Consumables
WEYERHAEUSER NAMED TO DOW JONES SUSTAINABILITY INDEX
Monday 22. September 2008 - Weyerhaeuser Company (NYSE: WY) today announced it has been named to the Dow Jones Sustainability Index that tracks North American companies in terms of their economic, environmental and social performance.
Weyerhaeuser is the only North American company named in the category of forestry and paper products.
The DJSI follows a best-in-class approach and includes sustainability leaders from each industry. The annual review is based on a thorough assessment of corporate economic, environmental and social performance, covering issues such as corporate governance, risk management, labor practices, climate change and supply chain standards. The DJSI results are available to asset managers around the world for a variety of sustainability-driven investment portfolios.
“As people around the world focus on climate change, Weyerhaeuser has an important role to play,” said Dan Fulton, president and chief executive officer. “Our expertise in managing forests puts us in a unique position to find sustainable solutions for people and the planet. Trees and wood products store carbon. We use science and technology to protect the environment while creating the products customers demand.”
Launched in 1999, the Dow Jones Sustainability Indexes track the market performance of sustainability-driven companies worldwide. Companies are invited to participate in the review process, and the selection of index companies is based on an assessment of general and industry-specific criteria.
“Were proud to again be a member of the Dow Jones Sustainability Index,” Fulton said. “Third-party validation of our sustainability practices is confirmation for our customers, employees, communities and shareholders that we are doing the right thing. In our operations, we are continuing to reduce our direct greenhouse gas emissions to meet our commitment of a 40 percent reduction by 2020 using a 2000 baseline.”
The Weyerhaeuser Sustainability Report is available online