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MWV makes CDP S&P 500 Climate Disclosure Leadership Index for third year

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MWV makes CDP S&P 500 Climate Disclosure Leadership Index for third year

September 30, 2013 - 20:49
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RICHMOND, VA, Oct. 1, 2013 (Press Release) -MWV has been recognized for leadership in climate change transparency by the Climate Disclosure Project's (CDP) Carbon Disclosure Leadership Index for 2013. This index highlights companies that score in the top ten percent of the S&P 500 based on commitment to climate change disclosures and understanding of the impact of climate change issues. MWV was recognized for the third time in the past four years, this year with a score of 98 out of 100. We were proud to appear on the list alongside a number of our customers in the consumer staples and healthcare categories.

At MWV, we are committed to improving our environmental performance through emissions reductions and increased use of renewable energy. In 2012 we committed to reduce CO2 emissions by 25 percent by 2015 (versus a 2010 baseline). From 2010 to 2012, we decreased total greenhouse gas emissions by 4 percent. And later this year, a new biomass boiler at our Covington, Va. paperboard mill will further reduce our use of fossil fuels by an estimated 200,000 tons.

"Sustainability has always been a major focus for MWV-for our customers, our shareholders and members of the communities where we live and work. What's new in the last four years is how we communicate about it," said Mark Watkins, senior vice president, Technology & Forestry, MWV. "This continued recognition from CDP shows we're not only taking the right actions for business, environmental and social performance, but we're also proactively communicating about those actions with key stakeholders."

MWV has also committed to reduce our use of fossil fuels by 25 percent by 2015. Already, we have reduced our purchased electricity at three large paperboard mills in the United States by 15 percent. Last year roughly 71 percent of MWV's overall energy consumption came from renewable resources. Many of our facilities, for example, operate on combined heat and power (CHP) systems, which produce energy through the use of biomass.

In addition to improving metrics around MWV's environmental performance, sustainability is also about what we deliver to customers. Products across our portfolio, from Natralock® security packaging to Shellpak Renew ® with Optilock Technology ® medication adherence solutions, offer our customers and consumers more sustainable packaging options.

Last month, MWV was named for the tenth consecutive year to the Dow Jones Sustainability Index, which recognizes economic, environmental and social performance. In the coming weeks, MWV will release our 2012 Corporate Responsibility Report, which will detail not only the key metrics, but also the people and technology behind our approach to sustainability.