Weyerhaeuser Top Forest Products Company on FORTUNE List
FEDERAL WAY, Wash., USA, Mar 7, 2011 — Weyerhaeuser Company (NYSE: WY) today announced it was named the world’s most admired forest and paper products company according to a study published in the March 21 edition of FORTUNE magazine, currently available online and at newsstands.
Weyerhaeuser earned the top ranking in its industry for innovation, use of corporate assets, social responsibility, long-term investment, and quality of products/services. In addition, Weyerhaeuser tied for 10th for social responsibility overall among all companies.
“This distinction among our peers testifies to our commitment to responsible governance, reliable systems and a focus on long-term prosperity,” said Dan Fulton, president and chief executive officer. “We are honored to be rated among the world’s top companies and our employees take great pride in this recognition.”
FORTUNE’s “Most Admired Companies” list is widely considered the definitive measure of corporate performance and reputation. To compile the list, FORTUNE and its partner, The Hay Group, surveyed approximately 15,000 senior executives, outside directors, and other major non-U.S. companies and financial analysts. Those surveyed rated companies on innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of products/services.
Last week, Weyerhaeuser also learned it was included in Corporate Responsibility Magazine’s 100 Best Corporate Citizens List for 2011 and awarded the Sustainable Asset Management 2011 Bronze Class distinction for corporate sustainability performance in "The Sustainability Yearbook 2011.”
Weyerhaeuser Company, one of the world's largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage our timberland on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2010, we employed approximately 14,000 employees in 10 countries. We have customers worldwide and generated $6.6 billion in sales in 2010. Our stock trades on the New York Stock exchange under the symbol WY. Additional information about us is available at http://www.weyerhaeuser.com.