Owens Corning Publishes 13th Annual Sustainability Report
TOLEDO, Ohio--(BUSINESS WIRE)--May 15, 2019--
With the publishing of its 2018 Sustainability Report, titled “Difference Driven,” Owens Corning (NYSE: OC) is proud to showcase how the company’s employees deliver a material difference every day for its stakeholders. For Owens Corning, “Difference Driven” means always looking ahead to what its workforce can do next to materially improve the world.
“We aspire to be a net-positive company, where our handprint – our positive impact – exceeds our footprint,” Chief Executive Officer Brian Chambers said. “Our team is committed to challenging the status quo and developing innovative solutions that meet the needs of the present and improve the world we leave to future generations.”
Owens Corning’s 13 th annual report highlights the company’s sustainability advancements and summarizes progress toward its 2020 sustainability goals. Owens Corning takes a holistic view of sustainability as a concept that drives all aspects of its enterprise and that is advanced by the work of its 20,000 employees in everything they do.
Chief Sustainability Officer Frank O’Brien-Bernini added, “As the science continues to evolve, we’ll continue setting ambitious science-based sustainability goals to guide us. We are committed to reducing our environmental footprint – including reducing greenhouse gas emissions and waste – while challenging ourselves to grow our handprint. This brings our purpose, ‘our people and products make the world a better place,’ to life.”
Some projects highlighted in Owens Corning’s 2018 Sustainability Report include:
- Launched the first formaldehyde-free perimeter fire containment system in North America. The system relies on the company’s Thermafiber®, Firespan® and Safing® mineral wool insulation. It offers architects and specifiers a way to meet green building requirements without compromising on fire safety.
- Increased the number of products with a “Made with 100% Wind-Powered Electricity and Reduced Embodied Carbon” certification, including EcoTouch® insulation for flexible duct and QuietR® duct board insulation. This gives commercial architects and specifiers, builders, and even homeowners the option of lower-carbon products to build greener structures.
- Adopted a new policy to limit initial opioid prescriptions to three days in the U.S. In one year, this policy has reduced the number of opioid pills dispensed through the company’s U.S. health plans by 40%. By limiting initial prescriptions to three days, the policy facilitates more constructive discussions between patients and doctors, ultimately reducing the risk of addiction.
- Achieved tobacco-free status at 100% of U.S. legacy facilities, a significant step toward the goal of being a fully tobacco-free company. The company provides many resources to help employees and their families achieve their own health and wellness goals, including smoking cessation support.
“We are proud to report our progress and reflect on our opportunities as a sustainable enterprise,” Chambers and O’Brien-Bernini said in the report. “Owens Corning has a long history that creates a foundation for future success. We are managing our company for the long term, knowing we can make a difference that matters.”
The full report is available online at https://www.owenscorning.com/corporate/sustainability/docs/2019/2018-Owens-Corning-Sustainability-Report.pdf
You can visit the company’s sustainability pages at https://www.owenscorning.com/corporate/sustainability
About Owens Corning
Owens Corning is a global leader in insulation, roofing, and fiberglass composite materials. Its insulation products conserve energy and improve acoustics, fire resistance, and air quality in the spaces where people live, work, and play. Its roofing products and systems enhance curb appeal and protect homes and commercial buildings alike. Its fiberglass composites make thousands of products lighter, stronger, and more durable. Owens Corning provides innovative products and solutions that deliver a material difference to its customers and, ultimately, make the world a better place. The business is global in scope, with operations in 33 countries. It is also human in scale, with 20,000 employees cultivating local and longstanding relationships with customers. Based in Toledo, Ohio, USA, the company posted 2018 sales of $7.1 billion. Founded in 1938, 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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PUB: 05/15/2019 06:00 AM/DISC: 05/15/2019 06:00 AM