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Scholastic Reports 2010 Progress Toward Industry-Leading 2012 Goals for Use of FSC-Certified and Recycled Paper

NEW YORK July 27, 2011 company-wide goal Forest Stewardship Council

http://photos.prnewswire.com/prnh/20110727/NY42452

http://photos.prnewswire.com/prnh/20100907/SCHOLASTICLOGO

Corey Brinkema

The slight decrease in the amount of recycled content purchased year over year between 2009 and 2010 is the result of an overall decrease in the average amount of recycled fiber used by the manufacturers of recycled paper. Scholastic is working to find alternative ways to make up the additional recycled fiber. Due to a reduction in the amount of paper purchased in 2009, combined with the loss of an FSC supplier, the amount of FSC-certified paper was slightly reduced from 2008. Scholastic found tonnage to replace the lost source in 2010, which made up for the loss and showed an increase of about 10% from 2009.

In 2010, Scholastic purchased 82,146.3 tons of paper of which 22,380 tons, or 27.24%, was FSC-certified, up from 3.6% in 2007. In addition, 14,685 tons, or 17.88%, of the paper purchased was produced from recovered fiber, up from 13.5% in 2007, and of that amount, 11,472 tons, or 78.12%, was produced from PCW fiber, down slightly from 80.7% in 2007.

"At the halfway mark in our effort, we have made such great progress that we are able to increase our FSC-Certified paper goal," said Maureen O’Connell, Chief Financial Officer and Chief Administrative Officer of Scholastic. "Now with a better understanding of the challenges associated with sourcing FSC-Certified and recycled paper, we look forward to continuing to increase our standards and consistently meet our goals in 2012 and beyond."

Scholastic Book Clubs catalogs, which offer top-quality books and reading materials on a monthly basis to teachers and students in pre-school through high school, are now printed exclusively on FSC-certified paper.

Judy Newman

About Scholastic
www.scholastic.com

SOURCE Scholastic Inc.

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