TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE:OC) has been recognized as one of the world’s most sustainable companies for the fourth consecutive year by sustainability investment specialist RobecoSAM. This recognition earned Owens Corning placement in RobecoSAM’s 2017 Sustainability Yearbook.
Owens Corning’s score – within 1 percent of the top score globally – earned it the "Gold Class” distinction from RobecoSAM. The company was also named an “Industry Mover” by RobecoSAM. This distinction recognizes the firms that achieved the largest proportional improvement in their performance over the previous year.
“We are pleased to be recognized again by RobecoSAM as a global sustainability leader,” said Thierry Denis, vice president of investor relations, Owens Corning. “We believe strengthening our sustainability efforts benefits our global enterprise and, ultimately, the value we deliver to shareholders.”
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 (CSA). For the 2017 yearbook, RobecoSAM assessed nearly 2,500 companies globally. They are evaluated against 18 criteria in three dimensions, or categories – economic, environmental, and social.
Owens Corning received a 100th percentile ranking in the economic dimension of RobecoSAM’s assessment. This category comprises customer relationship management, supply chain management, risk and crisis management, and more. It also had a 100th percentile ranking in the social dimension, which includes talent attraction and retention, health and safety, corporate citizenship, and human rights.
Owens Corning’s progress in environmental reporting accounted for its significantly higher score in the environmental dimension. The environmental dimension also includes recycling strategy, operational eco-efficiency, environmental policy and systems, and climate strategy.
Progress in 14 of the 18 criteria across the three dimensions earned Owens Corning the Industry Mover distinction.
Of the nearly 2,500 companies that were assessed, 77 were recognized for Gold Class performance, and 54 were listed as an Industry Mover.
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. The data of the CSA is included in $87.3 billion of assets under management by subsidiaries of the Robeco Group.
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 2015 sales of $5.4 billion and employs about 16,000 people in 25 countries. It has been a Fortune 500® company for 62 consecutive years. For more information, please visit www.owenscorning.com.
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