MWV Named to CDP's Carbon Disclosure Leadership Index
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MeadWestvaco Corp., Richmond, Va., USA, has been featured in the Carbon Disclosure Project's (U.K.) Carbon Disclosure Leadership Index for 2012. The index highlights companies scoring in the top 10% of the S&P 500 based on commitment to climate change disclosures and understanding of the impact of climate change-related issues. MWV scored 93 out of 100, one of only five companies in the materials sector to score this high and the only company in the containers and packaging category to earn a place on the index. The average score for the S&P 500 was 70.
MWV has made a commitment to reduce carbon dioxide emissions 25% by 2015 (versus a 2010 baseline), and currently is on target to achieve that goal. The company is installing a new, state-of-the-art biomass boiler that will burn renewable biomass such as tree bark, wood residues, and waste water residuals at its Covington paperboard facility. The new boiler will replace a coal-fired boiler and further reduce the company's carbon footprint, cutting plant emissions by ˜30%.
"We are taking steps every day to make our operations more efficient and our business more sustainable," said Dirk Krouskop, MWV's VP for safety, health, and environment. "And we're not only letting our customers, investors, suppliers, and communities know what we're up to, we're working to achieve specific targets in partnership with all of these stakeholders. It's an honor to be named on the CDP Leadership Index. It recognizes the work we've done in so many areas to proactively reduce carbon emissions as cost effectively as possible."
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