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Weyerhaeuser's 2010 Sustainability Performance Available Online
Jun 23, 2011
New sustainability strategy revealed
FEDERAL WAY, Wash., June 23, 2011 — Weyerhaeuser Company (NYSE: WY) today announced its 2010 sustainability performance results are available online at www.weyerhaeuser.com/sustainability. The report also details the company’s new 2020 sustainability strategy, which establishes a number of new goals and targets while reinforcing existing commitments.
Weyerhaeuser’s 2010 sustainability achievements include:
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Employees sustained their track record of safety excellence by maintaining a recordable incident rate of less than one. Seventy-six percent of the company’s facilities operated injury-free.
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The company’s cellulose fibers mills reduced water use by 16 percent compared to 2007, making progress towards their goal of 20 percent by 2012.
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One hundred percent of the 20 million acres of timberland the company owns or manages in North America maintained certification to the Sustainable Forestry Initiative® standard.
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The company reduced its greenhouse gas emissions by 26 percent compared to 2000 levels, making progress towards its long-term goal of 40 percent by 2020.
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The company’s five homebuilding subsidiaries continued to be acknowledged for leadership in building energy-efficient homes. Pardee Homes was recognized as the National Association of Home Builders' 2010 Green Building Corporate Advocate of the Year.
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Weyerhaeuser employees gave 14,127 hours of their time to support 113 projects in communities where the company operates.
“These results show our commitment to sustainability has not wavered during these difficult economic times,” said Dan Fulton, President and CEO. “We manage valuable renewable natural resources to deliver superior sustainable solutions to the world. It’s a responsibility we take seriously. Our 2020 sustainability strategy will serve as both foundation and guiding post as we continue to make progress against the goals we’ve set to ensure the long-term health of our company, communities, and the planet we share.”
In 2011, Weyerhaeuser was ranked by FORTUNE magazine as the most admired forest and paper products company in the world. Weyerhaeuser tied for tenth in FORTUNE’s overall ranking of companies that are best in social responsibility. Weyerhaeuser was also included on the Dow Jones Sustainability Index for North America (2010), the Global 100 Most Sustainable Corporations in the World (2011) and Corporate Responsibility Magazine 100 Best Corporate Citizens (2011).
Weyerhaeuser has published a sustainability report since 2002, following the guidelines recommended by the Global Reporting Initiative, a voluntary standard for corporate reporting on economic, environmental, and social performance.
Weyerhaeuser Company, one of the world's largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage our timberland on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2010, we employed approximately 14,000 employees in 10 countries. We have customers worldwide and generated $6.6 billion in sales in 2010. Our stock trades on the New York Stock exchange under the symbol WY. Additional information about us is available at http://www.weyerhaeuser.com.
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