Xerox Recognized for Global Sustainable Business Practices.
* Named to the Dow Jones Sustainability Index for the second consecutive year
* Recognized as a socially responsible investment by research firm KLD KLD Kullback-Leibler Divergence
KLD Kullback-Leibler Distance
KLD Këshilli I Lartë I Drejtësisë (Albanian: High Council of Justice)
NORWALK, Conn. -- Xerox Corporation (NYSE NYSE
See: New York Stock Exchange : XRX XRX Xerox Corporation (stock symbol) ) has received multiple honors distinguishing its economic, environmental and social investment performance. For the second consecutive year, Xerox has been named to the Dow Jones Sustainability Index for North America. In addition, the company was picked by an independent research firm, KLD, which identifies companies that meet globally recognized standards for corporate responsibility.
"Sustainable development is a proven catalyst for Xerox innovation," said Anne M. Mulcahy Anne M. Mulcahy is chairman of the board and chief executive officer of Xerox Corporation, Stamford, Conn. She was named CEO of Xerox on Aug. 1, 2001, and chairman on Jan. 1, 2002. In addition to the Xerox board, she is a member of the boards of directors of Catalyst, Citigroup Inc. , Xerox chairman and chief executive officer. "Repeated recognition by independent groups affirms both the economic and social value of our longstanding commitment to corporate sustainability."
The Dow Jones Sustainability Indices (DJSI DJSI Dow Jones Sustainability Index ) track the financial performance of the leading sustainability-driven companies worldwide. Admission into the DJSI family is based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices.
Companies selected for inclusion on KLD indices must meet specific environmental, social and governance performance standards. Each of KLD's domestic and global indexes is governed by distinct rules and policies, so a company may be a member of one or several KLD indexes. Xerox was named to the Domini 400 Social Index The Domini 400 Social Index is a stock market index created by Amy Domini and others at KLD Research & Analytics, Inc. as a benchmark of large companies that are considered socially responsible or ethical. , KLD Catholic Values 400 Index, KLD Broad Market Social Index, KLD Large Cap Social Index, KLD Large-Mid Cap Social Index, KLD Global Sustainability Index, and KLD North America Sustainability Index.
In March of this year, Xerox was named for the first time to the FTSE FTSE
A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times.
The FTSE is similar to Standard & Poor's in the United States. 4Good Index Series.
Helping Customers Reduce Their Environmental Footprint
Xerox's environmental leadership goes far beyond reducing its own environmental footprint. The company helps its customers become greener as well. For example:
* In March of this year, Xerox developed and launched the industry's first Sustainability Calculator. For Northrop Grumman Corporation the calculator was able to show one sector where it saved 27 percent in energy usage, 26 percent in greenhouse gas emissions and 33 percent in solid waste.
* Xerox helped Dow Chemical save about $100 million on desktop printing over a five year period. Xerox helped Dow by consolidating printing devices from 16,000 to 5,000 company wide. Not only is Dow saving paper but it is estimated that the company will save 20-30 percent on its printing each year--with a much smaller environmental footprint.
* Any office can cut its environmental footprint in half by replacing stand alone printers with fewer, multifunction devices-one device that can copy, print, fax and scan. If the stand alone printers are not Energy Star certified, energy savings jumps to 73 percent.
* Xerox provides its customers a large portfolio of sustainably sourced paper and has invented paper that is better for the environment. Xerox earned "chain of custody The movement and location of physical evidence from the time it is obtained until the time it is presented in court.
Judges in bench trials and jurors in jury trials are obligated to decide cases on the evidence that is presented to them in court. " certification from both the Forest Stewardship Council The Forest Stewardship Council (FSC) is a non-profit organization based in Bonn, Germany. The Council's stated mission is "to promote environmentally appropriate, socially beneficial and economically viable management of the world's forests". and the Programme for the Endorsement of Forest Certification confirming that Xerox paper products carrying the FSC FSC
See: Foreign Sales Corporation or PEFC PEFC Polymer Electrolyte Fuel Cell
PEFC Programme for the Endorsement of Forest Certification schemes
PEFC Pan European Forest Council logo have been manufactured using raw materials harvested from certified sources, controlled wood sources or post-consumer reclaimed sources.
More information on Xerox's environmental sustainability activities corporate governance and community involvement can be found in the company's Global Citizenship Report available at http://www.xerox.com/citizenship.
About Xerox Corporation
Xerox Corporation is the world's leading document management technology and services enterprise. A $17 billion company, Xerox provides the industry's broadest portfolio of color and black-and-white document processing systems and related supplies, as well as document management consulting and outsourcing services. Over the past 40 years, Xerox has demonstrated leadership in sustainability and citizenship in its products and its facilities and by investing in innovation that delivers measurable benefits to the environment. It is a member of the California Climate Action Registry The California Climate Action Registry was established by California statute as a non-profit voluntary registry for greenhouse gas emissions. The purpose of the Registry is to help companies and organizations with operations in the state to establish GHG emissions baselines as well as the United States Climate Action Partnership (USCAP USCAP United States Climate Action Partnership
USCAP United States and Canadian Academy of Pathology
USCAP United States Commercial Aviation Partnership ). It received the National Medal of Technology, the highest technology award in the United States, for its innovations.
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