Owens Corning Earns Place on Dow Jones Sustainability World Index for Ninth Straight Year
September 13 2018 - 04:30PM
Business Wire
For the ninth year in a row, Owens Corning (NYSE: OC) has earned
placement in the Dow Jones Sustainability World Index (DJSI World)
for its sustainability performance. For the sixth straight year,
Owens Corning was named the Industry Leader for the DJSI World
Building Products group.
Composed of global sustainability leaders, the DJSI World is an
elite listing of the world's largest companies based on long-term
economic, environmental, and social criteria.
“We are honored to be recognized on the Dow Jones Sustainability
World Index for the ninth straight year and as the Industry Leader
for the sixth year,” said Chairman and Chief Executive Officer Mike
Thaman. “Our 19,000 employees continue to take action and drive
real impact for the betterment of our business, employees,
customers, partners, and the world around us.”
The company uses its sustainable enterprise framework to manage
the company and guide decisions, assess business performance,
allocate resources and inform other strategic choices focused on
both the short- and long-term time horizons. This framework was
developed to better serve and communicate with key stakeholders.
The pillars include:
- Financial strength
- High-performance people
- Customer-inspired innovation
- Operational excellence
- World-class sustainability
“The DJSI World index provides a valuable annual benchmark to
assess our sustainability progress, performance and impact across
economic, environmental and social criteria,” said Vice President
and Chief Sustainability Officer Frank O'Brien-Bernini. “This
assessment – and its relative benchmarking against other large
global enterprises – fuels our ideas, actions and resolve to
continuously elevate our performance.”
Owens Corning also earned placement on the Dow Jones
Sustainability North America Index, which includes the top
sustainability leaders from the largest 600 North American
companies in the S&P Global BMI.
Owens Corning is devoted to delivering sustainable solutions
across all three of its business segments: Insulation, Roofing, and
Composites. The company recently reported its sustainability
progress in its 12th annual Sustainability Report. Some highlights
include:
Operations Sustainability
- Sustained progress against the
company’s 2020 environmental footprint reduction goals. From the
2010 baseline year, Owens Corning: exceeded goals for primary
energy (-26%), water (-41%), and fine particulate (-25%); remains
on track to meet goals for greenhouse gas (-48% to date) and toxic
air emissions (-61% to date); continue to be challenged by
waste-to-landfill goal (-4% to date)
- Purchased over 1.1 million megawatt
hours of renewable energy
Product and Supply Chain Sustainability
- Achieved the following product
certifications and innovations:
- World’s first products certified as
made with 100% wind-powered electricity and reduced embodied carbon
– various EcoTouch® and Thermafiber® insulation products
- First formaldehyde-free mineral wool
insulation in North America – Thermafiber® sound attenuation fire
blankets
- First insulation SAFETY Act Designation
through the U.S. Department of Homeland Security for several
Thermafiber® fire barrier solutions
Energy Efficiency and Durable Material Solutions at Scale
- Hosted its second Builder Summit to
help builders strengthen their businesses by building energy
efficient, durable and comfortable homes
- Acquired a producer of composite rebar
for a compelling alternative (better corrosion resistance, less
weight and 100-year service life) to steel reinforcements in new
and restorative concrete structures
Safety, Health, Employee Engagement and Community Vitality
- Advanced the goal of an injury-free
workplace by reducing recordable incident rate from 2016
- Expanded its Healthy Living wellness
initiative for employees and their families globally
- Increased company-sponsored
volunteerism, product donations, or financial support and
fundraising for local charities to 82% of its facilities
Owens Corning's 2017 Sustainability Report was prepared in
accordance with the Global Reporting Initiative (GRI) Standards:
Comprehensive option. More information can be found at
https://www.owenscorning.com/corporate/sustainability.
About Dow Jones Sustainability
Index
Launched in 1999, the DJSI were the first global indices
tracking financial performance of leading sustainability-driven
companies. This elite listing is derived from an integrated
assessment of economic, environmental, and social criteria with a
strong focus on long-term shareholder value. More than 3,500 of the
world’s largest companies from developed and emerging markets were
invited to take part in the annual corporate sustainability
assessment (CSA); 993 firms completed the comprehensive
questionnaire, a 5.4% increase over 2017’s participation.
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures, and markets
insulation, roofing, and fiberglass composites. Global in scope and
human in scale, the company’s market-leading businesses use their
deep expertise in materials, manufacturing and building science to
develop products and systems that save energy and improve comfort
in commercial and residential buildings. Through its glass
reinforcements business, the company makes thousands of products
lighter, stronger and more durable. Ultimately, Owens Corning
people and products make the world a better place. Based in Toledo,
Ohio, Owens Corning posted 2017 sales of $6.4 billion and employs
19,000 people in 37 countries. It has been a Fortune 500® company
for 64 consecutive years. For more information, please visit
www.owenscorning.com.
Owens Corning Investor Relations News
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Owens CorningMedia contact:Chuck Hartlage, +1
419-248-5395chuck.hartlage@owenscorning.comorInvestor
contact:Thierry Denis, +1
419-248-5748thierry.j.denis@owenscorning.com
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