MeadWestvaco Corporation (NYSE: MWV), a global leader in packaging and packaging solutions today announced it is listed on the 2012 Dow Jones Sustainability World Index (DJSI World), marking its ninth consecutive year on the Index. The DJSI World recognizes the world’s leading companies in the areas of economic, environmental and social performance, and evaluates organizations based on their commitment to and success integrating sustainability into core business objectives and performance. In addition to being among the 340 companies listed on the World Index, MWV was the only company in the Containers & Packaging sector to be listed on the North American index.
“Our drive to find sustainable solutions is embedded in our core and reflects the way we run our business every day,” said John A. Luke, Jr., chairman and chief executive officer of MWV. “As a global leader in packaging solutions, serving the world’s most recognized brands, we find inspiration from working with others – partnering with customers to create valuable solutions that satisfy their needs and move us toward the goals we share in business and for our environment.” He added, “We realize the bar is raised every year; recognition on this competitive index, as well as our recent listing on the Carbon Disclosure Leadership Index, confirms we are finding better ways to sustain our world, every day.”
In the last year, MWV has launched a comprehensive Sustainability Strategy for its business and released measurable targets to monitor progress toward energy efficiency, carbon emissions and water use reductions, certified fiber sourcing, beneficial reuse of waste, and supplier conduct. The Dow Jones Sustainability Index recognizes companies for this kind of transparency, as well as for continuous improvement in key areas of social, economic and environmental performance. On this year’s index, MWV increased its overall score in the Operational Eco-Efficiency, Labor Practices & Human Rights, and Social Reporting sectors. MWV maintained its high score for the social criteria based on its programs to engage stakeholders and its industry-leading Code of Conduct for employees, and also scored above its peers for environmental policies and management systems.
Launched in 1999, the Dow Jones Sustainability Indexes are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide, and captures the top 10 percent based on long-term economic, environmental and social criteria.