Responsibility for Sustainability Matters
Our stakeholders expect the company to operate in a healthy, safe, legal and environmentally responsible manner. To meet this expectation, we have developed effective systems for identifying and evaluating risks, setting standards, implementing programs, monitoring performance, and complying with the law. The board addresses aspects of sustainability at every meeting and board committees address aspects of sustainability on a regular basis (e.g., legal compliance). Safety is addressed at every board meeting, and the corporate governance committee hears a full report once a year. Diversity is addressed at least once a year in a report to the governance committee or in succession planning discussions by the board. On an annual basis, the corporate governance committee receives a "state of the company" environmental report.
The board, through its company direction-setting process, establishes companywide strategic direction for capital spending, and business and financial matters, as well as social and environmental issues. Weyerhaeuser employs this process in three- to five-year cycles to set overall strategic direction of the company. As part of the process, we analyze global trends that have the potential to affect our businesses over the long term, analyze the capabilities and challenges of our businesses, and integrate this information into our planning and decision-making regarding company direction.
Board committees are responsible for sustainability issues in their areas of oversight, ensuring that all aspects of sustainability are addressed on an ongoing basis.
The board annually, with the assistance of the corporate governance committee, reviews its overall performance and reviews the performance of board committees.
Learn more about our board committees and their charters in the investors section.
Last updated May 11, 2009.