"Holderbank" joins World Business Council for Sustainable Development

16 September 1999

Confirming the "Holderbank" Group's commitment to ongoing initiatives in environmental sustainability, the company has joined the World Business Council for Sustainable Development (WBCSD) with an aim to both assist the Council.

Joining WBCSD is further evidence of "Holderbank's" activities in this area, activities which were first formalized in 1992 with the signing of the International Chamber of Commerce's Business Charter for Sustainable Development, and more recently recognized by a noted American university which conferred an honorary doctorate on "Holderbank" Chairman and Managing Director, Thomas Schmidheiny, this year.

In making the award, Tufts University, itself known for environmental education and policy formulation, sought to honor "Holderbank's" efforts as an advocate of environmental responsibility, describing the company's policies in this area as "bold leadership".

Thomas Schmidheiny will also lead "Holderbank's" involvement in WBCSD discussions. As a first step, the company will contribute to WBCSD policies in the area of climate change and energy efficiency.

"This is an exciting step for "Holderbank"," Mr Schmidheiny said. "As well as being able to assist in the development of WBCSD policies, membership of the Council will challenge us to continuously improve our own environmental performance and demonstrate our commitments in a more public setting."

WBCSD is a coalition of more than 100 international companies united by a shared commitment to the environment and to the principles of economic growth and sustainable development. Its members are drawn from 30 countries and more than 20 major industrial sectors and the Council itself has grown to become the pre-eminent business voice on sustainable development in the world. For more information on the Council's policies and programs, please consult their website at www.wbcsd.ch.
With majority and minority shareholdings in over 60 countries on all continents, "Holderbank" is one of the world's leading suppliers of cement, as well as aggregates (gravel and sand), concrete and construction-related services.

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