For the second consecutive year, Xerox (NYSE: XRX) has been named to the Dow Jones Sustainability Index for North America. Launched in 1999, the Dow Jones Sustainability Indices PDF file evaluate the sustainability performance of the largest 2,500 companies listed on the Dow Jones Global Total Stock Market Index. Companies are selected for the indices based on a comprehensive assessment of long-term economic, environmental and social criteria that account for general as well as industry-specific sustainability trends.
"Inclusion in the Dow Jones Sustainability Index is a source of pride for our employees, building on our history and belief that sustainability is achievable with innovation and ingenuity," said Diane O'Connor, vice president, Xerox Environment, Health, Safety and Sustainability.
Xerox has a long-standing commitment to environmental sustainability that began more than 30 years ago with the introduction of two sided copying and continued over the decades with innovative solutions such as power down mode for office equipment and electronics remanufacturing. More recently, Xerox introduced a number of transportation solutions to enhance urban mobility, such as the Merge® smart parking system PDF file, which uses occupancy data from meters and sensors to vary pricing and hence availability and the Xerox Print Awareness Tool, which provides end-users with graphical displays of their print usage as well as "eco-tips" to enhance sustainability awareness and choices.
In 2003, the company made a public commitment to reduce Green House Gas (GHG) emissions, exceeding initial expectations, and subsequently cutting energy consumption by 31 percent and GHG emissions by 42 percent - that's 210,000 tons of carbon dioxide equivalents.
"More and more, investors look at companies' environmental policies and track records in making their investment decisions," said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. "The Dow Jones Sustainability Indices are comprehensive benchmarks that allow investors to gauge the collective performance of those companies."
Xerox also has retained its position for the eighth consecutive year on another corporate responsibility benchmark by meeting the FTSE4Good criteria for corporate responsibility, social and stakeholder engagement, human rights and environmental actions.
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