Kodak Recognized for Sustainable Business Practices
Tuesday, February 10, 2009
Press release from the issuing companyROCHESTER, N.Y. -- For the fifth straight year, Eastman Kodak Company has been named to the listing of “Global 100 Most Sustainable Corporations” compiled by Corporate Knights Inc. with Innovest Strategic Value Advisors.
Over the last year, Kodak has received recognition from at least six leading third parties for its global sustainable business practices.
Kodak is listed once again on both the Dow Jones Sustainability Index (DJSI) and FTSE4Good Index. The DJSI listing is based on a thorough annual review of corporate economic, environmental and social performance. The FTSE4Good is a system designed to give investors a global standard for comparing environmental and social performance of companies that qualify for listing on the London-based FTSE Index. It is the seventh year in a row that Kodak has been listed on both indices.
Among the other recognitions received by Kodak over the last year are:
- Listing in several socially responsible investment indices by financial market research firm KLD Research & Analytics. For inclusion, companies must meet rigid standards in the areas of social, environmental and corporate governance performance.
- Inclusion in The Boston College Center for Corporate Citizenship and Reputation Institute’s Top 50 ranking of leading global companies for public perception of corporate social responsibility.
- Special Citation from the U.S. Department of State for support and participation in the Business Roundtable’s initiative for environmental stewardship and social responsibility.
In addition, the U.S. Environmental Protection Agency (EPA) recently gave an “Energy Star” designation to Kodak’s Rochester headquarters office complex. The Energy Star designation for offices is used to recognize superior energy management practices. In its review, the EPA indicated that the Kodak office complex utilizes 33% less energy than an average similar facility.
“These multiple recognitions are very gratifying validation of Kodak’s commitment to sustainability,” said David M. Kiser, Kodak Vice President and Director of Health, Safety, Environment and Sustainability. “This commitment is also evidenced in the Corporate Responsibility Principles that serve as our strategic guide in this area, while our Responsible Growth Goals set measurable objectives.”
Kiser noted that the Responsible Growth Goals include specific objectives for social responsibility, product responsibility and operations responsibility. Among them are targets for reductions in energy use and greenhouse gas emissions. Kodak estimates that by year-end 2008, it achieved reductions of 40% in each of those areas since 2002.
More information about Kodak’s commitment and progress can be found in the Global Sustainability pages of Kodak’s website. The Kodak Global Sustainability Report is also found at this site.
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