Plum Creek Renamed to Dow Jones Sustainability Index

Thu Sep 17, 2009 11:57am EDT

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SEATTLE--(Business Wire)--
Plum Creek Timber Co. Inc. (NYSE:PCL) today announced that Dow Jones has renamed
the company to its Dow Jones Sustainability Index that tracks the economic,
environmental and social performance of companies. 

The review of companies is based on a thorough analysis of corporate economic,
environmental and social performance, assessing such criteria as corporate
governance, risk management, climate change mitigation, supply chain standards,
labor practices and more. 

"At Plum Creek, we believe that our efforts to be socially, environmentally and
economically responsible contribute to our overall business success, and we are
pleased that our commitment to sustainability has been reinforced through our
inclusion in the Dow Jones Sustainability Index," said Rick Holley, Plum Creek`s
president and chief executive officer. 

"Plum Creek has long conducted its business with a strong commitment to
sustainability," Holley continued. "In 1999, Plum Creek was the first company to
have all of its lands third-party certified by PricewaterhouseCoopers to the
standards of the Sustainable Forestry Initiative. Today, Plum Creek continues
this commitment and looks forward to helping address global sustainability
concerns through carbon sequestration initiatives and by working to supply
renewable energy markets." 

Plum Creek is the largest and most geographically diverse private landowner in
the nation with more than 7 million acres of timberlands in major timber
producing regions of the United States and wood products manufacturing
facilities in the Northwest. For more information, visit 

The Dow Jones Sustainability Indexes track the financial performance of the
leading sustainability-driven companies worldwide. Based on the cooperation Dow
Jones Indexes, STOXX Limited and SAM Group, the indexes provide asset managers
with reliable and objective benchmarks to manage sustainability portfolios. The
indexes cover companies in terms of economic, environmental and social criteria.
Full details about the design philosophy, review methodology and index
components are available at 

Plum Creek Timber Co. Inc.
Investors: John Hobbs, 800-858-5347
Media: Kathy Budinick, 888-467-3751 

Copyright Business Wire 2009