Home Depot Adopts New Wood Policy

by repost

Thu, Jan 2, 2003 3:11PM

``We're really impressed with the forward steps Home Depot has taken on its responsible wood supply,'' said Jennifer Krill of the Rainforest Action Network, a San Francisco group that held protests at Home Depot stores a few years ago in a bid to force it to stop selling wood from endangered forests.

Home Depot Adopts New Wood Policy
By REUTERS

Filed at 5:43 p.m. ET

ATLANTA (Reuters) - Home improvement retailer Home Depot Inc. (HD.N) said on Thursday it will only buy wood products from suppliers committed to environmentally friendly logging and lumber practices.

The move expands a policy adopted by the largest U.S. lumber retailer in 1999 to quit selling wood from endangered forests.

Home Depot hopes to use its purchasing power to encourage wood suppliers to follow good forestry practices, said Ron Jarvis, vice president of merchandising for lumber and building materials. ``It's an important message to send,'' he said.

The retailer sells about $5 billion of wood products each year, accounting for about 9 percent of its annual revenues.

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