Owens Corning earns place on Dow Jones Sustainability World Index for third straight year
TOLEDO, Ohio, Sept. 13, 2012 / 3BL Media / PRNewswire/ -- For the third year in a row, Owens Corning (NYSE: OC) has earned placement in the Dow Jones Sustainability World Index (DJSI World) in recognition of its sustainability initiatives.
Composed of global sustainability leaders, the DJSI World Index is an elite listing of the top 10 percent of the world's 2,500 largest companies based on long-term economic, environmental and social criteria.
"One of our greatest strengths at Owens Corning is our ability to follow through on aggressive goals, and then boldly set the bar even higher," said Chairman and Chief Executive Officer Mike Thaman. "Sustainability is a core business strategy of our company, and I am proud of our commitment, focus, resolve and success in accomplishing the objectives we set."
"We understand what it takes to remain among the sustainability leaders who earn this recognition on the DJSI World Index, and our goal is to be continuously improving," said Owens Corning Chief Sustainability Officer Frank O'Brien-Bernini. "We are constantly seeking and finding new ways to add value, through our sustainability efforts, to our customers, our communities, our employees, our investors and to the industries in which we operate. We're proud of our inclusion on the Index again this year."
Owens Corning is devoted to delivering sustainable solutions across both of its business segments: Building Materials and Composites. The company recently reported its sustainability progress in its 6th Sustainability Report. Some highlights include:
- Transformed the entire Residential Insulation product line to EcoTouch®. This innovation led to the most significant product transformation in the company's nearly 75-year history.
- 37 percent intensity reduction in the company's Toxic Air Emissions compared to 2010.
- 22 percent intensity reduction in the company's Waste-to-Landfill compared to 2010.
- 8 percent intensity reduction in the company's Greenhouse Gases compared to 2010.
- 10 consecutive years of safety improvement.
- Elevated the depth, breadth and transparency of the company's sustainability reporting, moving from a Global Reporting Initiative (GRI) reporting level of B to A.
The DJSI follows a best-in-class approach and includes sustainability leaders from industries worldwide, serving as an important guide for investors to assess a company's sustainability portfolio. Selection to the DJSI is based on an in-depth analysis of a company's economic, environmental and social aspects with a focus on long-term development of corporate value. Listed companies are considered to demonstrate continuous improvement every year with regard to sustainability and are assessed by analysts from the Sustainable Asset Management Group (SAM).
An in-depth look at Owens Corning's sustainability efforts can be found in the company's 2011 Sustainability Report and on the following website: http://sustainability.owenscorning.com.
About Owens Corning
Owens Corning (NYSE: OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems. A Fortune® 500 company for 58 consecutive years, Owens Corning is committed to driving sustainability by delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $5.3 billion in 2011 and approximately 15,000 employees in 28 countries on five continents. Additional information is available at: www.owenscorning.com.
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