TOLEDO, Ohio, Sept. 8, 2011 /PRNewswire/ -- For the second 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.
"We are extremely proud to have again earned placement in the DJSI World Index," said Owens Corning Chief Sustainability Officer Frank O'Brien-Bernini. "Owens Corning is committed to balancing economic growth with social progress and environmental stewardship as we deliver sustainable solutions to our building materials and composites customers around the world.
"To this end, we have adopted an increasingly holistic approach that impacts our operations, our products, and how we work with our customers and suppliers to deliver sustainable solutions," he added.
Owens Corning is devoted to delivering sustainable solutions in both of its primary business segments: Building Materials and Composites. A leading manufacturer of energy-saving insulation, Owens Corning recently introduced its revolutionary EcoTouch™ insulation. EcoTouch™ is a new class of high-performance residential and commercial insulation made with a minimum of 99 percent minerals and plant-based compounds and is third-party certified to be a minimum 50 percent recycled content and formaldehyde-free. The company's glass fiber reinforcements, fabrics and non-wovens are used in a wide variety of composite applications. Owens Corning glass reinforcements are used to reduce the weight of vehicle components to improve fuel efficiency, to increase infrastructure durability, and to make wind turbine blades that support the growing global demand for low-carbon, renewable energy.
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 2010 Sustainability Report and on the following website: www.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 57 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 $5.0 billion in 2010 and approximately 15,000 employees in 28 countries on five continents. Additional information is available at: www.owenscorning.com.
SOURCE Owens Corning