Illinois Tool Works, the parent company of ITW Foils, a manufacturer and distributor of foils, films, and laminates for the packaging and printing markets, has been named a Top 25 Socially Responsible Dividend Stock by Dividend Channel. Other recipients in the top 25 include PepsiCo, McDonald’s, Intel Corporation, Kraft Foods, Colgate-Palmolive and Proctor & Gamble.
‘The commitment to sustainability is embraced corporation-wide,’ said Gary Jones, national sales manager, ITW Foils. ‘At ITW Foils, we share a dedicated responsibility to minimizing our impact on the environment, and to continually striving to find new manufacturing techniques, substrates, and internal processes to deliver quality without compromise.’
The company was recognized by asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Criteria include environmental impact of the company’s products and services, as well as its efficient use of energy and resources. Social criteria include human rights, child labor, corporate diversity and the company’s impact on society.
ITW Foils recognizes environmental sustainability is a growing imperative for designers, brands and converters. In addition to hot foils and cold foils, which allow for recycling and biodegrading of paper, it offers EcoShine, a sustainable transfer process for waste-free, recyclable metallic and holographic paperboards and EcoCast, an on-press holographic effect with no VOCs or waste.
ITW Sustainable Packaging Group
To further promote sustainability throughout ITW, the corporation has developed the ITW Sustainable Packaging Group (SPG). The SPG encompasses ITW’s 40+ packaging companies, along with its relevant laboratories and technology center.