TOLEDO, Ohio--(BUSINESS WIRE)--For the eighth 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 fifth 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 eighth year, and as Industry Leader for the fifth year,” said Chairman and CEO Mike Thaman. “This is a direct result of the focused efforts of our 17,000 employees.”
“We are continuously working to improve and expand our sustainability impact across economic, environmental, and social dimensions,” said Vice President and Chief Sustainability Officer Frank O'Brien-Bernini. “It’s a dynamic and energizing process, engaging our employees globally in work that matters.
“For example, we’ve just completed our first nine months purchasing renewable energy generated by two large wind farms built for us to reduce our environmental footprint. We’re enhancing the total life cycle impact of our products with pioneering sustainability attributes. And we’re further expanding our global health and wellness opportunities for employees and their families. We are consistently learning and growing, continually gaining insights into new opportunities.”
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 11th annual Sustainability Report. Some highlights include:
- Partnered with Habitat for Humanity and World Vision to provide safe, energy-efficient housing for 1,500 families in need in the United States, Canada, and China
- Began purchasing power from 250 megawatts of new wind power capacity, the equivalent of the yearly electricity use of 65,000 U.S. homes
- Worked with wind turbine manufacturers to help make wind energy more economical via the Owens Corning composites portfolio, material science experts, and rapid prototyping capability
- Continued to focus on environmental footprint reduction with particulate matter emissions and water use down 23% and 37%, respectively, relative to 2010 levels, which exceed the company’s 2020 goals
- Earned product certifications from the Asthma and Allergy Foundation of America, Living Product Imperative, and Cradle to Cradle Material Health
- Facilitated the recycling of 2.5 billion pounds of roofing shingles, and 1.3 billion pounds of glass (used in Owens Corning insulation)
- Launched a science-based global wellness program for employees and their families
Owens Corning's 2017 Sustainability Report is available online at:
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 3,400 of the world’s largest companies from developed and emerging markets were invited to take part in the annual corporate sustainability assessment (CSA); 942 firms completed the comprehensive questionnaire, an 8.7% increase over 2016’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 2016 sales of $5.7 billion and employs 17,000 people in 33 countries. It has been a Fortune 500® company for 63 consecutive years. For more information, please visit www.owenscorning.com.
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