Owens Corning Partners with Environmental Defense Fund and PHH Arval to Reduce Emissions of Vehicle Fleet
June 26 2008 - 9:42AM
PR Newswire (US)
Expects to Improve Vehicle Fleet MPG by 18 Percent TOLEDO, Ohio,
June 26 /PRNewswire-FirstCall/ -- Owens Corning (NYSE:OC), a world
leader in building materials systems and glass fiber
reinforcements, announced today that it has begun to systematically
measure and reduce greenhouse gas emissions from its vehicle fleet.
Owens Corning joined the PHH GreenFleet program developed by PHH
Arval and Environmental Defense Fund in an effort to reduce fuel
consumption and operating costs, improve efficiency and reduce
emissions from vehicle fleets used by its North American sales
force. "We're committed to greening our operations around the world
in every area of our business to achieve specific environmental
footprint reductions and reduce operating costs," said Frank
O'Brien-Bernini, chief sustainability officer for Owens Corning.
"Reducing the emissions of our vehicle fleet allows us to achieve
both of these goals simultaneously." Through PHH GreenFleet, Owens
Corning established a greenhouse gas baseline and incorporated more
efficient vehicles into the fleet. Early steps included eliminating
the company's least-efficient vehicles, "right sizing" trucks and
sport utility vehicles, and incorporating more front-wheel drive
and four-cylinder engine vehicles. Owens Corning expects to
increase fleet average miles-per-gallon (MPG) by 18 percent, reduce
greenhouse emissions by 15 percent and reduce projected operating
costs by 8 percent. "Through the leadership of Owens Corning and
other fleets participating in the PHH GreenFleet program, we are
demonstrating that green business and good business go
hand-in-hand," said George Kilroy, president and chief executive
officer of PHH Arval. "Fleets interested in minimizing their
environmental impact should look to these companies for examples of
the best practices in reducing cost and emissions." The PHH
GreenFleet program is designed to help companies cost-effectively
measure, reduce and offset their greenhouse gas emissions, and PHH
clients utilizing the program have achieved, on average, a 14
percent reduction. Participation includes: in-depth analysis and
recommendations to improve efficiency and reduce greenhouse gas
emissions; quarterly measurement and reporting of emissions; and
resources to offset remaining emissions. "The trend towards
measuring and reducing emissions from vehicle fleets is a great
success story for the environment and for corporate America," said
Tom Murray, managing director of corporate partnerships at
Environmental Defense Fund. "We applaud Owens Corning for their
leadership in demonstrating that it pays to drive green." About
Owens Corning Owens Corning (NYSE:OC) is a leading global producer
of residential and commercial building materials, glass fiber
reinforcements and engineered materials for composite systems. A
Fortune 500 company for 54 consecutive years, Owens Corning is
committed to driving sustainability through delivering solutions,
transforming markets and enhancing lives. Founded in 1938, Owens
Corning is a market-leading innovator of glass fiber technology
with sales of $5 billion in 2007 and 19,000 employees in 26
countries on five continents. Additional information is available
at http://www.owenscorning.com/ . About Environmental Defense Fund
A leading national nonprofit organization, Environmental Defense
Fund represents more than 500,000 members. Since 1967,
Environmental Defense Fund has linked science, economics, law and
innovative private-sector partnerships to create breakthrough
solutions to the most serious environmental problems. For more
information, visit http://www.edf.org/ . About PHH Arval PHH Arval,
a subsidiary of PHH Corporation (NYSE:PHH), is a leading fleet
management services provider in the United States and Canada. PHH
Arval provides outsourced fleet management solutions to corporate
clients, including nearly one-third of the Fortune 500 companies.
Through consultative expertise, flexible customer service, and
award-winning Internet technology, PHH Arval helps clients reduce
costs and increase productivity. For more information, visit
http://www.phharval.com/ , or call 800 ONLY PHH. DATASOURCE: Owens
Corning CONTACT: Media, Jason Saragian, +1-419-248-8987, or
Investors, Scott Deitz, +1-419-248-8935, both of Owens Corning; or
Melanie Janin of Environmental Defense Fund, +1-202-572-3240; or
Pilar Page of PHH Arval, +1-410-771-2733 Web site:
http://www.owenscorning.com/ http://www.edf.org/
http://www.phharval.com/ Company News On-Call:
http://www.prnewswire.com/comp/677350.html
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