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CORTICEIRA AMORIM (ELI:COR) publishes 2007 Sustainability Report

CORTICEIRA AMORIM (ELI:COR) publishes 2007 Sustainability Report

Published 07-23-08

Issued by Corticeira Amorim SGPS SA

Summary

The report features achievements on key issues such as: independent research, FSC Certification & reduction in the CO2 & greenhouse gas emissions

Report Highlights

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CORTICEIRA AMORIM, the world's largest cork company, has published its 2007 Sustainability Report, now available at www.amorim.com/en/cor_sustentabilidade_relatorio.php

This new edition of CORTICEIRA AMORIM's Sustainability Report features achievements on key issues such as:
New independent research confirmed environmental advantages of cork stoppers and cork flooring, comparing these with the main competing products;
Ten additional patents submitted for registration - a record number not only for the industry, but also within the Portuguese business framework;
Forest Stewardship Council (FSC) Certification granted to 8,400 new hectares of Portuguese cork oak forests;
Increase of 43% on the amount of professional training provided to employees;
A 4.6% decrease in the CO2 emissions for each kg of processed cork;
Further reduction in greenhouse gas emissions through increased use of maritime transport.

As with the previous edition, the 2007 report was developed using the internationally recognised Global Reporting Initiative G3 guidelines. A G3 application level of 'B+' was confirmed by the independent assurance providers PricewaterhouseCoopers.

About Corticeira Amorim SGPS: While tracing its roots to the 19th Century, CORTICEIRA AMORIM, based in Portugal, has become the world's largest cork and cork-derived company, generating over Euro 450 million in sales throughout 103 countries. CORTICEIRA AMORIM and its subsidiaries are an integral part of a conservation effort to guarantee the survival of hundreds of thousands of cork trees throughout the Mediterranean Basin. These forests play a key role in CO2 retention, in preserving biodiversity and prevention of desertification. To learn more please visit www.amorim.com and additional informative websites such as www.corkfacts.com or www.apcor.pt.

Corticeira Amorim SGPS SA

Corticeira Amorim SGPS SA

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