MeadWestvaco Named to the 2007 Dow Jones Sustainability World Index; Ranked Best-In-Class for Industry Leadership in Sustainability and Corporate Responsibility.
RICHMOND, Va. -- MeadWestvaco Corporation (NYSE: MWV) today announced that it has been selected as a member of the 2007 Dow Jones Sustainability World Index (DJSI World). The packaging leader was included on the prestigious Index for the third consecutive year based on its success integrating environmental sustainability and social values into core business objectives and economic performance. The DJSI World represents the top 10% of the largest 2,500 companies in the Dow Jones Global Index for their economic, environmental and social performance. E[acute accent]For the second straight year, MeadWestvaco also ranked best-in-class in the Containers & Packaging group, demonstrating outstanding leadership in industry-specific environmental criteria such as climate strategy and sustainable fiber and pulp. E[acute accent]"We're committed to sustainability as a core business objective because it directly affects the future of our company, our employees and the communities in which we operate," said John A. Luke, Jr., chairman and chief executive officer of MeadWestvaco. "We are proud to be included on the Dow Jones Sustainability World Index for the third year, and we will continue to strive for world-class leadership as a corporate citizen in the global packaging market." E[acute accent]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 2007 included only 318 companies from around the world. E[acute accent]To learn more about MeadWestvaco's stewardship and sustainability programs please visit: http://www.meadwestvaco.com/sustainability.nsf
E[acute accent]About MeadWestvaco
E[acute accent]MeadWestvaco 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 & 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 all of its forestlands in accordance with internationally recognized forest certification standards. For more information, please visit www.meadwestvaco.com.