Recognition Adds to Recent Company Distinctions for Excellence in Corporate Responsibility
TOLEDO, Ohio, February 24, 2021 /3BL Media/ - Owens Corning (NYSE: OC) has been recognized by the Ethisphere Institute as one of the 2021 World’s Most Ethical Companies.
This marks the fourth consecutive year Owens Corning has been recognized with this honor. The company is one of only two honorees in the Construction and Building Materials industry, underscoring its commitment to leading with integrity and prioritizing ethical business practices. In 2021, the Ethisphere Institute honored 135 companies from 22 countries and 47 industries.
February 23, 2021 /3BL Media/ - In the past, manufacturers used a straightforward, linear model to produce their goods: extract raw materials, build the products, discard the waste, and throw everything away when it’s no longer in use. The result? Depleted natural resources, increased pollution, and overflowing landfills. Clearly, an unsustainable model in every sense of the word.
As a critical part of our approach to combating climate change, Owens Corning is working to transform our operations to a circular economy model, one in which virgin raw materials, waste, energy and emissions are minimized through intelligent design, renewable and recycled input, energy-efficient production, and enabling the recycling of products at the end of their life cycles. Here’s how we’re thinking about it.
Owens Corning has debuted at #16 on the U.S. Environmental Protection Agency’s (EPA’s) National Top 100 List of the largest green power users from the Green Power Partnership. The company is also #11 on the list of Green Power Partners from the Fortune 500®.
Owens Corning has been ranked #15 on the list overall, and earned the #1 spot for the Building Materials Industry Group.
The ranking is based on publicly-disclosed data that covers 24 key performance indicators. These KPIs touch on significant aspects of corporate ESG results, including resource management, employee management, financial management, clean revenue & clean investment, and supplier performance.
Reducing the negative impacts of our operations is critical, but it is not enough. With the company’s purpose – our people and products make the world a better place – in mind, we define sustainability as meeting the needs of the present while leaving the world a better place for the future.
Net-positive means more than working for a healthy planet. Our aspiration also drives our work to support healthy people and thriving communities. We recognize that with growth comes responsibility, and as a global company, we are positioned to be a force for good for the people who are touched by our company.
Safety Aspiration: To eliminate all employee, contractor and visitor injuries and occupational illnesses at work and at home.
As a global manufacturer, we know the way we conduct our operations makes a difference. To be a net-positive company, our handprint (the positive impacts of our people and products) must be larger than our footprint (the negative impacts). We’re proud of the progress we’ve made in shrinking the negative impact of our operations, but there’s much more to do.
Environmental Footprint Aspiration: Cut the negative impact of our operations in half.
by Marcio A. Sandri - President, Composites at Owens Corning
I don’t remember in my lifetime a year of change that compares with 2020. It is impacting every aspect of our daily lives – work, play, health, social interaction, economics, travel and tourism, politics, racial and social unrest.
For many, life and business have been turned upside down, which demands of leaders a clearly defined path forward framed by the new reality, promising drivers and trends, new technologies/approaches, and sustainability.