MWV named to Dow Jones Sustainability World Index for seventh straight year

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MWV named to Dow Jones Sustainability World Index for seventh straight year

September 17, 2010 - 00:24
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RICHMOND, VA, Sept. 17, 2010 (Business Wire) -

MeadWestvaco Corp. today announced it is listed on the 2010 Dow Jones Sustainability World Index (DJSI World) for the seventh consecutive year, and is ranked best in class in the Containers & Packaging sector for the sixth year. The DJSI World recognizes the world's leading companies in the areas of economic, environmental and social performance, and evaluates organizations based on their commitment to and success in integrating sustainability into core business objectives and performance.

MWV scored above its peers in the Environmental dimension, reflecting the global packaging leader's commitment to developing innovative processes and solutions that make its operations more environmentally efficient and productive, including reducing greenhouse gases and streamlining its supply chain and operational footprint.

"MWV's commitment to environmental stewardship and sustainable business practices are key drivers in both our long-term strategy and our day-to-day decisions," said John A. Luke, Jr., chairman and chief executive officer of MWV. "As a global leader in packaging serving the world's most recognized brands, we have an opportunity to significantly impact our own industry, and contribute to the goals of our customers by being a responsible partner." He added, "The recognition we receive through the DJSI World reminds us of the progress we've made, and encourages us to achieve a higher standard for ourselves each year."

Launched in 1999, the Dow Jones Sustainability Indexes are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide, and captures the top 10 percent based on long-term economic, environmental and social criteria.

To learn more about MWV's stewardship and sustainability initiatives, please visitwww.mwv.com.