Environmental Compliance
Our environmental policy requires all employees to comply with environmental laws, company environmental standards, and other external company commitments.
Weyerhaeuser maintains environmental audit programs to track compliance with environmental laws and our own policies. Our program includes compliance audits of our manufacturing facilities, forests, and management systems. In addition to identifying potential risks and areas for improvement, these audits also identify best practices, which are then shared across the company. The frequency of audits at an operation depends on the level of risk associated with the operation and past performance.
Capital Spending
Our capital projects typically are designed to enhance safety, extend the life of a facility, increase capacity, increase efficiency, change raw material requirements, or increase the economic value of assets or products, as well as to comply with regulatory standards.
It is difficult to isolate the environmental component of most manufacturing capital projects. Our capital expenditure for environmental regulatory requirements in 2009 were an estimated $1 million (approximately 1 percent of total capital expenditures). In 2010, we expect capital expenditures for environmental compliance to be about $1 million (approximately 1 percent of expected total capital expenditures). These capital expenditures exclude acquisitions and Real Estate.
Environmental Remediation
We maintain an environmental remediation program to fulfill our responsibilities under regulatory agreements, reduce the risk of environmental harm, and reduce the potential financial liability because of past practices at sites owned, acquired or divested by Weyerhaeuser; certain third-party sites; and Superfund sites where we have been named as a potentially responsible party.
- Since this program's inception in 1991, 266 remediation projects have been completed.
- In 2009, we had 56 active projects and spent approximately $5 million on environmental remediation. We expect to spend approximately $8 million on environmental remediation in 2010.
Last updated May 28, 2010.