Weyerhaeuser's Sustainability Performance Available Online
Wednesday, July 30, 2008
Press release from the issuing companyFEDERAL WAY, Wash., Jul 29, 2008 -- Weyerhaeuser Company today announced its 2007 sustainability performance results are now available online at www.wy.com/sustainability. Weyerhaeuser has adopted a more transparent and timely reporting method that provides a comprehensive, searchable website. A summary brochure is also available called "Sustainability Essentials." A companion piece to the company's Annual Shareholder's Report, the new online sustainability content focuses on environmental and social responsibility.
Highlights of the report include:
-- In May 2008, Weyerhaeuser set a goal to reduce water use at its cellulose fibers mills 20 percent by 2012, using a 2007 baseline.
-- The company has completed a draft human rights policy.
-- Weyerhaeuser reduced its direct greenhouse gas emissions into the atmosphere 15 percent in 2007 compared with year 2000 levels. The company's target to reduce GHG emissions by 40 percent by 2020, using a 2000 baseline, is the most aggressive in the forest products industry.
-- Weyerhaeuser's 2007 total shareholder return -- 10.96 percent -- outperformed the Standard & Poor's 500 Index.
-- Nearly all -- 94 percent -- of Weyerhaeuser's North American-made forest products are certified to sustainable forestry standards.
-- In 2007, the company planted more than 177 million tree seedlings.
-- The summary brochure, "Sustainability Essentials," is available as a PDF at http://www.weyerhaeuser.com/Sustainability/Downloads
-- To request a copy of the summary brochure, complete the online form at http://www.weyerhaeuser.com/Company/CorporateAffairs/Contact/ OrderAPublication (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
Weyerhaeuser has published a sustainability report since 2002, following the guidelines recommended by the Global Reporting Initiative, a voluntary process for standard reporting on the economic, environmental and social dimensions of a company's activities, products and services. The company has published an annual environmental performance report since 1993 and a citizenship report since 2001. The 2007 web-based update is our second report produced using the GRI's G3 guidelines to an application level of "A."
Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2007, sales were $16.3 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 http://www.weyerhaeuser.com.
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