RICHMOND, Va. Feb 25 2008 - Global packaging solutions leader MeadWestvaco Corporation today announced that it has been named to CRO (Corporate Responsibility Officer) Magazine's 100 Best Corporate Citizens 2008, the ninth annual ranking of top corporate citizens among U.S.-headquartered public companies. MeadWestvaco is recognized for its business practices that exemplify a higher level of corporate integrity, accountability and stewardship.
"MeadWestvaco's ongoing commitment to stewardship and sustainability inspires innovative solutions and business practices that benefit our customers and consumers as well as our shareholders," said Cliff Schneider, vice president, Stewardship and Sustainability at MeadWestvaco. "Being included in CRO's Best 100 Corporate Citizens 2008 is further demonstration that we are delivering on our mission to create value for our stakeholders while fulfilling our environmental, social and economic responsibilities."
In partnership with IW Financial, a Portland, Maine-based research and consulting firm in environment, social and governance issues, CRO ranked the corporate responsibility efforts of large-cap companies from the Russell 1000 Index in eight categories: Climate Change, Employee Relations, Environment, Financial, Governance, Human Rights, Lobbying and Philanthropy. CRO determined the final ranking as a weighted average of these eight categories.
The 100 Best Companies will be honored in a special reception at the conclusion of the Spring CRO Conference on March 27, 2008, at the Union League Club in New York City. For more details about CRO's 100 Best Corporate Citizens 2008, the methodology and CRO Magazine, visit www.thecro.com.
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