3M Revises Wood Fiber Sourcing Policy To Protect Forests, Human Rights

MarketWatch Pulse

3M announced on Thurday a revised policy to ensure that all virgin wood fiber used in its paper-based products and packaging are from sources that protect forests and respect human rights. The company, which makes Post-it notes and Scotch tape, will hold a conference call Thursday, at 12:30 p.m. Eastern to provide details on its new policy. 3M joins the parade of kinder, gentler companies, including Akorn Inc. , which announced Wednesday that it will no longer let its products to be used in lethal injections, and McDonald's Corp. , which said it will stop selling chicken raised with antibiotics important to human health. 3M's stock, a component of the Dow Jones Industrial Average, has ganied 3% in the past three months, while the Dow has edged up 0.8%.

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