Sonoco, Hartsville, S.C., USA, has been ranked in the top 25% of the 500 largest publicly traded U.S. companies at 125th in Newsweek magazine's Green Rankings for a second consecutive year. The company's reputation was rated third in the General Industrials sector and 33rd overall. Sonoco's Green Policies and Performance ranking was 109th overall and fifth in the General Industrials sector.
To develop the 2010 Green Rankings, Newsweek magazine collaborated with MSCI ESG Research, which served as lead research organization, Trucost, which specializes in quantitative measurements of environmental performance, CorporateRegister.com, the world's largest online directory of social responsibility, sustainability, and environmental reports, and ASAP Media. The goal of the rankings was to assess each company's actual environmental footprint and management of that footprint (including policies and strategies) as well as its reputation among environmental experts. The 500 companies included in the rankings are the largest U.S. companies as measured by revenue, market capitalization, and number of employees.
"We are very pleased to be rated so highly again this year, especially given the extensive in-depth research that was done to develop the Green Rankings," said Harris E. DeLoach Jr., Sonoco chairman, president, and CEO. "To have our commitment to setting the standard for sustainability in the packaging industry recognized again is extremely gratifying for all of our employees and other stakeholders."
In September, Sonoco was also one of only two U.S-based packaging companies selected to join the 2010/2011 Dow Jones Sustainability World Index.
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