[Source: http://www.marketwatch.com, February 10, 2010]
Weyerhaeuser Company /quotes/comstock/13*!wy/quotes/nls/wy (WY 41.20, -0.09, -0.22%) was among 35 international companies recognized today by the investor-backed Forest Footprint Disclosure for leadership in managing their operations and supply chains to minimize the effects on forests worldwide.
The report also named Weyerhaeuser best performer in the Industrial and Auto sector. Weyerhaeuser was the only U.S.-based company named a best performer.
"Across our supply chain, from our forestry practices to manufacturing operations, we seek to manage our environmental impact," said Cassie Phillips, vice president-sustainable forestry. "As we improve efficiency, decrease emissions and make better use of natural resources, we reduce our footprint. We're honored to be recognized for our work in this area by the FFD and are proud to be listed among international leaders in this important area."
The FFD is a new UK government-supported initiative created to help investors identify how an organization seeks to minimize deforestation through its activities and supply chains. Modeled after the successful Carbon Disclosure Project, it aims to create transparency for investors concerned about global deforestation.
The study asked participating companies to disclose how their operations and supply chains are affecting forests worldwide and what companies are doing to manage those effects responsibly. Complete information and results of the inaugural report is available at http://www.forestdisclosure.com.