Sonoco Named in "Newsweek" Green Rankings
Sonoco 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 collaborated with MSCI ESG Research, a source of environmental, social and governance ratings, which served as lead research organization; Trucost, which specializes in quantitative measurements of environmental performance; CorporateRegister.com, an online directory of social responsibility, sustainability and environmental reports; and ASAP Media. The rankings were made 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., chairman, president and chief executive. “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.”
For additional details, visit www.sonoco.com.