DALLAS, Nov. 22, 2013 /PRNewswire/ -- Kimberly-Clark Corp. has been named an industry leader in CDP's annual report on its efforts to assess and minimize deforestation risks across its global supply chain, earning the top ranking for three of the past four years.
CDP, a global not-for-profit organization that measures and reports environmental impacts, ranked 139 companies in this year's forests annual report (formerly known as the Forest Footprint Disclosure Project). The survey respondents' combined market capitalization is approximately $3 trillion, according to CDP. This year's forests report ranked Kimberly-Clark as the world sector leader for household and personal care products. Kimberly-Clark also was a sector leader for two consecutive years, 2010 and 2011, under the former Forest Footprint Disclosure Project.
"Kimberly-Clark is proud of the efforts we have made to address deforestation risk in our supply chain through an industry-leading fiber-procurement policy, inclusive stakeholder engagement practices and an active risk-management program," said Lisa Morden, senior director of global sustainability for Kimberly-Clark. "We're motivated to deliver essentials for a better life to more people worldwide while reducing the environmental impacts on the world in which we live."
"We applaud the work of Kimberly-Clark, which has demonstrated leadership in the steps they have taken to address deforestation risks in their supply chain," said Paul Simpson, CEO of CDP. "Many other companies do not understand their potential exposure to these risks. At CDP, we provide the world's largest system to enable businesses to disclose and understand these operational, reputational and supply chain risks, while alerting investors to the value implications."CDP's forests annual report summarizes how many of the world's largest companies are managing their exposures to the risk of deforestation in their operations and supply chains related to one or more of the major five "forest risk" commodities: timber products, palm oil, soy, cattle products and biofuels. Participants receive feedback on their strengths and weaknesses compared to their peers to help promote and share better practices.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts