Weyerhaeuser named to Dow Jones Sustainability Index
Federal Way, Wash.-based Weyerhaeuser announced that it has been named to the Dow Jones Sustainability Index (DJSI), which tracks the economic, environmental and social performance of North American companies.
The company said that it is the only building materials company to be named to the index.
"Our viability as a company depends on our long-term commitment to continuous improvement in protecting the land and nurturing the forest," said Dan Fulton, president and CEO. "Our inclusion on the DJSI Indices is validation of our belief in the renewable resource -- trees -- that forms the base of our sustainable business."
The DJSI was launched in 1999 to track the market performance of sustainability driven companies worldwide. Companies are invited to participate in the review process, and the selection of index companies is based on an assessment of general and industry-specific criteria.
"We're honored to again be included in the Dow Jones Sustainability Index, North America," Fulton said. "Third-party validation of our sustainability practices is important confirmation for our customers, employees, communities and shareholders that we are on the right path.
Weyerhaeuser is one of the world's largest forest products companies, with more than $8 billion in sales in 2008.
