Press Statement from Shareholders meeting Director Todd Paglia confronted shareholders at the annual meeting of the Limited Brands, Victoria’s Secret’s parent company, about the vast disparity between the company’s values-driven philosophy and the destructive nature of its environmental practices.May 16th, 2005 |
Earlier today in Columbus Ohio, ForestEthics’ Executive Director Todd Paglia confronted shareholders at the annual meeting of the Limited Brands, Victoria’s Secret’s parent company, about the vast disparity between the company’s values-driven philosophy and the destructive nature of its environmental practices. At issue is Victoria’s Secret’s devastating catalogue business. Victoria’s Secret mails more than 395 million catalogues annually, predominately on paper made from forests, rather than recycled paper. In fact, approximately 25% of the paper in the company’s catalogues comes directly from the Endangered Forests in Canada’s Boreal. |