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And Office Depot has the most detailed paper policy out of all the companies surveyed.
“These companies are making huge strides forward,”according to Daniel Hall, the Market Solutions Director at Forest Ethics. They have made a lot of progress in previous years, and we weren’t sure how much additional progress they would be able to make in this round.”But where Office Depot and Fed Ex thrive, companies including Amazon.com, Paperlin X, and Costco fail, receiving grades of F from Forest Ethics.
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Last year was tough for home improvement companies.
The SPDR S&P Homebuilders ETF (XHB), which invests ~21.2% of its holdings in home improvement and home furnishing companies, fell 26.5%.
Fed Ex and Office Depot have been working with Forest Ethics for years, which explains their high grades of A- and B.
Fed Ex, for example, takes pains to avoid sourcing paper from endangered forests, and the company recently announced that the majority of paper in its US copy centers will be Forest Stewardship Council (FSC) certified.
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"I’ve been to the Depot many times with other moms. (Photo Agency)more pics “We were in India [for Halloween last year], and Brad and the kids and I had an odd celebration in the hotel we were staying at.
We had candy sent up, which we said was from the saints.” - Angelina Jolie “I don’t care how many [magazine] covers you’re on.
As time goes on, Hall and Forest Ethics expect their ratings to improve.“If the scorecard serves as a wake-up call, that’s great.
We also hope it will serve as an invitation to talk to us,” Hall said.
YTD (year-to-date), Home Depot has returned 14.5%, while the S&P 500 Index has increased by 12.7% during the same period.