MeadWestvaco Named to CRO Magazine's "100 Best Corporate Citizens"
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RICHMOND, VA - February 25, 2008 - Global packaging solutions leader MeadWestvaco Corporation (NYSE: MWV) today announced that it has been named to CRO (Corporate Responsibility Officer) Magazine's 100 Best Corporate Citizens 2008, the ninth annual ranking of top corporate citizens among U.S.-headquartered public companies. MeadWestvaco is recognized for its business practices that exemplify a higher level of corporate integrity, accountability and stewardship.
"MeadWestvaco's ongoing commitment to stewardship and sustainability inspires innovative solutions and business practices that benefit our customers and consumers as well as our shareholders," said Cliff Schneider, vice president, Stewardship and Sustainability at MeadWestvaco. "Being included in CRO's Best 100 Corporate Citizens 2008 is further demonstration that we are delivering on our mission to create value for our stakeholders while fulfilling our environmental, social and economic responsibilities."
In partnership with IW Financial, a Portland, Maine-based research and consulting firm in environment, social and governance issues, CRO ranked the corporate responsibility efforts of large-cap companies from the Russell 1000 Index in eight categories: Climate Change, Employee Relations, Environment, Financial, Governance, Human Rights, Lobbying and Philanthropy. CRO determined the final ranking as a weighted average of these eight categories.
The 100 Best Companies will be honored in a special reception at the conclusion of the Spring CRO Conference on March 27, 2008, at the Union League Club in New York City. For more details about CRO's 100 Best Corporate Citizens 2008, the methodology and CRO Magazine, visit www.thecro.com.
About MeadWestvaco
MeadWestvaco Corporation (NYSE: MWV) provides packaging solutions to many of the world's most-admired brands in the food and beverage, media and entertainment, personal care, home and garden, cosmetics, and healthcare industries. The company has market-leading positions in its Consumer & Office Products and Specialty Chemicals businesses, and operates in more than 30 countries. MeadWestvaco manages all of its forestlands in accordance with internationally recognized forest certification standards, and has been named to the Dow Jones Sustainability Index for the fourth consecutive year. For more information, please visit us at www.meadwestvaco.com.
About CRO
CRO is the only membership media platform for Corporate Responsibility practitioners, and the professional service providers and non-profit influencers that serve them. The CRO publishes the 20,000-subscriber CRO Magazine, 200,000+ subscriber TheCRO.com, bi-weekly e-newsletters, and webinars, as well as produces the four-time-annual CRO Conferences. CRO has more than 100 members including leading companies Sara Lee, Amtrak, IBM, Citigroup, Chubb Insurance, Mattel, Intel, Dell, Pepsi, Home Depot, Starbucks, Avon, Gap, State Street, Xerox, leading providers such as Deloitte, Baker & McKenzie, SAP, Hogan & Hartson, Edelman, Manning Selvage & Lee, Grant Thornton, Golin Harris, Ketchum, Cone, LRN, Integrity Interactive, and non-profits including Stanford University, Boston College, UCLA, and Harvard. Corporate membership information can be found at www.TheCRO.com, or by calling 732-476-6160.
About IW Financial
IW Financial is a leading provider of objective research and technology solutions that help financial professionals evaluate the environmental, social, and governance performance of companies. IW Financial's solutions help organizations identify risks, enhance productivity, provide higher levels of service, increase revenues, and retain productive advisors. IW Financial's clients include investment firms, banks, endowments, religious organizations, universities, and advisors. Portfolio managers, research analysts, marketing and customer service professionals, compliance professionals, and investment committees at these organizations rely on IW Financial for in-depth and actionable information.
More information at www.IWFinancial.com.
Media Contact:
Alison von Puschendorf
tel: +1 804-327-7284
Investor Relations Contact:
Jason Thompson
tel: +1 804-201-2556
