Weyerhaeuser Selected for Dow Jones Sustainability Group Index.Business Editors/Environmental Writers FEDERAL WAY, Wash.--(BUSINESS WIRE)--Dec. 27, 2000 Weyerhaeuser This article is about the company. For the village by this name, see Weyerhaeuser, Wisconsin. Weyerhaeuser is one of the largest pulp and paper companies in the world; the world's largest private owner of softwood timberland; and the second largest owner Company (NYSE NYSE See: New York Stock Exchange :WY) today announced that it has been selected to the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Sustainability Group Index (DJSGI DJSGI Dow Jones Sustainability Group Index ). Weyerhaeuser is the only forest products company named to the index this year. The DJSGI is the world's first global sustainability index tracking the performance of the leading sustainability-driven companies worldwide. The DJSGI includes 236 companies from 61 industries in 27 countries and measures companies' commitment to innovation, governance Governance makes decisions that define expectations, grant power, or verify performance. It consists either of a separate process or of a specific part of management or leadership processes. Sometimes people set up a government to administer these processes and systems. , shareholders, leadership and society. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the index, "sustainability leaders can be identified and ranked for investment purposes according to their management" of these five opportunities and risks. "Corporate sustainability is an investable concept," according to the DJSGI. "This is crucial in driving interest and investments in sustainability to the mutual benefit of companies and investors. As this benefit circle strengthens, it will have a positive effect on the societies and economies of both the developed and developing world." "Weyerhaeuser is proud to be included on the Dow Jones Sustainability Group Index," said Mack L. Hogans, Weyerhaeuser senior vice president, corporate affairs. "It is a confirmation of our innovation and leadership in managing our company and our valuable natural resources. We're we're Contraction of we are. we're we are very pleased with this public recognition of our company as an industry leader in the social, environmental and economic arenas. "The rigorous methodology used by Dow Jones to identify companies for the index truly indicates the sustainability leaders in industry. This listing marks another step in our journey to be the best forest products company in the world." Weyerhaeuser is listed under the Market Sector "Basic Materials," Industry Group "Forest Products." Another Industry Group in the same Market Sector, "Paper Products," lists Sweden's Svenska Cellulosa AB and Assi Doman; Finland's Stora Enso
Weyerhaeuser Company (NYSE:WY), one of the world's largest integrated forest products companies, was incorporated in 1900. In 1999, sales were $12.3 billion. It has offices or operations in 13 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at www.weyerhaeuser.com. http://www.businesswire.com/cnn/wy.htm |
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