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Weyerhaeuser Named to Dow Jones Sustainability Index
Sep 18, 2008
FEDERAL WAY, Wash., September 18, 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.
“We’re 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 at http://www.weyerhaeuser.com/sustainability. The summary brochure, “Sustainability Essentials,” is available as a PDF at http://www.weyerhaeuser.com/Sustainability/Downloads.
Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2007, sales were $16.3 billion. It has offices or operations in 13 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com.
The Dow Jones Sustainability Indexes track the financial performance of the leading sustainability-driven companies worldwide. Based on the cooperation of Dow Jones Indexes, STOXX Limited and SAM Group, the indexes provide asset managers with reliable and objective benchmarks to manage sustainability portfolios. The indexes cover companies in terms of economic, environmental and social criteria. Full details about the design philosophy, review methodology and index components are available at http://www.sustainability-indexes.com.
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