Avery's Paper Procurement Policy - Analyst Blog
05 Mars 2013 - 2:10PM
Zacks
Avery Dennison
Corporation (AVY), in association with Rainforest
Alliance, has formulated a policy to promote sourcing of materials
responsibly and using them in an efficient manner. It includes
responsible paper sourcing, procurement and developing greener
products from them.
As per the policy, Avery will be bound by certain commitments like
identifying the sources of the pulp, natural fiber and paper to aid
the customers and industry. It will also have the onus to ensure
that its suppliers are pursuing sustainable forest management
practices and reward sound environmental performance to its supply
chain partners.
Avery, which is among the top players in labeling and packaging
materials and solutions along with United Stationers
Inc. (USTR), ACCO Brands Corporation
(ACCO) and The Standard Register Company (SR),
will work to avoid controversial fiber sources and maximize the use
of recycled content and fiber.
The company together with external certification experts will
evaluate the risks involved in its supply chain of illegal timber
and irresponsibly harvested fiber. The strategy aims at the
development of procedures for documenting, verifying and reporting
supplier performance.
Avery will review the policy and commitments on a regular basis
that are based on the best scientific evidence to ensure state of
the industry. It intends to minimize the environmental and social
impacts of sourcing decisions across the entire paper
lifecycle.
Pasadena, Calif.-based Avery manufactures pressure-sensitive
materials, and tickets, tags, labels and other converted products.
Avery has over 200 manufacturing and distribution facilities
encompassing more than 60 countries. Its clientele is spread across
the U.S., Europe, Asia, Latin America and other regions.
Avery’s restructuring initiatives will help it focus on its
market-leading, pressure-sensitive materials business and Retail
Branding and Information Solutions segment.
Avery currently retains a short-term Zacks Rank #1 (Strong
Buy).
ACCO BRANDS CP (ACCO): Free Stock Analysis Report
AVERY DENNISON (AVY): Free Stock Analysis Report
STANDARD REGIST (SR): Free Stock Analysis Report
UTD STATIONERS (USTR): Free Stock Analysis Report
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