International Paper Named To 2013 World's Most Ethical Company List For
Seventh Straight Year By The Ethisphere Institute
MEMPHIS, Tenn., March 6, 2013
MEMPHIS, Tenn., March 6, 2013 /PRNewswire/ --For the seventh straight year,
International Paper (NYSE: IP) was named as one of the World's Most Ethical
Companies by The Ethisphere Institute. Despite a record number of global
nominees, International Paper secured a spot on the list by maintaining its
focus on the ethical business practices and standards that have defined the
Company since its inception more than 100 years ago.
(Logo: http://photos.prnewswire.com/prnh/20020701/IPLOGO )
"This is an important recognition that encompasses all that we do at
International Paper. We are a company of substance in the more than 24
countries where we operate – and we are strengthened by the results of our
employees who do the right things for the right reasons," said Chairman and
CEO John Faraci.
A record number of nominations and applications this year is evidence of both
the World's Most Ethical Companies' growing recognition by various stakeholder
groups and companies' desire to be recognized for their integrity standards
and ethical cultures. The 2013 list is the largest list since the award's
inception in 2007.
"Not only did more companies apply for the World's Most Ethical Companies
recognition this year than any year in the past, which demonstrates that
ethical activity is an important part of many of these companies' business
models, but we are also seeing more companies be proactive and create new
initiatives that expand ethics programs and cultures across entire industries,
such as industry-based ethics associations and other activities," said Alex
Brigham, Executive Director of Ethisphere. "We are excited to see the 2013
World's Most Ethical Companies take these leadership positions, and embrace
the correlation between ethical behavior and improved financial performance."
"At International Paper, we are accountable for all that we do and it's a
culture embraced by our 70,000 employees worldwide," said Sharon Ryan, senior
vice president, General Counsel & Corporate Secretary. "We are defined by a
commitment to ethical behavior, personal integrity and these values support
our compliance standards worldwide."
Through in-depth research and a multi-step analysis, Ethisphere reviewed
nominations from companies in more than 100 countries and 36 industries. The
methodology for the World's Most Ethical Companies includes reviewing codes of
ethics, litigation and regulatory infraction histories; evaluating the
investment in innovation and sustainable business practices; looking at
activities designed to improve corporate citizenship; and studying nominations
from senior executives, industry peers, suppliers and customers.
Read about the methodology and view the complete list of the 2013 World's Most
Ethical Companies athttp://ethisphere.com/wme. The World's Most Ethical
Companies list will also be featured in the 2013 Quarter 1 issue of Ethisphere
About International Paper:
International Paper (NYSE: IP) is a global leader in packaging and paper with
manufacturing operations in North America, Europe, Latin America, Russia, Asia
and North Africa. Its businesses include industrial and consumer packaging and
uncoated papers, complemented by xpedx, the company's North American
distribution company. Headquartered in Memphis, Tenn., the company employs
approximately 70,000 people and is strategically located in more than 24
countries serving customers worldwide. International Paper net sales for 2012
were $28 billion. For more information about International Paper, its
products and stewardship efforts, visit internationalpaper.com.
About Ethisphere Institute:
The research-based Ethisphere^® Institute is a leading international
think-tank dedicated to the creation, advancement and sharing of best
practices in business ethics, corporate social responsibility, anti-corruption
and sustainability. Ethisphere Magazine, which publishes the globally
recognized World's Most Ethical Companies Ranking™, is the quarterly
publication of the Institute. Ethisphere provides the only third-party
verifications of compliance programs and ethical cultures that include: Ethics
Inside^® Certification, Compliance Leader Verification™ and Anti-Corruption
Program Verification. More information on the Ethisphere Institute, including
ranking projects and membership, can be found at http://www.ethisphere.com.
SOURCE International Paper
Contact: Aubrie Artiano, Managing Editor, Ethisphere, email@example.com;
or International Paper, Thomas J. Ryan, +1-901-419-4333; or Investors, Glenn
Landau, +1-901-419-1731 and Michele Vargas, +1-901-419-7287
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