MeadWestvaco named to the 2006 Dow Jones Sustainability World Index
Sep 09, 2005. MeadWestvaco named to the 2006 Dow Jones Sustainability World Index for global leadership in sustainability and corporate responsibility
Sep 09, 2005. /Lesprom Network/. Demonstrating its success in integrating sustainability practices with core business objectives and values, packaging leader MeadWestvaco Corporation announced that it has been selected as a member of the 2006 Dow Jones Sustainability World Index (DJSI World) for the second consecutive year. The DJSI represents the top 10% of the largest 2,500 companies in the Dow Jones Global Index in terms of economic, environmental and social performance.
MeadWestvaco also ranked best in class in the containers and packaging industry group, demonstrating outstanding leadership in industry-specific categories including energy- and cost-efficient process improvements and social and environmental standards for suppliers.
"Sustainability is essential to our success - it affects the future of our company, our employees, the communities in which we operate, and it stimulates innovation," said John A. Luke, Jr., chairman and chief executive officer of MeadWestvaco. "We are proud to be recognized through the Dow Jones Sustainability World Index for our sustainability and corporate responsibility practices as we strive for world-class leadership in packaging solutions."
The DJSI World was launched in 1999 as the first equity benchmark to track the financial performance of sustainability leaders on a global scale. Of the 2,500 global companies assessed, the DJSI World included only 317 companies from 24 countries.
MeadWestvaco, headquartered in Stamford, Connecticut, is a global packaging company that delivers high-value packaging solutions and products to the world's most recognized companies in the food and beverage, media and entertainment, personal care, cosmetic and healthcare industries. The company also has market-leading positions in its consumer and office products, specialty chemicals and specialty papers businesses. MeadWestvaco, with operations in more than 29 countries, has been selected for the Dow Jones Sustainability Indexes, and manages its forestlands in accordance with the Sustainable Forestry Initiative(R).