Staples Ends Ties With Asia Pulp & Paper

Green-Minded Staples Ends Ties With Asia Pulp & Paper: "Green-Minded Staples Ends Ties With Asia Pulp & Paper
Source: Copyright 2008, Wall Street Journal
Date: February 7, 2008
Byline: Tom Wright

"Office-supplies giant Staples Inc. has severed all contracts with Singapore-based Asia Pulp & Paper Co. Ltd., one of the world's largest paper companies, in a move that shows concerns over forest destruction and global warming are having an impact on big U.S. paper buyers.

Until recently Staples sourced about 9% of its total paper supply from APP and used the paper for its own Staples-branded stock, mainly photocopy and office paper. Staples had stuck with the company even as other large paper sellers in the U.S., Europe and Asia, including Office Depot Inc., stopped buying from APP in recent years because of alleged environmental misdeeds. Staples had hoped that continuing to buy from the company would prompt APP to improve its environmental record."