MWV’s commitment to sustainability extends from our corporate offices to our global manufacturing operations. We are meeting our responsibility by developing innovative new processes that make our operations more efficient and reduce our carbon footprint.
What is a carbon footprint?
A carbon footprint measures the total impact of a company’s operations on the climate. It consists of the greenhouse gases, measured in tonnes of carbon dioxide equivalents (CO2e), that are released into the atmosphere through the combustion of fossil fuels, chiefly coal, oil and natural gas. Carbon emissions enter the atmosphere either directly from the burning of fossil fuels, or indirectly from the generation of electricity.
How is a carbon footprint calculated?
A carbon footprint is typically expressed as metric tons (tonnes) of CO2e, or tonnes of carbon emitted, usually on an annual basis. Customers also look for information on the carbon footprint of specific products and solutions. MWV currently measures its direct and indirect CO2 emissions of its significant manufacturing facilities, and is evaluating different methodologies to identify the measuring system that best meets the needs of our customers.
Our commitment to lowering emissions
We are fulfilling our responsibility to lower emissions through our voluntary, legally binding commitment to reduce direct carbon dioxide equivalents by 6 percent from a 1998-2001 baseline by the end of 2010 through our participation in the Chicago Climate Exchange.
Further, MWV is committed to do its part toward our trade association American Forest & Paper Association's Climate VISION commitment to a 12 percent reduction in relative CO2 emissions ("intensity") between 2000 and the end of 2012 for major production facilities. We share with investors our progress through such organizations as SAM for inclusion in the Dow Jones Sustainability World Index, and the Carbon Disclosure Project, where we have publicly participated since the S&P 500 were invited to CDP4.
Actively reducing carbon dioxide emissions allows us to lessen our use of fossil fuels. We evaluate our new capital projects to ensure that we will meet our CO2 reduction goals, and fund projects to reduce energy costs and CO2 emissions. We also develop and use products that reduce carbon dioxide emissions, including the wood-based carbon products from our Specialty Chemicals business.
- Download our 2010 Environmental Performance Metrics report (PDF)
MWV Named to DJSI for 8 Years
For eight consecutive years, MWV has been named to the Dow Jones Sustainability World Index, and is ranked best in class in the Containers & Packaging sector for the sixth year. Read the press release.