FOR IMMEDIATE RELEASE
New York, NY — Scholastic, (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced that it has surpassed its company-wide goal of strengthening its sustainable paper procurement practices and increasing the percentage of Forest Stewardship Council (FSC)-certified paper purchased by the company.
Scholastic is dedicated to responsible stewardship of the environment in all of its paper procurement practices and endeavors to produce quality products in a responsible manner from design to material specification to finished goods. In an effort to continue its commitment to sustainable paper procurement practices, the company’s procurement policy extends purchasing preference to products and suppliers that exhibit superior environmental performance and are aligned with the following goals:
- Sustainable forestry practices
- Wise use of resources
- Use of recycled paper/materials
- Minimization of basis weight
- Design for the environment
- Clean manufacturing practices
- Economic viability
- Credible reporting and verification
In 2015, Scholastic purchased 74,286 tons of paper of which 53,437 tons, or 71.93%, was FSC-certified, up from 3.6% in 2007. In addition, 81% of all paper purchased by the company contained post-consumer recycled waste (PCW), ranging from 10% to 100% recycled waste.
“As a company providing entertaining books and educational materials for young people globally, it is imperative that we help maintain a healthy environment for them to grow up in,” said Maureen O’Connell, Chief Financial Officer and Chief Administrative Officer of Scholastic. “It is for this reason that Scholastic remains dedicated to minimizing waste and using FSC chain of custody certified and recycled paper in our products.”
For more information on Scholastic’s paper procurement policy, visit: http://www.scholastic.com/aboutscholastic/paper-policy.htm.