Owens Corning has been named one of 25 global companies on CDP’s A List for both climate and water. This achievement recognizes actions completed in 2016 to manage environmental risks, cut carbon emissions, and enhance water stewardship.
Formerly known as the Carbon Disclosure Project, the U.K.-based CDP works with investors, companies and policymakers to reduce greenhouse gas emissions and safeguard water resources and forests. CDP publishes scores for more than 3,000 organizations. These are shared with businesses, policymakers and investors to help identify risks and ultimately guide resources toward organizations that drive positive environmental change.
“Being awarded a position on CDP’s A Lists for both climate and water highlights the progress we’ve made on our 2020 sustainability goals, specifically the greenhouse gas emission and water consumption intensity targets,” said Frank O’Brien-Bernini, chief sustainability officer. “The CDP recognition also shows our commitment to the measurement and disclosure efforts that guide our decisions and actions to strengthen both our sustainability and business performance.
“As with the Dow Jones Sustainability World Index, investors have another credible, third-party assessment of our enterprise through CDP’s latest report.”
To be named on CDP’s A List for climate change, Owens Corning:
Demonstrated a thorough understanding of risks and opportunities related to climate change and how this is integrated into the company’s business strategy
Verified GHG emissions statements and implemented emissions reduction strategies to reach company-wide goals
“The power purchase agreements we executed in 2015 – which enabled the more ambitious goals we set for greenhouse gas emissions – will be evident in our emissions results in our 2017 Sustainability Report. We expect continued progress here in the years ahead,” O’Brien-Bernini said.
To be named on CDP’s A List for water, the company:
Assessed water-related risks and evaluated their impact on the company’s growth strategy, including conducting life cycle assessments of products to identify the amount of water used during production, use and end of life, and using an aqueduct risk map tool to assess water risk at all facilities
Integrated water management into its business strategy with clear company-wide targets and goals
CDP has aligned with the Global Reporting Initiative and the Dow Jones Sustainability World Index for comparability and transfer of information. Owens Corning has earned placement on DJSI World for eight years in a row.
Thousands of global companies submit annual environmental disclosures to CDP for independent assessment against its scoring criteria. The A List and full company scores are available on CDP’s website: https://www.cdp.net/en/scores-2017. The methodology and criteria are also available on CDP’s website.
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 about 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.
CDP is an international nonprofit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$100 trillion, CDP leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 6,300 companies with some 55% of global market capitalization disclosed environmental data through CDP in 2017. This is in addition to the over 500 cities and 100 states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change.