Office Depot Releases Independently Audited Environmental Stewardship Report

When Office Depot (NYSE:ODP), one of the world’s leading resellers of products containing recycled content, announced its new Environmental Paper Procurement Policy & Vision Statement on Earth Day 2003, the company set out to create a new level of responsibility, transparency and accountability related to the environment. A detailed look at the company’s environmental initiatives and accomplishments is being released today in a landmark report providing an audited account of its environmental achievements.

Available in its entirety at www.officedepot.com/environment, the 2004 Environmental Stewardship Report focuses on the key policy and infrastructure initiatives undertaken by Office Depot during the past year, and details the resulting environmental benefits.

The publication of the industry’s first-ever audited environmental report marks the latest in a series of firsts for Office Depot in its mission to be a leader in environmental performance while raising the bar for other retailers.

“Our environmental strategy is values-based and market-driven,” said Neil Austrian, Chairman and CEO of Office Depot. “It is clearly the ‘right thing to do’ and resonates with our employees and business partners as well as our customers and the investment community – who share this philosophy and want to do business with a company that derives economic value from improved environmental outcomes. The independent audit of our environmental performance by PricewaterhouseCoopers supports this strategy by contributing to our stakeholders’ confidence in Office Depot and our commitment to environmental stewardship.”

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