, capable of fine craft and disrupting the status quo.
Modern Mill is a zero-waste, circular manufacturer. All scrap or products returned through its recycling program are used to make new ACRE products. One pallet of ACRE saves an acre of tropical rainforest for exotic hardwoods like ipé. In 2022 alone, those who chose ACRE products contributed to saving more than 44,000 acres of tropical rainforest.
Additionally in 2022, Modern Mill diverted more than 4,000 tons of rice hulls that were destined for landfills, or the equivalent of all one day’s garbage in the City of Cincinnati, Ohio.
Fast Company’s editors and writers sought out the companies making the biggest strides around the globe. The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a firsthand look at the inspiring and innovative efforts of companies across all sectors of the economy.
“What a strange and thrilling year it has been to honor this year’s Most Innovative Companies. This year’s list compiles some of the most cutting-edge groundbreakers who are changing our world every single day, from legacy organizations like McDonald’s to upstarts like MrBeast and institutions such as NASA. Everyone on this list does something completely, uniquely different, yet, they all have one thing in common: innovation,” said Fast Company editor-in-chief Brendan Vaughan.