Accolades Recognize Sustainability Performance, Supplier Engagement
on Climate Change and Product of the Year
TOLEDO, Ohio--(BUSINESS WIRE)--
Owens Corning (NYSE: OC) has been recognized as a global leader by two
independent organizations for its sustainability performance overall, as
well as its progress in managing carbon and climate change across its
supply chain. The company also received a product of the year honor for
its commercial and residential insulations. Three types of insulation
were the first products ever to meet the requirements of SCS Global
Services’ certification protocol validating that the products were made
with renewable (wind) energy yielding reduced embodied carbon.
“We’re honored to be recognized by these influential organizations –
RobecoSAM, CDP and Environmental Leader,” said Frank O’Brien-Bernini,
vice president and chief sustainability officer. “We are consistently
seeking ways to improve, lead, collaborate and measure our
sustainability performance. This ambition provides a unique perspective
and insight to strengthen our ability to develop engineered materials
that help our customers grow while making the world a better place.”
Gold Class Distinction from RobecoSAM
Owens Corning was recognized as one of the world’s most sustainable
companies for the fifth consecutive year by sustainability investment
specialist RobecoSAM. This recognition earned the company placement in
RobecoSAM’s 2018 Sustainability Yearbook. Its score – within one
percentage point of the top score globally – earned the company the Gold
Class distinction from RobecoSAM.
Every year since 2004, the Sustainability Yearbook has listed the
world’s most sustainable companies in each industry as determined by
their score in RobecoSAM’s annual Corporate Sustainability Assessment.
Firms were evaluated against a range of economic, environmental and
social criteria.
For the fifth straight year, RobecoSAM also named Owens Corning the
Building Products Industry Leader, with the company scoring highest in
13 of the 22 categories. Owens Corning had a perfect score against these
criteria: materiality, climate strategy, recycling strategy,
water-related risks and labor practices indicators.
Of the nearly 2,500 companies assessed, there were 578 listed, with only
73 recognized for Gold Class performance.
CDP’s Supplier Engagement Leader Board
Owens Corning also earned a spot on the Supplier Engagement Leader Board
by CDP, the non-profit global environmental disclosure platform. This
recognition means the company was identified as a global leader for its
actions and strategies to manage carbon and climate change across its
global supply chain.
Over 3,300 companies were assessed by CDP on their supply chain
engagement strategies. Owens Corning is among the 2% of organizations to
be awarded a position on the leader board, in recognition of its actions
to reduce emissions and lower climate-related risks in the supply chain
in the past reporting year.
The Supplier Engagement Leader Board was released as part of CDP’s
Global Supply Chain Report 2018 using analysis from McKinsey & Company.
The report reveals that climate leadership is paying dividends, as
awareness of climate change-related risks and opportunities is
increasing down the supply chain.
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76% of suppliers responding to CDP identified some inherent climate
change risks to their business
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52% report that they have integrated climate change into their
business strategy
Environmental Leader Product of the Year
In its sixth year, the Environmental Leader Product & Project Awards
recognize excellence in products and services that provide companies
with energy and environmental benefits, or in corporate projects that
improved environmental, sustainability or energy management and
increased the bottom line.
Three types of Owens Corning commercial and residential insulation were
independently certified as made with renewable energy and reduced
embodied carbon. These products were available for specification and
purchase in late 2017.
Jesus Hernandez-Torres, senior R&D leader, said, “A building represents
two kinds of energy use: ongoing energy to operate the building and
embodied energy in the manufacture of the building products. Insulation
reduces the operational energy needed for the building. Owens Corning’s
new insulation products reduce the embodied carbon inherent in the
building as well.”
Owens Corning worked with SCS Global Services to develop guidelines for
the certification, since no such certification previously existed. This
certification followed the power purchase agreements that Owens Corning
signed in 2015 that created new wind capacity in Texas and Oklahoma.
Both wind farms came online in late 2016 and can generate 1.1 million
megawatt hours of electricity per year.
Since these products deliver a reduced carbon footprint, they help
architects design buildings with reduced life-cycle impact and achieve
the recognized goals of the Architecture 2030 Challenge and U.S. Green
Building Council’s LEED certification. Homebuyers also have the option
of having products made with 100% wind power, reducing the embodied
carbon and carbon footprint of their homes.
For a complete list of winners, visit www.environmentalleader.com/.
For the Owens Corning product profile, visit https://www.environmentalleader.com/judges-2018-owens-corning/.
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.
About RobecoSAM
Based in Zurich, Switzerland, and a subsidiary of the Robeco Group,
RobecoSAM is an investment specialist focused exclusively on
sustainability investing. It offers asset management, indices, impact
analysis and investing, sustainability assessments, and benchmarking
services. Together with S&P Dow Jones Indices, RobecoSAM publishes the
globally recognized Dow Jones Sustainability Indices (DJSI). Based on
its corporate sustainability assessment (CSA), an annual ESG analysis of
over 3,800 listed companies, RobecoSAM has compiled one of the world’s
most comprehensive databases of financially material sustainability
information.
About CDP
Formerly known as the Carbon Disclosure Project, CDP is an international
nonprofit that drives companies and governments to reduce their
greenhouse gas emissions, safeguard water resources and protect forests.
CDP leverages investor and buyer power to motivate companies to disclose
and manage their environmental impacts. Over 6,300 companies with some
55% of global market capitalization disclosed environmental data through
CDP in 2017. This is in addition to the over 500 cities and 100 states
and regions who disclosed, making CDP’s platform one of the richest
sources of information globally on how companies and governments are
driving environmental change.
About Environmental Leader
Environmental Leader is the top source of daily business news for
corporate executives seeking energy, environmental and sustainability
news. It was founded in 2006 and is based in Fort Collins, Colorado.
Learn more at www.environmentalleader.com.
Owens Corning Investor Relations News
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180705005066/en/
Owens Corning
Media:
Chuck Hartlage, 419-248-5395
or
Investors:
Thierry
Denis, 419-248-5748
Source: Owens Corning